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Charles Hoskinson, the founder of Cardano (ADA), known for his striking statements about the cryptocurrency market, has made new remarks.
Speaking in an interview with Blockchain Daily, Charles Hoskinson targeted the cryptocurrency exchange Gemini this time.
Hoskinson criticized Gemini’s refusal to list ADA, arguing that the decision cost the platform $70 million in lost revenue.
The expert highlighted that despite Cardano’s widespread adoption and popularity, Gemini is the only major crypto exchange that doesn’t support ADA.
“Gemini is the only major exchange that doesn’t trade with ADA.”
We estimate that this has cost Gemini $70,000,000 over the last 5 years.
Binance is trading it, Coinbase is trading it, all these exchanges are trading it, and ADA is one of the top 10 cryptocurrencies.”
Hoskinson noted that despite Gemini not listing ADA, ADA is currently among the top 10 cryptocurrencies traded on Binance, Coinbase, and other major exchanges.
He argued that Gemini’s decision not to list ADA, despite its success, was a confusing one.
According to him, someone within the stock market made a decision that ultimately harmed the market and prevented him from generating significant revenue of $70 million. Meanwhile, competitors benefited from ADA’s popularity.
*This is not investment advice.