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FTX CEO’s Update On Cardano Causes Frustration Following The MASK Listing

Sam Bankman-Fried, the founder and CEO of important cryptocurrency exchange FTX, has stirred up the Cardano community once more. This time, it was in response to the charge that FTX is listing every arbitrary token that involves companies connected to the exchange and Bankman-Fried but is still unable to introduce spot trading on ADA.

FTX CEO's Update On Cardano Causes Frustration Following The MASK Listing 3

Under response to the claims, SBF stated that development on ADA is now in progress but is hindered by the fact that the new blockchain’s implementation is taking longer. Given that Cardano has been around for five years, the phrase “new” drew a quick response. The head of FTX quickly clarified that he had meant a cryptocurrency that has not yet been listed on the exchange.

Cardano spot pair (ADA) on FTX

FTX CEO's Update On Cardano Causes Frustration Following The MASK Listing 4

In late October, the exchange’s CEO personally announced the long-awaited launch of the Cardano spot pair (ADA) on FTX. The potential effects of this listing worried some well-known figures in the cryptocurrency industry at the same time.

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Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.