Robinhood strives to provide transfers for Cardano (ADA) and all other crypto assets on its platform

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Retail giant Robinhood is working to enable external transfers for Ethereum (ETH) competitor Cardano (ADA).

The company, which cited customer demand as the reason for listing the ADA earlier this month, is listening again to a customer request on Twitter to be able to transfer Cardano.

Said the company in response,

“While you cannot transfer ADA to or from yet, we are working to make it available to all assets on our Robinhood Crypto platform. We’re here if you have any additional questions.

Robinhood first spear crypto transfers in and out of its platform in July. The trading giant has had a tough year, laying off 9% of its staff in April and 23% of its workforce in August.

Cardano is a scalable decentralized blockchain. Ethereum competitor will launch its long-awaited Vasil hard fork upgrade on September 22, according to Cardano developer Input Output Hong Kong (IOHK).

IOHK claims that the Vasil hard fork is Cardano’s “most significant” upgrade to date, as it will significantly increase the capacity of the blockchain network and reduce transaction costs. The company also notes that Vasil will improve Plutus, Cardano’s smart contract mechanism.

ADA is trading at $0.52 at the time of writing. The 8th-largest crypto asset by market capitalization is up over 8% in the past 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/gonin

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