Friday, December 2, 2022
HomeCrypto NewsMarketFTX CEO Causes Stir Describing Cardano As 'A New Blockchain,' But Again...

FTX CEO Causes Stir Describing Cardano As ‘A New Blockchain,’ But Again Promises To List ADA

- Advertisement -

SBF reiterates plans to list ADA.

FTX CEO Sam Bankman-Fried, in a tweet on Wednesday, has again reiterated that FTX is working on listing ADA, saying that it is “a new blockchain” and, as such, takes time to implement while assuring that the exchange is almost there.

Unsurprisingly, while SBF’s statements potentially bode well for ADA, his description of the blockchain as new caused a stir among the Cardano faithful, with users responding with sarcasm and outrage. For example, one user pointed out that the Cardano network has been around longer than the crypto exchange.

Notably, the FTX chief clarified what he meant after the flaw in his statement was brought to his attention by ADA whale. According to SBF, he meant that the blockchain is new to FTX.

The latest statements come as another user called out the FTX chief for his ability to list new tokens with venture capital backing immediately and yet delay with listing ADA for spot trading. It bears mentioning that it is the second time in a little over a week that a user has called out the FTX chief for not listing ADA. Notably, it is the only token out of the top 25 by market cap not listed on the exchange. 

It is worth noting that FTX’s quick listing of Aptos, a new Layer 1 blockchain developed by former Meta employees with FTX funding, has fueled these recent criticisms.

Previously, explaining the reason behind the continued delay in listing ADA, the FTX chief noted that providing Cardano support is not as easy as it is with ER20 networks. In addition, he noted that the exchange also had to set up a good validator.

If an attempt at a wager by the FTX chief to prove critics wrong is anything to go by, the Cardano faithful can expect an ADA listing on FTX in the next three months.

Notably, Cardano founder Charles Hoskinson in response to SBF’s statements today, just shared a GIF, seemingly nodding in support.

- Advertisement -
Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

- Advertisment -

Recent News & Articles

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.