Lykke Corp, a Switzerland-based FinTech firm that owns and runs the Lykke Wallet cryptocurrency exchange, announced the listing of Cardano's $ADA token on Tuesday (September 28).
Lykke Wallet, according to the company's press release, is "a commission-free cryptocurrency exchange combined with a cryptocurrency wallet" that "allows users to purchase and sell cryptocurrencies, such as ADA, with no trading costs and low spreads." Lykke Wallet is accessible on both the web and mobile platforms (with apps for both Android and iOS).
Cardano-based trade pairings ADA / BTC, ADA / CHF, ADA / ETH, ADA / EUR, ADA / GBP, and ADA / USD seem to be accessible.
Lykke's CEO, Richard Olsen, had this to say:
“The ADA listing is a significant step forward for our community, since we can now exchange ADA for free. Cardano's dedication to scientific rigor and excellence inspires us. The listing lays the groundwork for a broader collaboration that will benefit the larger community by allowing blockchain and smart contracts to fully realize their promise to democratize finance.“
The Cardano Foundation's CEO, Frederik Gregaard, added:
“This listing on Lykke, which will provide its user base access to ADA for the first time, is a major step forward in Cardano's growth. Users may leverage liquidity and move easily between fiat and crypto ecosystems thanks to capital bridges and the entrance of conventional market makers into the crypto sector. It also helps to strengthen our fledgling ecosystem while also enriching the larger blockchain community.“
The news release goes on to describe how consumers may purchase $ADA for free:
“To trade Cardano's ADA for free at Lykke Wallet, customers must register and complete a short KYC-verification procedure. A free crypto app, an online trading terminal, and a fiat gateway for Euro, CHF, and GBP are all available on the platform. Lykke will pay the deposit charge (but not the correspondent bank's costs, if any) if you deposit fiat through bank transfer. You may swap your money to ADA without incurring any trading costs after they have been deposited to your Lykke Wallet account.“
$ADA is now trading at $2.0419 on crypto market Kraken, according to TradingView data (as of 18:45 UTC on September 29).
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