ADA listing on FTX may threaten Cardano, says Ben “BitBoy” Armstrong, Charles Hoskinson replies
As it became known yesterday, one of the major crypto exchanges, FTX, is seriously considering listing ADA on the spot market. However, statements from the exchange’s chief, Sam Bankman-Fried, have raised many conflicting expectations. In particular, listing of ADA on FTX could pose a threat to Cardano. Express By Ben “Bitboy” Armstrong, a well-known crypto influencer, with whom Cardano founder Charles Hoskinson soon became involved in a discussion.
According to Armstrong, Cardano enthusiasts should be concerned that with the listing of the spot pair, FTX could make a forced liquidation of all ADA positions open with the bankrupt crypto broker Voyager, whose asset sale deal was approved in favor of FTX. In opposition to him, Charles Hoskinson believes that his understanding is that if FTX includes ADA in its quotation lists, then ADA accounts on Voyager should not be liquidated.
Still, it seems the Cardano founder doesn’t have much faith when he says he will be furious if this happens. Banksman-Fried himself has yet to comment on the situation.
FTX and ADA
The final outcome of FTX’s acquisition of Voyager will be known at the end of November, after a vote by creditors passes.
ADA remains the only top cryptocurrency not listed on the exchange as of now, which, according to the founder, was due to technical specifications. At the same time, the fears of some Cardano investors are understandable, given the rumors about FTX and the fact that the price of ADA is already on the floor.
