Cardano’s ADA Is Now Tradable on Coinbase

The San Francisco-based crypto exchange announced the listing Friday:

ADA is currently the third-largest cryptocurrency, with a market capitalization of $41.9 billion, according to CoinGecko.

Fans of the ADA token have long clamored for a Coinbase listing. The coin is up roughly 3% in the past hour, trading hands at $1.30.

“This marks another significant milestone in the development of Cardano, allowing Coinbase’s extensive user base to access ADA for the first time,” Cardano founder Charles Hoskinson, CEO of IOHK, said in a statement.

Update (March 20, 21:48 UTC): Adds comment from Cardano’s Charles Hoskinson.