Coinbase has been on a listing spree over the last year, adding tokens from ApeCoin (APE) to Wrapped Centridge (WCFG), according to a blog post by Coinbase on Thursday.
- The crypto exchange is also buffing up its staking options. The exchange reported that it will allow staking for ADA, the native crypto of the Cardano blockchain.
- Rupmalini Sahu, senior product manager Coinbase, stated that ADA is a top-10 market cap and it has a flexible, sustainable, and scalable blockchain design.
- Cardano is a proof-of-stake cryptocurrency, indicating that the network is not secured via mining like Bitcoin but by users committing a portion of their ADA holdings to the network.
ADA is the fifth coin that Coinbase offers staking services after providing staking for Cosmos, Ethereum, Algorand, and Tezos. ADA USD up +2.56%