Crypto World News
Cardano [ADA] has entered the Japanese wing of one of the world’s largest crypto exchanges, OKCoin. Announcing the listing of ADA, OKCoin would start spot trading of the token on Sept. 1, trading the cryptocurrency against Japan’s national currency, the yen.
The growing adoption of ADA demonstrates the prowess of the eight largest crypto projects by market capitalization and the latest addition seems a plausible step.
Besides ADA, other leading cryptocurrencies such as BTC, ETH, XRP, and a number of smaller cap coins ones have already been listed on the Japanese exchange. A total of 17 pairs are now currently available for crypto enthusiasts to trade on OKCoin Japan.
In another similar move, Cardano [ADA] went live on the US-based trading platform Kraken as a collateral cryptocurrency on its futures platform. With that, the native token of the layer 1 blockchain has now joined a list of prominent cryptocurrencies such as Chainlink [LINK], Polkadot [DOT], Decentraland [MANA], and others.
Moreover, the token has provided exposure to over 40 futures contracts now, TronWeekly reported.
Apart from its widespread adoption, the token too managed to retain positive flows last week despite the crypto market downturn.
Cardano Ended Week With Positive Fund Flows
According to CoinShares’ latest weekly fund flow report, few cryptocurrencies ended the week with positive flows. Out of that, ADA, despite a significant drop in quotes, managed to attract free funds from investors.
So, per the report, Cardano managed to finish the week with a positive fund flow value of $500,000.
At a time when market volumes remain extremely low, ADA and a few others in the bunch kept bringing funds in at 55% of the annual average and the second lowest for the entire year, according to CoinShares estimates.
Moreover, the community surrounding the blockchain appears to be the most optimistic. Even though Crypto Winter has acted as a spoiler on the ADA’s price in the past months, it has however failed to contain the community’s positivism. In fact, ADA’s weighted sentiments have tapped a 4-month peak.
As per recent data from Santiment, The Weighted Sentiment showed a value of 1.50 for ADA, the highest in four months. This outpouring of optimism comes after a period of intense bearish outlook between late July and early August.
Filed Under: Altcoin News, News
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