Cardano (ADA) recently achieved another win in its longstanding winning repertoire. Cardano’s native token, ADA, has now been approved for listing in Japan, which is one of the strictest listing requirements in the world. Few coins are approved for listing on Japanese exchanges, and ADA is just one of them.
Japan has been friendly to cryptocurrencies from the start. However, this doesn’t mean they have lenient laws about cryptocurrency. The coins listed on Japanese exchanges are carefully scrutinized to ensure that they are good projects for their citizens. This means that the ADA’s approval now makes the coin more valuable.
Sebastien Guillemot, CTO and co-founder of dcSpark, posted the news on his Twitter profile and outlined Japan’s extremely strict rules for listing on crypto exchanges.
Cardano (ADA) Joins Cryptos Allowed to Be Traded on Japanese Exchanges
Such a list will not always appear. Cardano (ADA) has now joined the series of Bitcoin, Ethereum and Litecoin as one of the tokens that are allowed to be traded on Japanese exchanges. In the future development of Cardano (ADA), the importance of this list cannot be emphasized enough.
Guillemot added another tweet, comparing Japan’s approval with the March listing of digital assets on Coinbase by the Japanese crypto community. Because while listing on Coinbase is big news for other markets, Japanese users are still largely isolated from it. Due to the country’s strict regulations on cryptocurrencies.
Although Cardano ICO was held primarily in Japan in 2015, the asset has never been listed on a Japanese exchange before. This opened up access to Cardano (ADA) to a wider customer base that was previously cut off from the market. The listing will allow Japanese investors to eventually buy Cardano (ADA) on the domestic exchange.