Earlier today, Sebastien Guillemot, CTO at dcSpark, as well as former Co-VP of Eng. & Cardano PM at EMURGO, said that $ADA has finally been approved for listing on a Japanese crypto exchange and explained why this is a big deal.

According to Guillemot, it is not easy for cryptoassets to gain regulatory approval for the purpose of getting listed on crypto exchanges and that is why only a relatively tiny number of cryptoassets have been approved so far (e.g. Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, Basic Attention Token, Stellar, NEM, Tezos, and Polkadot).

He went on to say that this news is pretty significant for the Japanese market and its importance is roughly equivalent to $ADA finally getting listed on Coinbase in March.

Japanese crypto exchange BITPoint announced on its website today (August 3) that $ADA is currently scheduled to be listed on its platform in late August.

As for the Cardano project, BITPoint said that “because it is designed with high scalability, it is expected that many DApps (distributed applications) will be developed and used by the introduction of smart contract technology that will be implemented in the future, and further growth of the ecosystem and protocol will be achieved.”

A short time ago, EMURGO tweeted:


The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.