Ongoing speculations within the Cardano community suggest that U.S.-based crypto exchange Gemini could be planning to list ADA, the 10th-largest cryptocurrency by market cap.
These rumors started making rounds after Gemini referred to Cardano as an “open-source protocol that focuses on democratizing the process of consensus and governance.”
Cardano $ADA is an open-source protocol democratizing the process of consensus and governance
It was created to be a scalable, interoperable, and sustainable solution compared to other PoS blockchains ⤵️ https://t.co/njwgPI8CNh
— Gemini (@Gemini) May 11, 2024
Gemini also published an article about Cardano by Frederik Gregaard, the CEO of the Cardano Foundation. Gemini posted the article on its education platform, dubbed Cryptopedia.
According to a video shared by Cardano staking pool operator St₳kΣ with Pride, Gregaard revealed that he was working with top crypto exchanges to potentially list ADA.
Cardano Community Anticipate Potential ADA Listing on Gemini
A few weeks after Gregaard’s comment, Gemini published an article about Cardano, thus stirring speculation that the exchange could be planning to list ADA.
Prominent Cardano community members, including St₳kΣ with Pride, have been fueling these speculations. In a recent X post, St₳kΣ with Pride asserted that Gemini would be listing ADA and potentially supporting other digital assets on the Cardano blockchain, dubbed CNTs [Cardano Native Tokens].
🚨 Gemini is going to list $ADA and potentially CNTs too.
Frederik stated he was working with large exchanges and Gemini just published a post authored by him. #Cardano https://t.co/Xh9IQxfHe7 pic.twitter.com/4ZGsuQdjAn
— St₳kΣ with Pride 🌈 (@StakeWithPride) May 11, 2024
Gemini’s Delay in Listing ADA
Since Gemini’s X post, the exchange has not shared any update regarding whether it plans to list ADA soon. Gemini launched in 2014 and currently ranks among the leading centralized crypto exchanges in the world.
Gemini stands as the 16th-biggest crypto exchange, with a 24-hour trading volume of $54.41 million, according to CoinMarketCap. It currently supports multiple crypto assets, including Bitcoin (BTC), Shiba Inu (SHIB), Ether (ETH), Dogecoin (DOGE), Filecoin (FIL), and Bitcoin Cash (BCH).
Despite launching as far back as 2014, Gemini has yet to list ADA, which currently ranks as the 10th-largest cryptocurrency by market cap. Gemini’s delay in listing ADA has left many Cardano community members frustrated.
The exchange has repeatedly ignored calls to list ADA without explaining its action towards Cardano. Gemini’s publication about Cardano has sparked renewed optimism within the community, with many speculating that the exchange could be on the verge of listing ADA.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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