Coinbase Pro, Coinbase’s platform for experienced and professional traders, announced around 17:00 UTC on Tuesday (March 16) that it will soon be listing Cardano’s ADA token.

According to Coinbase’s blog post, Coinbase has already stated accepting inbound transfers of ADA to Coinbase Pro, with trading due to begin on or after 16:00 UTC on Thursday, March 18, providing that “liquidity conditions are met.”

According to data by TradingView, on crypto exchange Kraken, around 17:39 UTC (about 38 minutes after Coinbase’s announcement came out), the price of Cardano’s ADA token reached 1.2800, which is currently its intraday high and the highest it has been since March 2.

Per data by CryptoCompare, currently (as of 18:05 UTC), ADA is trading around $1.200, up 5.38% in the past 24-hour period. In the year-to-date (YTD) period, ADA is up 560.42%.

Crypto analyst Michaël van de Poppe had this to say about Cardano’s price action:

Shortly after Coinbase’s announcement, Charles Hoskinson, the CEO of IOHK, “welcomed Coinbase to the Cardano family.”

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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.