Coinbase rival Robinhood plans to allow external transfer for Cardano (ADA)


The United States-based crypto & stock platform Robinhood may unlock crypto transfer feature for all crypto assets to deal with the crypto ecosystem easily.

Robinhood is a Nasdaq-listed crypto exchange, which was initially established as a stock broker platform but now this exchange is a popular crypto trade platform. In the last year, exchange mainly focused on working on a better ecosystem & enhancing the user experience for the crypto traders on its platform. 

Just a few days ago, a Cardano (ADA) lover urged the Robinhood exchange to allow the transfer (receive & withdraw) of ADA coins.

Coinbase’s rival Robinhood team responded and confirmed that ADA can’t be withdrawn or transferred from the platform for now but soon not only ADA but all other crypto assets available on the platform will be allowed to deposit & withdraw.

Before July of this year, Robinhood was not allowing users to withdraw or deposit the crypto funds from other third parties or wallets but on 7 July exchange enabled the withdrawal feature for all the crypto assetsl on the platform but at that time only a limited number of crypto assets were listed on the exchange.

Cardano (ADA) 

Cardano is popularly known as an Ethereum blockchain rival because it is based on modern Proof-of-stake Consensus and also it is a highly scalable blockchain network.

At present, the developer of the Cardano blockchain are working to introduce Vasil Hardfork in the Cardano mainnet blockchain, to introduce high-scale efficiency in the network & also allow transactions at a very low cost.

Vasil Hardfork will be introduced in the Cardano Blockchain by 22 September.

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