Charles Hoskinson, the founder of Cardano, has reiterated his call for the cryptocurrency exchange Gemini to list Cardano’s native token, ADA. This fresh appeal surfaced in response to a celebratory post made by Gemini’s co-founder, Tyler Winklevoss, marking the company’s 11th anniversary.
Long-Standing Listing Dispute
Despite Gemini expanding its range of supported digital assets over the years, ADA remains conspicuously absent. The exchange currently lists major proof-of-stake cryptocurrencies like Solana, Avalanche, Polkadot, Cosmos, and Tezos. The lack of ADA listings has been a persistent topic of concern among the Cardano community, raising questions about the exchange’s criteria.
Gemini’s official listing policy cites factors such as asset maturity, liquidity, market demand, use cases, regulatory issues, cybersecurity risks, and control concentration. However, the exchange has not shared specific reasons for omitting ADA from its platform.
Charles Hoskinson, in direct response to Winklevoss, requested Gemini to “list ADA.”
Repeated Critiques from Hoskinson
This is not the first time Hoskinson has criticized Gemini’s stance on ADA. Back in December 2022, amidst Gemini’s complications with crypto lending firm Genesis, Hoskinson mockingly attributed the non-listing of ADA to potential bankruptcy and poor risk management, shortly after the collapse of FTX. Coincidentally, FTX also ceased operations before initiating ADA spot trading.
Earlier that month, during an X Spaces broadcast, Hoskinson humorously suggested that not being listed on Gemini might be beneficial. His comment echoed again with a ‘Wen ADA?’ sign beside Gemini’s booth in September 2024, directly addressing the exchange in his post.
Hoskinson whimsically remarked that perhaps it’s for the best that Gemini doesn’t list ADA since FTX never did either.
Speculations of Revenue Loss
By 2025, Hoskinson intensified his criticism, claiming in an interview with Blockchain Daily that Gemini is the last major exchange not to offer ADA trading. According to Hoskinson, this decision might have cost Gemini approximately $70 million in forgone revenue over the past five years.
He asserted that competitors like Binance and Coinbase are profiting from ADA trades. Cardano remains a pillar among blockchain projects known for its proof-of-stake model, and as its founder, Hoskinson serves as one of the ecosystem’s most prominent figures.
Gemini has yet to provide a direct explanation regarding the absence of ADA from its listings. Consequently, the debate continues, centered around Hoskinson’s repeated appeals and the Cardano community’s persistent questions.
