Webull adds Cardano (ADA) as cryptocurrency asset

Webull adds Cardano (ADA) as cryptocurrency asset

The stock and cryptocurrency trading app Webull is now allowing users to buy and sell Cardano (ADA).

“Cardano (ADA) is the latest addition to the list of digital currencies you can trade with Webull Crypto,” the company recently announced.

Cardano Upcoming Alonzo Update
Cardano Upcoming Alonzo Update

Webull lets you buy and sell popular cryptocurrencies. In addition to ADA, they currently support Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Zcash (ZEC), and Stellar (XLM).

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Like its rival Robinhood, Webull is a commission-free app. The app lets you trade cryptocurrencies 24/7.

What is Cardano?

ADA is an open-source and decentralized blockchain. Consensus is achieved using proof of stake as opposed to Bitcoin’s energy-intensive proof of work. Coin holders can “stake” the asset and receive rewards in return.

Can you stake Cardano on Webull?

Unfortunately, Webull does not currently support staking.

What is Cardano worth?

According to data from Coindesk, Cardano is trading at $1.35 at the time of publication. It is up just over 1 percent in the past 24 hours. The cryptocurrency has a $43.56 billion market cap. It is the fifth-largest cryptocurrency.

This article is for informational and entertainment purposes only. It is not financial advice. Cryptocurrencies are high-risk and volatile investments. Consult a financial advisor and tax professional before trading.

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