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ADAUSD - Cardano vs US Dollar

Swap Short: -20 %Swap Long: -20 %
Low: 0.413Spread MT5 floatingHigh: 0.435
Global Stock Exchanges Session Times
Sydney
5:03 pm (Local)
Opens in 16h 47m
Tokyo
3:03 pm (Local)
Opens in 17h 57m
London
7:03 am (Local)
Opens in 0h 57m
New York
2:03 am (Local)
Opens in 7h 27m

ADAUSD Trading Chart

D1
W1
M1
No chart data
Past performance is not a guarantee or prediction of future performance.

Trading Conditions

Platform
Edge
Edge
MT4
MT5
Execution
Market Execution
Market Execution
EdgeFloating spreads
Minimum: 5.00Average: 16.25
Market Hours*Open Now
Market Hours*Open Now
Limit and Stop Level40
1 tick value0.001
Minimum contract size0.01 lot
1 lot size1 ADA
1 PIP value per 1 lot in USD0.001 USD
Minimum step for increasing contract size0.01 lot
Margin requirements to open a lock position *0
Execution ModeMarket (irrelevant of platform or Account type)

* Only if Margin Level > 100%

The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

Cardano

The Cardano blockchain platform is named after the famous 16th-century Italian mathematician Gerolamo Cardano.

On this virtual platform, users can develop their decentralised applications based on smart contracts. In fact, a certain kind of programmable coin can be created here. The system is based on mathematical proofs and game theory which is not surprising: Gerolamo Cardano was highly fond of gambling.

Apparently, the creator of this token, Charles Hoskinson, feels a special connection with this historical hero as he is also a mathematician who stood at the origins of Ethereum. Partners of this blockchain project couldn't agree on the prospects, so Charles and his friend founded their separate cryptosystem in 2017.

Soon, a branded ADA token appeared inside the Cardano universe, and its name is also not a coincidence. The coin is named after the Countess of Lovelace, Augusta Ada King. Even though her father was the poet George Byron, Ada didn't follow in his footsteps but delved into mathematics. Moreover, she created the world's first computer program and described all these processes. As a result, she is rightfully considered the first programmer in world history.

It is noteworthy that the smallest fractional part of the ADA token bears the name of the countess, Lovelace.