Coinbase, the largest cryptocurrency exchange in the United States of America, announced the addition of the ADA digital currency, which is the third largest digital currency by market value, to the CoinBase Pro platform.
Deposits and transfers are already enabled, while trading will begin on Thursday, March 18th at 9:00 AM PST.
The San Francisco-based Coinbase released a statement earlier yesterday informing that CoinBase Pro users will be able to buy, sell or store the ADA digital currency, which is one of the most popular digital currencies recently.
Inform the statement and as we have told us above that trading will begin on or after 9 AM PDT tomorrow Thursday if the liquidity conditions are met.
More specifically, this means that the ADA digital currency will require sufficient supplies to be generated prior to the trade.
Once this is achieved, CoinBase Pro will provide several trading pairs against the ADA digital currency, such as:
ADA / USD, ADA / BTC, ADA / EUR, and ADA / GBP.
It should be noted that the ADA digital currency is only available on Coinbase Pro and not on Coinbase.com or any of the mobile applications.
Once currency trading is enabled, the company will provide further clarifications.
In addition, CoinBase Pro will initially support withdrawals to Shelley addresses only, while the company will provide full support for all addresses soon.
Although the inclusion of the ADA digital currency in the CoinBase Pro platform comes with several initial restrictions, the news had an immediate positive impact on the currency’s price.
As the price of the ADA digital currency rose to $ 1.27, an increase of 22% in the last 24 hours, according to “Coingecko”.