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Designed by engineers who developed Ethereum (ETH). Send and receive funds instantly. Learn how to invest in Cardano (ADA) and start trading with ATFX today.
ATFX charges no commission on Cardano CFDs trading, and no bank fees for deposits and withdrawals from your ATFX account, dramatically improving the bottom line for Cardano traders.
Trade Cardano CFDs 24 hours a day, five days a week with the ability to open and close positions as you see fit with ATFX, your preferred Cardano broker.
Trade the ups and downs of Cardano with our CFDs.
With ATFX you don’t own the actual cryptocurrency, but you still gain exposure to Cardano’s price changes, and you only need to have 50% of the position value as margin. This also means that any profits or losses will be magnified and it is important that you understand the risks involved.
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Charles Hoskinson laid the foundation for Cardano in 2015. He was also one of the eight co-founders of Ethereum but had to leave after a disagreement regarding the project’s vision. To support Cardano’s early development, Charles founded Input Output (IOHK) with Jeremy Wood. IOHK is based in the USA but has subsidiaries in different parts of the world. A for-profit organisation called EMURGO works closely with IOHK to grow and expand the Cardano ecosystem. Both of these organisations collaborate with the Swiss non-profit organisation known as the Cardano Foundation to develop the Cardano blockchain.
Cardano raised around $63 million via its 4-staged ICO that started in September 2015 and ended in January 2017. During this phase, 26,000,000,000 ADA tokens out of the maximum supply of 45,000,000,000 were sold. Therefore, the average ADA token price during the ICO was $0.00242.
Before asking how to invest in Cardano, you must understand the project. Cardano is a decentralised open-source blockchain network with a Proof-of-Stake consensus mechanism. ADA is the native token of the Cardano blockchain that can be staked on the network and provides its holders with voting rights. Cardano mining is impossible as it is not a Proof-of-Work blockchain like Bitcoin. However, ADA holders can stake their coins on the network to gain around 5% APY. In this way, Cardano staking allows the community to earn passive income from their holdings.
The development of the Cardano blockchain has been relatively slow compared to other smart contract platforms. This is because Cardano has taken a research-oriented approach to achieve the perfect balance of speed, scalability, and security. As per the official IOHK website, 134 research papers on Cardano have been published since its inception.
The network architecture of Cardano is based on two separate layers. These layers are called the Settlement Layer (SL) and the Computation Layer (CL). Cardano’s unique architecture allows developers to optimise both layers independently, providing much better efficiency and scalability. As the name suggests, the Settlement Layer keeps track of the value of transactions and validates them; hence, it acts as the network’s currency layer. This layer supports two sets of scripting languages and utilises Proof-of-Stake consensus algorithms. It also allows users to issue numerous assets on top of it.
Cardano built the Computation Layer specifically to handle smart contracts. It is the layer used for all the decentralised applications built on the Cardano blockchain. The layer includes Plutus, an execution platform and a smart contract language based on Haskell. The Marlowe feature of this layer allows anyone with no prior understanding to deploy smart contracts using its domain-specific language (DSL).
In 2017, ADA proved to be one of the most lucrative investments. Cardano began trading on exchanges in September 2021. By October, it was already trading at $0.02, generating 8 times the returns for the ICO investors. This made ADA one of the most sought-after cryptocurrencies right from its early days. The project’s massive fan base also initiated Cardano vs Ethereum debates which are still hot topics today. If you are interested in buying ADA and are wondering ‘how to invest in Cardano’, worry not because we have you covered.
As with most cryptocurrencies, we have observed a direct correlation between Cardano and Bitcoin prices. The correlation became evident when the Bitcoin price soared to record highs in 2017. The massive influx of retail investors into crypto pushed the BTC price to $20,000 in December 2017. Since most cryptocurrencies were paired against Bitcoin on crypto exchanges, their prices also went ballistic. On January 4th 2018, the ADA price peaked at a whopping $1.038, a 432,000% gain from its ICO price.
The chart above shows the correlation between ADA and BTC Kraken prices in 2017-2018. As the Bitcoin price entered a bear market, the ADA price also fell sharply. Consequently, Cardano has been in a severe downtrend in the following years as many early investors cashed out.
As per the stats from Intotheblock, the correlation factor between the Cardano and Bitcoin price is 0.97 based on the last 30 days’ price action.
By February 2020, ADA was trading at $0.07. Shortly afterwards, the global markets crashed due to fears of the coronavirus pandemic that triggered lockdowns globally. As a result, ADA prices crashed, hitting a record low of 0.0192 in March 2020. The move showed that the Cardano price was equally susceptible to global economic uncertainty just like any other asset. As the equities and traditional financial markets started recovering in the 2nd half of 2020, the ADA token also followed the trend.
In the fall of 2020, Bitcoin prices started soaring once again. BTC surged past $20,000 in December 2020 and kept rallying to print new all-time highs. In addition to the retail investors, many institutions entered the crypto industry. The influx of new participants provided markets with plenty of capital, and crypto prices surged to record highs. Cardano also hit a new all-time high of $2.465 in May 2021, generating life-changing returns of 12,900%. However, ADA faced intense selling pressure; hence, its prices failed to hold their new levels. One major factor behind the ADA sell-off was the low network activity and the absence of decentralised applications.
Cardano’s price soared to a new all-time high of $3.09 in September 2021 in anticipation of the Alonzo Hardfork. The Alonzo update added smart contract functionality to the network. After the upgrade, a classic ‘sell the news’ pattern was observed in ADA charts as ADA prices fell. At the time of writing, Cardano was trading at $0.91 and is down 68.7% from its September 2021 all-time high.
The circulating supply of ADA coins plays a crucial role in its price action. Cardano has a maximum supply of 45,000,000,000 coins, out of which 32,066,390,668 are in circulation. This makes it the 9th biggest cryptocurrency with a market cap of $30.4 billion.
If you’re asking ‘how to invest in Cardano’, there are several ways to trade by which you can gain exposure to ADA. These include buying on the spot market, trading futures contracts and CFDs. If you’re a trader and want exposure to the volatility of ADA’s price action, then trading ADA CFDs could be a great option.
CFDs or contracts for difference allow you to increase your position size with very little capital outlay, known as ‘margin’. When trading CFDs, you don’t own cryptocurrencies. Instead, you speculate on the direction in which the crypto prices are heading. Hence, CFDs are ideal for investors with low initial capital. Another benefit of leveraged products like cryptocurrency CFDs is that you don’t have to hold or manage the assets on the blockchain.
Cardano is a smart contracts platform. It is a decentralised open-source blockchain network that utilises a Proof-of-Stake consensus mechanism.
Cardano prices follow Bitcoin’s price action most of the time. However, major network upgrades and significant news events can also affect its prices.
You can trade Cardano with a reliable CFDs broker like ATFX. You can also buy it on the spot market from crypto exchanges like Binance, Coinbase, and Kraken.
The best way to gain exposure to Cardano is by trading CFDs. This is because they allow you to hold a much bigger position with just a fraction of capital through what is known as ‘margin’.
There are no minimum requirements. You can invest as low as $10 on most spot exchanges. You can increase your position size by trading CFDs as well.
Cardano was created to solve the speed, scalability and security issues that most other blockchains face these days.
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