Cardano (ADA) fans are wondering why FTX, one of the largest cryptocurrency exchanges in the world, is still not selling an ADA. One fan even accuses FTX of not listing ADA because the crypto is allegedly a threat to the stock market.
Sam Bankman-Fried, the controversial CEO of FTX, of course denies the allegations. In fact, he hints that listing ADA on the FTX spot exchange is on the roadmap:
definitely not the case!
we have https://t.co/mST1XOz1mv listed internationally; adding spot ADA too is on our roadmap
— SBF (@SBF_FTX) October 23, 2022
Cardano community remains skeptical
SBF adds that it is not intentional for the exchange to wait so long before listing ADA. He says FTX has yet to make sure it’s a good Cardano validator parsing has for deposits and withdrawals.
Still, the Cardano community is very sceptical. SBF reportedly hinted at a possible listing of ADA a year ago. They find it striking that the new aptos (APT), which only launched last week, is already listed.
SBF challenges ADA fans with bet
So SBF challenges Cardano fans: do they dare to bet with the CEO that FTX will list ADA on the spot exchange within the next three months?
hm if you think I’m lying would you take a 1:1 bet on whether FTX lists ADA spot within the next 3 months? You can choose the size?
— SBF (@SBF_FTX) October 24, 2022
So far, no bet seems to have actually been settled. Whether SBF keeps its word, of course, remains to be seen. However, it seems unlikely that he is making these statements without any plans.
ADA price has a difficult year
Despite the great support from the Cardano community, the ADA price has had to take a lot of blows this year. However, this also applies to competitor solana (SOL), which does have support from FTX. Both ADA and SOL are both over 88% below their all time highs from last year. However, that also applies to many other cryptos this year.
According to analytics firm Santiment, ADA is “undervalued” and the price could “double soon.” That too should be within three months.