- The Cardano community is currently speculating about whether or not the Gemini exchange is preparing to list the ADA token.
- Frederik Gregaaard, the CEO of the Cardano Foundation, recently stated that he was working with major exchanges in order to list Cardano-based tokens.
- The Cardano community has long been frustrated by Gemini’s reluctance to add the ADA token to the list of available assets.
Speculations are rife in the Cardano community about a possible listing of the ADA token on the Gemini exchange, following recent statements by Frederik Gregaaard, CEO of the Cardano Foundation.
Cardano Foundation CEO’s Efforts to List ADA on Major Exchanges
Frederik Gregaaard, the CEO of the Cardano Foundation, recently stated that he was working with major exchanges to list Cardano-based tokens. “We’ve also engaged with several exchanges because I want way more Cardano native assets listed on exchanges,” he said. This has sparked speculations in the Cardano community about a possible listing of the ADA token on the Gemini exchange.
Gemini’s Reluctance to List ADA
The Cardano community has long been frustrated by Gemini’s reluctance to add the ADA token to the list of available assets. In late 2022, Cardano founder Charles Hoskinson mocked Gemini following the exchange’s data breach. He argued that it would be a good thing if the ADA token was not available on the platform. Back then, hackers allegedly stole personal information from millions of Gemini users. Hoskinson also joked that refusing to list ADA was tightly correlated with bankruptcy after the Gemini exchange started trying to recover $900 million worth of customer funds from troubled cryptocurrency lender Genesis.
Exchanges Warming Up to Controversial Cryptocurrencies
Despite the controversies, exchanges tend to warm up to these cryptocurrencies. Despite the fact that the Winklevoss twins publicly feuded with the XRP community in the past, Gemini ended up listing the token last August following Ripple’s partial legal win against the SEC. This gives hope to the Cardano community that ADA may eventually find its way to the Gemini exchange.
Conclusion
While the speculations continue, it remains to be seen whether Gemini will list the ADA token. If it does, it could be a significant boost for Cardano, potentially increasing its visibility and accessibility to a wider range of investors.
