The world’s second largest crypto exchange Huobi announced the listing of Cardano (ADA). The Chinese exchange stated in the official announcement that ADA will be listed on April 16 on the Huobi Pro platform. The users will be able to start trading the cryptocurrency the next day.
Now on the seventh position on the Coinmarketcap chart, ADA saw a huge decrease in the last months. In December the cryptocurrency was in the fifth position followed by Litecoin and IOTA.
“Cardano (ADA) will be launched on Huobi Pro on April 16, 2018 (GMT+8). Deposits will be available from 14:30, April 16 (GMT+8). ADA/BTC, ADA/ETH and ADA/USDT trading will be available at Main Zone from 14:00, April 17, 2018 (GMT+8). Withdrawals will be available from 14:30, April 19 2018 (GMT+8).”
After Hobi made the announcement, the cryptocurrency started to rise in price but so did the anticipation of the investors. With the exposure on the second largest cryptocurrency exchange, the value of ADA could skyrocket in a bull market.
Cardano managed to enter the top 10 in just a few months. Due to its innovator blockchain which is built as sidechains This protocol was created by Kiayias and his team after analyzing the problems of other protocols like Ethereum.
CryptoStreet reported earlier that the if the platform encounters any problems the whole blockchain does not have to suffer. The developers can simply remove the malfunctioning sidechain and repair it. This concept makes Cardano a stable network.
“The concept allows for the secure and non-interactive movement of funds from CSL to any Cardano Computation Layer or other blockchain supporting the protocol,” stated one of the developers.
The Huobi platform was created in 2013 in China. Many voices were speculating on the failure of the exchange last September when the Chinese government decided to ban cryptocurrency trading. At the moment Huobi has expanded to Japan, South Korea, Hong Kong, USA, and Singapore.