Cardano lovers waiting to see ADA on Robinhood
Will Cardano Be Listed on Robinhood? Here's What Community Thinks. Read this full report
Last updated Jul 29, 2022
The community of Cardano blockchain initiated a discussion to list ADA coin on Coinbase rival Robinhood.
Cardano is a popular blockchain project. Charles Hoskinson is the founder of Cardano blockchain and he is one of the Co-founders of Ethereum blockchain. Before the Cardano project launch, he was working on the Ethereum project with Vitalik Buterin & Gavin James Wood but left Ethereum because he disagreed with future use cases of Ethereum as a non-profit public blockchain. Hoskinson was willing to make Ethereum a commercial blockchain network but Vitalik was against this decision, so Hoskinson left the Ethereum project & created his crypto project, Cardano, as the biggest rival of the Ethereum blockchain.
On 27 July, a Cardano (ADA) lover @DeansEpoch took to Twitter and tagged Robinhood crypto exchange & its co-founder Vlad to ask whether ADA coin lovers can expect the listing of ADA coin or not.
In response, another ADA lover responded to the same tweet and said that the Cardano project doesn’t need help from such crypto companies because they are working at their level in the pool but Cardano is a huge ocean to explore.
@DeansEpoch responded and said that he does not agree with this approach because we need to remain everywhere and Robinhood is a place where huge crypto Investors are available.
That’s possible. I don’t really agree with that approach though. We should strive to be anywhere there are a ton of users, and that includes Robinhood.
— Dean (@DeansEpoch) July 27, 2022Robinhood crypto listing approach
Robinhood is a US-based stock & crypto platform and this platform showed very little effort toward the listing of new tokens in the past.
But this year, the Robinhood exchange listed Polygon (MATIC), Solana (SOL) and Compound (COMP), Shiba Inu (SHIB), and also listed Chainlink (Link) in June.
This thesis shows that Robinhood increased its efforts of new crypto assets listing, to bring a huge user base to its platform.
In late 2021, the Shiba Inu community initiated many social media threads to force the Robinhood exchange to list Shiba tokens but Robinhood executives said that the exchange focuses on the security of the users not on making money. But later in April of this year, the Exchange listed the Shiba token.
Read also: UK Law Commission proposes an idea to protect crypto holding users’ rights
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