Cardano (ADA), the emerging smart contract platform, continues to gain much-needed attention within and without the cryptocurrency community, thanks to the steady growth of its ecosystem.
According to a recent report, Bloomberg has just added Cardano (ADA) to its terminal that contains various assets for professional traders and investors.
A crypto enthusiast identified as Jérôme S. called the attention of the cryptocurrency community to the new development.
Captioning screenshot of the listed Cardano (ADA), Jérôme S. tweeted, “Cardano was just added to Bloomberg Terminal.”
— Jérôme S. 🇫🇷 (@CryptoJeromeFR) March 14, 2021
What is the Significance of Bloomberg Terminal to Cardano (ADA)?
The Bloomberg Terminal is an application provided by the financial data vendor, Bloomberg L.P., which enables professional traders and investors in the financial sector and other industries to access Bloomberg professional services, whereby users can monitor and analyze real-time financial market data, and place trades on the electronic trading platform.
Considering the class of Bloomberg in the global financial market and the purpose for which this tool is created, it’s expected to expose Cardano (ADA) to a large community of professional traders and investors, which is good for the continued growth of the ecosystem.
Alonzo Hard-Fork Will Bring Smart Contract to Cardano Blockchain
According to a popular Cardano stake pool operator, Cardanian.io, Alonzo Hard Fork will bring smart contracts to the Cardano blockchain.
Cardanian.io pointed out that this event is likely the most expected in the cryptocurrency ecosystem. This will also set Cardano to advance into the decentralized finance (DeFi) industry, which will in turn bring financial services to those that are yearning for it.
Cardanian.io noted, “Alonzo hard-fork will bring smart contracts to Cardano. It is probably the most expected event in the crypto space. Cardano will be fully prepared to step in DeFi and it will bring financial services to people that need it the most.”