Coin News

Update On Cardano From FTX CEO Causes Frustration Following MASK Listing

3 Nov, 20222 min readAltcoins
Update On Cardano From FTX CEO Causes Frustration Following MASK Listing

The founder and CEO of major crypto exchange FTX, Sam Bankman-Fried, has once again triggered the Cardano community. This time the occasion was the crypto entrepreneur's response to the accusation that FTX is listing all random tokens that involve entities affiliated with the exchange and Bankman-Fried, but are still unable to launch spot trading on ADA.

working on ADA! It's a new blockchain which takes some time to implement but we'll be there soon— SBF (@SBF_FTX) November 2, 2022

Responding to the accusations, SBF said that work on ADA is going on right now, but it is complicated by the fact that the implementation of the new blockchain is taking longer. The reaction to the word "new," given that Cardano is five years old, was not long in coming when the head of FTX corrected himself by saying he meant one that is not yet on the exchange.

The long-awaited introduction of the Cardano spot pair (ADA) on FTX was announced in late October by the exchange's head himself. At the same time, some prominent figures in the crypto space expressed concerns about the possible consequences of this listing.

MASK pumps on FTX listing

The token touched on in the question addressed to SBF was probably MASK from Mask Network. The cryptocurrency was listed on FTX on Nov. 2 on the spot and futures markets, with the announcement occurring only hours before the event itself.

Remarkably, since the same date, MASK's price has pumped by 143%, with most of the increase coming in the period following the announcement of the listing of FTX.

Source

Subscribe to get our top stories

Coin News
App StoreApp Store