USA based crypto exchange makes Cardano’s ADA available to the traders by adding it to the trading platform, boosting crypto trading options and experience for the users.
Cryptocurrency exchange PayBito has enlisted ADA, the native currency of decentralized public blockchain, and crypto project Cardano making it available for trading to its global users. Since the commencement of this year, the USA based leading digital assets trading platform has been on a coin listing spree expanding the existing portfolio of cryptocurrencies.
Along with the latest addition, PayBito has an impressive list of prominent cryptocurrencies for the traders to have diverse and unique trading experience, giving them a scope to broaden their trading options and coin portfolio as well. PayBito’s coin listing includes Bitcoin, Ethereum, Litecoin, HCX, Bitcoin Cash, Ethereum Classic, Bitcoin SV, EOS, BAT, Ripple and more. The globally renowned exchange plans to add more coins to its platform based on market performance and valuation so that the users can have an optimum crypto trading experience.
“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”, commented Raj Chowdhury, Managing Director, PayBito.
PayBito is one of the top cryptocurrency exchanges and trading platforms with a global user base, that contributes to its continual trading volume surges. It offers seamless fiat to crypto and vice versa conversions, unlike other platforms, assuring safety through enhanced security protocols. It has earned global popularity owing to its simple and intuitive interface, and seamless trading operations, along with its multi-currency and multi-language compatibility.
The coin listing at PayBito is an extensive and thorough process, where a special panel of crypto and blockchain experts analyze each coin that is under review for listing. A step-by-step process is maintained to ensure that the coin is fit for the platform and safe for the traders to trade with.
The parent company or creator of the coin has to abide by the strict regulations, which are there for the sake of the users, to uphold transparency and authenticity in trading. The creators have to prove that the underlying technology of the cryptocurrency is fully functional, supported by a detailed whitepaper on various technological and revenue aspects of the same. There are other compliances in place as well to check the credibility of the coin before adding it to the platform.
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A Brief on Cardano (ADA):-
Cardano is an open-source decentralized public blockchain network and cryptocurrency project and ADA is its native currency. It is also involved in the development of a smart contract platform that aims to be powered by enhanced features (project under development). Cardano enables intricate and programmable value transfers securely. The Cardano foundation was established by Charles Hoskinson, co-founder of Ethereum in 2015 and he was able to raise 60 million USD through Initial Coin Offering that took place in 2017.
It is considered as the first-ever blockchain platform to have evolved from a scientific philosophy with a research-first driven approach. Cardano is also one of the first to be built using the Haskell programming language. It uses a proof-of-stake algorithm called the Ouroboros which works differently than other proof-of-stake consensus mechanisms.