The long wait is over now. Cardano lists Japan-based ADA holders. Japan is one of the first countries to hold crypto assets and one of the largest markets by crypto trading volumes in the world. In 2021, Coinbase officially registered in the Japanese crypto market after registering with the Financial Services Agency (FSA).
Coinbase Japan has listed Cardano (ADA) just a week after announcing support for Avalanche (AVAX). Now, Japanese users can trade Cardano on the mobile app or the desktop version of the exchange.
A Cardano wallet is used to send, receive, store, and manage Cardano cryptocurrency assets. The top five best wallets available for Cardano for safe transactions are
- Binance
- Ledger Nano
- Cex.io
- Coinbase
- Kraken
- Gemini
Cardano faced a huge loss in its total stake value at the start of the year. Cardano has suffered a 76% loss on its proof-of-stake blockchain over the last eight months. As per the report, Cardano is showing a continuous decline in its Total Value Lock (TVL). Cardano TVL is currently valued at $76.66 million (USD). It shows a decline rate of 76.49% from $326 million in March 2022.
The founder of Cardano, Charlies Hokinson, came up with another creative idea that supports the growth of the DeFi blockchain system and upcoming challenges in cryptocurrency. Hoskinson shared his perspective on the new version of the certified Cardano wallet.
In an interview, he stated that Cardano wants to get rid of the old version of the original wallet. Instead, he wants a wallet with certain types of regulations and guidelines that allow the developers to create certified wallets.
As per the official reports, “Cardano was positioned in 26th place in the ranking of brand intimacy in 2022 by the highest MLBM. It is in the leading position in the cryptocurrency sector. IOHX has collaborated with many institutions to research blockchain technology, and it helped the University of Edinburgh to open a blockchain laboratory in 2017. In 2020, it helped the University of Wyoming by granting $5 million (USD) to develop blockchain technology.”
Cardano made a lot of changes on the platform to decrease cost, to bring smart contract enhancements, and to resolve the issues facing cryptocurrency by using the decentralized block chain system. Cardano utilizes a lower amount of energy than any other major cryptocurrencies it made Cardano as eco friendly crypto.
The Top Five Eco-Friendly Crypto Platforms
- Dash 2 Trade
- Calvaria
- IMPT.io
- RobotEra
- Ripple
Source: https://www.thecoinrepublic.com/2022/11/23/japanese-cryptocurrency-traders-can-now-trade-cardano-on-their-mobile-app/