FTX to List ADA Soon! Sam Bankman-Fried Sees Cardano As A New Blockchain

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The post FTX to List ADA Soon! Sam Bankman-Fried Sees Cardano As A New Blockchain appeared first on Coinpedia Fintech News

On Wednesday, Cardano (ADA) fell 3.74%. Following a 1.23% decline on Tuesday, ADA finally closed at $0.386. Notably, this was the first time in sex sessions that the asset closed below $0.400.

In the meanwhile, values continue to fluctuate after FTX CEO Sam Bankman-Fried tweeted on Wednesday that FTX is working on listing ADA, claiming it is “a new blockchain” and needs time to integrate.

Amazing how @SBF_FTX lists random brand new vc coins immediately, but won’t list Ada. It not only shows what your priorities are but it shows what you fear. Listing only coins you are personally involved in should throw up some read flags.

— Evan (@Clintchimera) November 2, 2022

Apparently, regardless of the fact that SBF’s remarks are positive toward ADA, fans of Cardano expressed fury and ridiculed him for claiming that the blockchain was brand-new. For instance, a supporter pointed out that the Cardano network has existed longer than the cryptocurrency market.

Cardano To Be Listed On FTX

Interestingly, after ADA whales highlighted the fallacy in his thinking, the FTX CEO elaborated on his first comment. SBF clarified that he had meant that FTX has only recently begun using the blockchain.

Cardano is not a “new blockchain”. It’s been around for 5 years, get real please

— ADA whale (@cardano_whale) November 3, 2022

The FTX CEO has come under fire for introducing new coins with venture capital support so swiftly while postponing the listing of ADA for spot trading, according to a recent comment made by another user. In fact, a user has accused the FTX CEO of leaving ADA off of the exchange’s listings twice in a little more than a week. In particular, it stands out as the only top-25 token in terms of market cap that is not traded on an exchange.

Furthermore, many experts also claim that these recent accusations have been fueled by FTX’s rapid listing of Aptos, a new Layer 1 blockchain constructed by ex-Meta personnel with FTX backing.

Holdups in ADA Listing

According to the FTX CEO, supporting Cardano is not as easy as with ER20 networks, which is why the listing of ADA has been delayed for so long.
Cardano supporters can expect an ADA listing on FTX within the next three months if the FTX CEO sticks to his word
It’s worth noting that in response to SBF’s words today, Cardano’s founder Charles Hoskinson has just shared a GIF in which he appears to nod in agreement.

Meanwhile, it is predicted that Cardano and other coins shall face a difficult time this November as the altcoins are expected to face a slump.

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