Cardano, a decentralized public blockchain and cryptocurrency platform, is looking to roll out its native cryptocurrency (ADA) on a major cryptocurrency exchange, Coinbase. The firm is expecting the launch by the end of 2020.
According to July 3 news, IOHK, Cardano development firm, has begun a collaboration with Coinbase Custody. The new collaboration will allow Cardano investors to stake ADA while holding their crypto in supposedly well-protected cold wallets.
An IOHK spokesperson said:
“With the release of Adrestria, our new suite of libraries and APIs, allowing for a seamless, modular process of integrating Cardano with exchanges, we’ve been working closely with a number of exchanges, and the community can expect more announcements before the end of 2020.”
Major Updates from Cardano Virtual Summit
Along with the news of the listing, IOHK officials have disclosed some significant updates for the Cardano project, during Cardano’s Virtual Summit.
On July 2, news was published that IOHK has partnered with Wave Financial Group to launch cFund, an investment fund intended to increase IOHK’s platform development and adoption. The firm has commenced a $20 million venture fund.
cFund is looking forward to $250,000–$500,000 worth of investments in “startup and early-stage businesses that build their products and services on IOHK’s blockchain technologies, including Cardano.”