Trading App Giant Robinhood Launches Support for Ethereum Rival Cardano (ADA) Ahead of Network Upgrades

Retail trading giant Robinhood kicks off the new month by adding the top 10 crypto assets to its trading roster.

In a new announcement by Twitter, the company said To tell Its scalable decentralized blockchain Cardano (ADA) is now live on the Robinhood platform, driven by customer demand.

Cardano is an Ethereum (ETH) competitor, and both projects will launch major network upgrades this month.

Earlier this week, Cardano creator Bob Hoskinson provided an update on the long-awaited Vasil hard fork, stating that the developers are making steady progress towards the event happening in the coming weeks.

Things are moving very quickly. Extensive testing is still being done by both the community and us. There is a lot of integration work going on behind the scenes, so all is well with that infrastructure. is proceeding to

Somewhere in September it will look like that unless something is discovered or a significant slowdown is encountered elsewhere. “

Last week, the Ethereum Foundation also announced an updated timeline for project merging from Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanisms. September 10th and 20th.

Cardano has experienced a week of choppy price volatility, down 1.74% and trading at $0.44 at the time of writing.

Ethereum also lost 1.31% and is currently trading at $1,536.

Robinhood continues to add new digital assets to its trading platform, but the company has been hit hard by the prolonged cryptocurrency bear market, laying off 23% of its workforce in early August.

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Featured image: Shutterstock/klyaksun/Mingirov Yuriy