Sam Bankman-Fried, the founder of FTX, suggested in a tweet on October 23 that the platform would eventually include Cardano (ADA) for spot trading.
FTX one of the largest exchanges in the world won't list ADA because they view Cardano as a threat to everything they want to control. The reason that they hate Cardano is the same reason why I love Cardano and will always be involved in the community! Cardano is freedom🏄
— Lucid (@LucidCiC) October 23, 2022
He responded to an investor of Cardano who claimed FTX had declined to add the cryptocurrency as it posed a danger to everything the exchange sought to oversee.
The exchange, according to Bankman-Fried, did not purposefully refrain from listing Cardano (ADA). He asserted that the exchange had chosen not to publish the token as it was simpler to list coins on the networks it currently supported, using ERC-20 tokens as an illustration.
Well before the exchange would list Cardano (ADA), he added, it would require a competent Cardano validator parser for conducting deposits/withdrawals accordingly.
In response to questions from the public on when the exchange would list Cardano (ADA), Sam Bankman-Fried challenged anyone who believed he was dishonest to place a wager on if FTX might list spot Cardano (ADA) within the three months to follow.
Many Cardano (ADA) investors disputed Bankman-Fried, stating that it was unlikely that the exchange will list Cardano (ADA) in light of the numerous times he has mentioned it.
Investors were alerted to a Business Insider interview conducted in September of last year with the founder of FTX, in which the crypto tycoon mentioned Cardano as one of the important blockchains his platform would include.
In addition, several Cardano (ADA) proponents claimed that FTX posted a Cardano (ADA)perpetual contract in order to manipulate the market and short the coin.
On another note, despite not having an FTX listing, the crypto community has been very supportive of Cardano (ADA). In a poll conducted in January by the co-founder of Ethereum, Vitalik Buterin, asking which cryptocurrency the Ethereum (ETH) community would choose if Ethereum (ETH) were not around, Cardano (ADA) received the largest number of votes, outpacing the USD, Solana (SOL), and even the flagship cryptocurrency, Bitcoin (BTC).
Poll for Ethereum community. You wake up in 2035, and 80% of all transactions + savings in the world are in one currency that is not ETH. Which would you prefer it to be?
— vitalik.eth (@VitalikButerin) January 13, 2022
The price of the crypto asset has not yet benefited from the strong community support, though. Cardano (ADA) is currently worth less than $1 and has lost more than 20% of its worth over the past month.
Cardano (ADA) is hovering around $0.36, having increased by almost 4% over the 24-hour period.