Bitstamp listing did not compensate for eToro delisting, raising concerns over possible regulatory issues
Cardano, one of the top cryptocurrencies by market capitalization, has launched on the Bitstamp exchange.
Traders can now place limit orders, the stock market announced wednesday. Transfers were activated earlier today.
The Luxemburg-based exchange initially announced the listing on Nov. 18.
Despite the news from Bitstamp, Cardano is under strong selling pressure, losing more than 7% since the start of the day.
At press time, it is the biggest laggard within the top 10. Meme cryptocurrency Dogecoin comes in second place with a 5% drop.
On September 23, Israeli brokerage firm eToro announced that it would ban trading in Cardano and Tron to its US-based users on November 23.
This prompted speculation about these two cryptocurrencies potentially facing regulatory scrutiny.
Input Output CEO Charles Hoskinson attributed the delisting to lack of regulatory clarity in the United States in his recent tweet.
At the beginning of the year, virtually all major exchanges moved to suspend XRP trading in the U.S. after the U.S. Securities and Exchange Commission sued Ripple.
