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Retail giant Robinhood is enabling offshore transfers for Ethereum (ETH) competitor Cardano (ADA).
The company, which cited customer demand as the reason for listing the ADA earlier this month, is again listening to A The client’s request on Twitter to be able to convey Cardano.
He said company response,
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“While you cannot transfer ADA from or to now, we are working to make it available for all assets on our Robinhood Crypto platform. We are here if you have any additional questions.
Robinhood first Spear Cryptocurrency transfers to and from its platform in July. The trading giant had a difficult year, laying off 9% of its staff in April and 23% of its workforce in August.
Cardano is a scalable decentralized blockchain. The Ethereum competitor will launch the much-anticipated Vasil hard fork upgrade on September 22, according to developer Cardano Input Output Hong Kong (IOHK).
IOHK claims that the Vasil hard fork is the “most important” Cardano upgrade to date, as it will significantly increase the capacity of the blockchain network and reduce transaction costs. The company also notes that Vasil will improve Plutus’ smart contract mechanism.
ADA is trading at $0.52 at the time of writing. The eighth largest crypto asset by market capitalization is up more than 8% in the past 24 hours.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
Featured Image: Shutterstock/gonin