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1xBit Adds Support For Cardano (ADA)

1xBit, a Bitcoin sportsbook, and casino website has announced that it will add Cardano to its list of accepted cryptocurrencies. Notably, 1xBit supports over 30 different digital assets including Ethereum, Binance coin (BNB), and EOS. 1xBit customers can now use ADA to place on various bets offered by the platform.

The announcement is groundbreaking news both for the Cardano ecosystem and for the betting industry. Moreover, it is an indication crypto adoption is growing and the demand is widening beyond the traditional digital assets.

The Cardano ecosystem has grown tremendously in the past year whilst maintaining its native aspects that attract investors. Notably, the Cardano blockchain was developed with security and scalability in mind thus a perfect candidate for the betting industry. Ranked the fifth most valuable digital asset in terms of market capitalization, Cardano currently has a market cap of approximately $35.4 billion. Over the past 24-hours, the average trading volume of the Cardano asset stood at approximately $4.1 billion according to CoinGecko. Meanwhile, the asset was trading around $1.12, 25% shy of its ATH recorded a week ago.

Worth noting, Cardano (ADA) is up over 35x in the past year. However, the asset has dropped approximately 19% in the past week. Cardano (ADA) is retesting its 2017/2018 all-time high as it awaits to breakout and moves into a price discovery zone.

1xBit has exponentially grown over the past few months thanks to the booming crypto market. The firm is capable of delivering up to standard services that novice users can comfortably relate to. Furthermore, the …
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