Japanese professional-oriented cryptocurrency trading platform Bitpoint Pro has added support for Cardano (ADA)
Bitpoint Pro, the professional arm of Japanese crypto-to-fiat exchange, has announced that the Cardano (ADA) cryptocurrency is available for trading starting Thursday.
The Tokyo-based trading platform originally announced the listing on January 27.
Bitpoint became the first Japanese exchange to list ADA, as reported by U.Today. Local crypto trading platforms are hesitant to add new coins due to stringent regulatory requirements.
In addition to ADA, Bitpoint Pro supports only seven cryptocurrencies, including Basic Attention Token (BAT) and Tron (TRX).
After Cardano’s trading debut in Japan was perceived as a big deal by the community, Input Output CEO Charles Hoskinson posted a haiku poem by Matsuo Basho. Notably, the current phase of the Cardano roadmap, which focuses on developing scaling solutions, was named after the most famous Japanese poet.The proof-of-stake project was originally known as “Japanese Ethereum” because about 90% of the investors participating in the initial coin offering (ICO) came from the country of the rising sun.
Last October, Nikkei reported that ADA traders were being investigated for tax evasion by Japanese authorities.