Robinhood Offers Cardano (ADA) Transfer Service To Satisfy Customers

To please its customers, Robinhood has added a service to send and receive Cardano (ADA), the cryptocurrency the company listed on its platform earlier this month. The action comes ahead of Cardano’s long-awaited Vasil hard fork on September 22.

Retail giant Robinhood has been working to enable external transfers for Ethereum (ETH) competitor Cardano (ADA). The action of the company is to satisfy as customer demand.

As updated in an article by Coincu News, on September 1 the company announced the listing of ADA on its platform.

Cardano is a scalable decentralized blockchain. The Ethereum competitor will launch its much-anticipated Vasil hard fork upgrade on September 22nd, according to Cardano developer Input Output Hong Kong (IOHK).

IOHK says that the Vasil hard fork is the “most significant” Cardano upgrade yet as it will greatly increase the blockchain’s network capacity and lower transaction costs. The firm also notes that Vasil will enhance Plutus, Cardano’s smart contract mechanism.

ADA is trading at $0.5135 at time of writing. The 8th-ranked crypto asset by market cap.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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