Tyler Winklevoss, co-founder of Gemini, has hinted that the cryptocurrency exchange may soon add Cardano (ADA) to its platform. His comment was made in response to a query from Cardano’s founder, Charles Hoskinson, on X (formerly Twitter), sparking speculation about Gemini expanding its asset offerings.
Trump’s Digital Asset Reserve Raises Questions
The discussion surrounding ADA’s potential listing coincides with a controversial announcement by former U.S. President Donald Trump. He revealed plans to create a Strategic Reserve for digital assets, naming ADA, XRP, and SOL as key components.
This move has divided opinions within the crypto space. Many Bitcoin advocates have questioned why BTC was not included, arguing that it should be the primary reserve asset. Others have raised concerns about XRP, ADA, and SOL, citing regulatory uncertainty and market volatility as potential risks.
Following the announcement, the prices of ADA, XRP, and SOL briefly surged, only to pull back as investor sentiment became more cautious.
Gemini’s Independent Evaluation of ADA
Although Winklevoss acknowledged ADA as a strong candidate for listing, he made it clear that Gemini’s decision is independent of Trump’s Strategic Reserve initiative. He emphasized that the exchange assesses assets based on their market strength and demand, not political endorsements.
Despite growing anticipation, Gemini has not yet confirmed an official listing date for ADA. However, Winklevoss’s comments indicate that the exchange is actively reviewing the possibility.
What to Expect Moving Forward
With the crypto market closely watching both Gemini’s decision and Trump’s reserve proposal, the outcome could have a significant impact on ADA’s liquidity and adoption. If listed, Gemini could provide greater accessibility to ADA traders, potentially influencing its market trajectory in the months ahead.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.