Lykke, Swiss-Based Crypto Exchange, Lists Cardano's Cryptocurrency ADA for Trading With Zero Fees
The listing makes it possible to buy Cardano's ADA without paying fees. The listing announcement follows the Cardano Blockchain Summit successfully held in a number of global locations on September 25-26th, 2021.
By: Lykke Corp
Lykke Wallet stands out on the market for having a commission-independent business model, which makes it possible to buy and sell cryptocurrencies with no trading fees and low spreads. Lykke's vision and goals are nourished by scientific research in economics and high-frequency finance. The latter is also the basis for the exchange's zero fee policy, which allows both retail and API traders or investors to trade or buy ADA with no fees.
Cardano is a third-generation blockchain that aims at supporting Dapps, running smart contracts, and providing conditions for better governance. The development of the blockchain follows a roadmap divided into stages, or "eras", named after famous historical figures. Cardano has just entered a new stage of development, in which the smart contract functionality will be supported. It is a proof-of-stake blockchain, which runs on the Ouroboros consensus protocol developed by the Cardano researchers. Indeed, the Cardano blockchain is considered to be the first one informed by academic research.
"The ADA listing is a major milestone for our community that now can trade ADA for free. We are inspired by Cardano's commitment to scientific rigor and excellence. The listing sets the foundation for a deeper partnership that can serve the bigger community to unlock the full potential of blockchain and smart contracts to democratize finance", said Richard Olsen, Lykke's CEO.
Frederik Gregaard, CEO of the Cardano Foundation, said, "This listing on Lykke, which will allow its user base to access ADA for the first time, marks another significant milestone in the development of Cardano. Capital bridges and the entry of traditional market makers into the crypto space allows users to leverage liquidity and move seamlessly between fiat and crypto ecosystems. It also serves to both empower our nascent ecosystem and enrich the wider blockchain space."
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How to buy ADA without fees
To trade Cardano's ADA for free at Lykke Wallet crypto exchange the users have to onboard and pass a simple KYC-verification process. The venue offers a free crypto app, a web trading terminal, and a fiat gateway for Euro, CHF, and GBP. Depositing by bank transfer is free. After your funds have been credited to your Lykke Wallet account, you can exchange them to ADA without trading fees. Find out more and get registered: www.lykke.com/