Charles Hoskinson: “It’s good that ADA is not registered on Gemini”

Cardano founder Charles Hoskinson shared his thoughts on the lack of trading pairs with the ADA coin on the Gemini cryptocurrency exchange. Charles Hoskinson posted an audio recording on Twitter in which he noted that over 110 coins are traded on the Gemini platform, whose market capitalization is much lower compared to Cardano, which is not listed on the exchange.. However, Hoskinson does not object to this and is even glad that the situation is developing this way. He mentioned the problems with the Gemini Earn program, which was launched by the exchange in partnership with the Genesis lending platform.. This program allowed Gemini clients to earn 7.4% per annum on their deposits.. However, in November, Gemini suspended withdrawals by freezing Gemini Earn funds.. According to media reports, Genesis owes about $900 million to the exchange. The founder of Cardano noted that the bankrupt exchange FTX also did not list ADA. The exchange planned to add this cryptocurrency for trading about a month before its collapse.. This means that not a single ADA coin was lost or locked up on FTX when it filed for bankruptcy. “We are still not registered on Gemini. But it's even good, because FTX also did not include us in their list, ”said Hoskinson. ADA now has a market capitalization of $9.1 billion, making it one of the top 10 cryptocurrencies dominating the market.. Last week, on December 20, as bears increased pressure on the cryptocurrency market, ADA rushed down following Bitcoin and Ethereum, reaching $0.2489. However, now the rate has recovered to $0.2665. Last year, Hoskinson suggested that the ADA is unlikely to ever become an international currency for exchange, savings and monetary settlement.