- Cardano just got listed to a young but popular US-based exchange, PayBito.
- Since it started operating, PayBito has been after the biggest and most popular projects.
- ADA comes as its latest listing, only a week before its Shelley protocol is to be launched.
Cardano (ADA) was just listed on another cryptocurrency exchange in the US. The exchange, known as PayBito, serves users around the world, and by listing Cardano, the exchange made it available for trading.
PayBito is a young exchange that has only started operating earlier this year. Since it happened, however, the exchange has been on a quest to find the altcoins worthy of making its list and expanding its portfolio.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
PayBito seeking out prominent cryptos for listing
Considering that Cardano is about to see a massive transformation when its Shelley protocol gets integrated in about a week, there is certainly a lot of demand for the coin. In other words, PayBito has likely made a very calculated move by adding this particular crypto.
Still, ADA is far from being the only one to be added recently. As mentioned, PayBito has been seeking out worthy candidates. At the same time, it wanted to diversify its offering as much as possible.
As a result, the young trading platform now also offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Bitcoin SV, EOS, XRP, Ethereum Classic, Basic Attention Token, EOS, HCX, and others. Even so, PayBito doesn’t plan to stop listing new coins with Cardano.
In fact, it seems to plan to add many others, as long as they can satisfy its criteria in terms of valuation and market performance. The platform wishes to offer top projects to its users, and therefore, projects will have to prove their worth before being listed.
The new firm’s Managing Director, Raj Chowdhury, commented by saying that “We at PayBito are constantly upgrading our platform and include novel factors in interface features or more coin options for trading so that the users can diversify their portfolio, as well as enjoy a profit margin through the exchange of varied coins. Our team has been dedicating itself in adding more cryptocurrencies to the platform while ensuring the best price to the traders.“
Despite its young age, PayBito became one of the top trading platforms for a global userbase. Its trading volumes are on the rise, and it even supports fiat-to-crypto and crypto-to-fiat conversion, which made it an excellent choice for those who are only entering the crypto industry now.