Robinhood adds support for Cardano (ADA)

After the demand from the customer, US-based crypto & stock platform Robinhood decided to add support for Ethereum rival Cardano blockchain.

Robinhood is popular US-based crypto & stock platform. Initially, Robinhood was launched as a stock platform but the last few years resulted in better outcomes for the platform to generate revenue from the crypto services, so the platform is eagerly working hard to bring all possible best crypto services to the Robinhood platform, to create a better competition against the rival companies like Coinbase exchange.

On 1 September, The official Twitter account of Robinhood exchange tweeted that ADA, native token of the Cardano blockchain, is available to trade on the platform as per the demand of platform users.

Earlier this, on 27 July, Cardano supporters started a Twitter thread to show the response of the Cardano community, to show the need for Cardano support on popular centralized exchange Robinhood.

It seems that Robinhood exchange was getting huge demand from the users base and also facing indirect force from the Cardano community to list ADA coin.

Cardano Vasil Hardfork

At present, developers of the Cardano blockchain are working to introduce Vasil Hardfork in the Cardano mainnet because the network of Cardano needed more integration features to bring scalability & efficiency to the network.

Through the Vasil Hardfork, the Cardano blockchain will be able to adopt the Hydra protocol, to provide 1 million transactions per second via the Cardano network.

Vasil Hardfork is delayed by several months and it is expected that Vasil Hardfork in Cardano mainnet will be done before the end of September 2022.