Cardano's Absence on Gemini: A Positive Perspective

Cardano's Exclusion from Gemini

Cardano (ADA) has not been listed on the Gemini crypto exchange, a move that some view as advantageous. Despite being omitted from Coinbase’s “2023 Crypto Market Outlook” and facing similar exclusion from Gemini, Charles Hoskinson, CEO of Cardano, suggests this could be beneficial. He notes that ADA was also not listed on FTX, an exchange that faced significant turmoil.

The FTX Connection

FTX's collapse occurred just before it could list ADA, despite intentions to do so. Sam Bankman-Fried, the founder of FTX, had previously indicated plans to add ADA to the exchange, but these plans never materialized. The absence from FTX may have shielded Cardano from potential fallout associated with its collapse.

Gemini and the Genesis Drama

Gemini is currently dealing with financial complications related to the Genesis crypto lender, which reportedly owes Gemini $900 million. This financial strain might have influenced Gemini's decision-making regarding new listings, including ADA.

Hoskinson's Defense of Cardano

Charles Hoskinson remains optimistic about Cardano's future. He defends the platform against criticisms and falsehoods regarding its development activity. His positive outlook suggests confidence in Cardano’s ongoing progress and resilience in the face of industry challenges.

Cardano's exclusion from major exchanges like Gemini and FTX may be viewed through a lens of potential opportunity, rather than a setback. The focus remains on Cardano's growth and sustainability in the evolving crypto landscape.