Exchanges Pledge Support to Cardano as Vasil Date Gets Announced

Exchanges Pledge Support to Cardano as Vasil Date Gets Announced
  • Crypto exchanges such as Bitrue, BitMart, LCX, and NDAX are already Vasil-ready.
  • Other leading exchanges like Binance, OKX, MEXC, and more are starting to prepare for Vasil.
  • According to Input Output CEO Charles Hoskinson, Vasil will arrive somewhere in September.

Several crypto exchanges have already pledged their support to Cardano’s Vasil hard fork. In fact, some are already prepared once the much-awaited upgrade has arrived.

According to Cardano Daily, Bitrue, BitMart, and LCX are the exchanges that are Vasil-ready. However, other sources include NDAX, a crypto exchange platform operating in Canada.

Meanwhile, other leading exchanges such as Binance, OKX, MEXC, KuCoin, and more, have already started their preliminary preparations. 

On the other hand, Coinbase, Hotbit, XT, and PancakeSwap have yet to prepare their platform for Vasil. At least in the case of Coinbase, Cardano supporters, including some influencers, are starting to urge the exchange to prepare for Vasil.

To bring the uninitiated up to speed, Vasil is aimed at improving the user-friendliness and scalability of the Cardano blockchain. There are at least five core mechanisms that will be integrated into the network. One of these will focus on helping decentralized application (DApp) developers to enjoy simpler and faster data communication.

Charles Hoskinson, CEO of Input Output, said in a video that Vasil will finally arrive somewhere in September 2022. This is also the same month of Ethereum’s transition into Proof of Stake (PoS).

However, the price of ADA appears to be unaffected by Hoskinson’s announcement regarding Vasil deployment. At the time of writing, ADA is changing hands at $0.46, according to CoinGecko.

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Jesus covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.