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Trading App Giant Robinhood Launches Support for Ethereum Rival Cardano (ADA) Ahead of Network Updates

Retail giant Robinhood is kicking off the new month by adding a top 10 crypto asset to its trading list.

In a new announcement via Twitter, the company says that Cardano Scalable Decentralized Blockchain (ADA), driven by customer demand, is now available on the Robinhood platform.

Cardano is a competitor to Ethereum (ETH), and this month both projects will institute major network upgrades.

Earlier this week, Cardano creator Bob Hoskinson provided an update on the long-awaited Vasil hard fork, saying that developers are making steady progress towards the event that should take place in the coming weeks.

“Things are moving very fast. The community is still doing extensive testing and so are we. There is a lot of integration work going on behind the scenes, so all of this infrastructure is looking good.

Sometime in September is what it looks like, unless something is discovered or we have a substantial slowdown somewhere.”

The Ethereum Foundation also announced last week an updated timeline for the Proof-of-Work (PoW) to Proof-of-Stake (PoS) Consensus Engine project merger, starting with the Bellatrix update on September 6, followed by the transition formal Sometime between September 10 and 20.

Cardano experienced a week of price fluctuation, falling 1.74% to trade at $0.44 at the time of writing.

Ethereum is also in the red at 1.31% and is currently changing hands at $1,536.

While Robinhood continues to add new digital assets to its trading platform, the company has suffered from the negative effects of the long cryptocurrency bear market and in early August laid off 23% of its workforce.

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