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Sam Bankman-Fried, the founder of FTX and a crypto billionaire, has provided an update regarding Cardano's (ADA) FTX listing

Gus - Cryptocurrency Enthusiast

He has suggested that Cardano (ADA) may soon receive its spot listing. FTX to List Cardano, the Altcoin is now the only top 25 cryptocurrency without a place listing (ADA).

An avid cryptocurrency user complained on Twitter that FTX has so far declined to add Cardano's native ADA token to its list of tradable coins, claiming that the exchange sees Cardano "as a danger to everything FTX wants to control."

Sam Bankman-Fried, CEO of FTX, refuted the claims and said he was willing to place a wager that ADA would list on the platform soon. Additionally, the billionaire stated that spot ADA is "on our plan." Bankman-Fried clarified that the absence of ADA was not a deliberate slight and that it was more of a logistical issue than anything else, according to SBF's tweet. Before making any modifications, the exchange must "still make sure we have adequate Cardano validator parsing for deposits/withdrawals," according to the FTX CEO.

Will the listing be advantageous to ADA?

Sentiment, a cryptocurrency market investment analytics company, recently highlighted the fact that ADA is substantially undervalued and that its trading cryptocurrency price has been progressively falling through its descending resistance line since August 2021 by citing its MVRV-Z-Score. Although it is unknown when FTX will finally commit to introducing support for ADA spot trading, based on Bankman-comments, Fried's it may be within the next three months. The listing might provide the floundering ADA a big boost.

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