Robinhood is working to provide remittances for Cardano (ADA) and all other crypto assets on its platform

Robinhood is working to provide remittances for Cardano (ADA) and all other crypto assets on its platform


Retail giant Robinhood is enabling external remittances for Ethereum (ETH) competitor Cardano (ADA).

The company, which cited customer demand as the reason for listing the ADA earlier this month, is again listening to A The client’s request on Twitter to be able to convey Cardano.

Says company response,

“While you cannot move ADA in or out yet, we are working to make it available for all assets on our Robinhood Crypto platform. We are here if you have any additional questions.”

Robinhood first Launched Cryptocurrency transfers to and from its platform in July. The trading giant had a tough year, shedding 9% of its staff in April and another 23% of its workforce in August.

Cardano is a scalable decentralized blockchain. The Ethereum competitor will launch the much-anticipated Vasil hard fork upgrade on September 22, according to developer Cardano Input Output Hong Kong (IOHK).

IOHK says the Vasil hard fork is the “most significant” Cardano upgrade to date as it will significantly increase the capacity of the blockchain network and reduce transaction costs. The company also notes that Vasil will leverage Plutus’ smart contract mechanism.

ADA is trading at $0.52 at the time of writing. The 8th largest crypto asset by market capitalization has increased by more than 8% in the past 24 hours.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock/gonin





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