OpenBank Adds Cardano Trading to Client Portfolios
Cardano got a big boost when OpenBank started offering ADA trading to more than two million customers in Europe. With this change, users can buy, sell, and hold ADA along with stocks, bonds, and ETFs in the same portfolio.
The integration started in Germany and Spain, and there are plans to expand to other parts of Europe. Customers can easily access ADA without having to use third-party exchanges. This puts Cardano right in the middle of mainstream digital banking services.
Major Bank Integration Increases Use of ADA
OpenBank, Santander’s digital arm, has made Cardano more legitimate by adding it to standard financial dashboards. This integration is a big step forward because it shows how banks are connecting traditional finance with blockchain-based investment options.
The service charges a flat 1.49% fee for each transaction and makes it easier to get started by allowing purchases of only €1. This kind of accessibility makes ADA more well-known among regular retail customers, which could lead to more people using it across Europe.
ETF Approval Odds Strengthen Market Confidence
The SEC is looking at the Grayscale ADA ETF application, and the deadline for a final decision is October 22. This has made regulatory momentum even stronger. Current market predictions put the chances of approval at 87%, which shows that investors are very sure that the fund will be approved.
The SEC’s new rules for altcoin ETFs say that they must be backed by Coinbase futures products. Cardano meets this requirement well. Previous approvals for Ethereum ETFs set a precedent that makes people hopeful that ADA could join the growing list of regulated exchange-traded funds.
Recommended Article: Cardano Price Gains Strength After Golden Cross Formation
Market Growth Is Driven by Institutional Support
OpenBank is still the largest fully digital bank in Europe by deposits. It has grown to Spain, Germany, the Netherlands, and more. Its cloud-based infrastructure lets it quickly roll out new products, which puts it in a good position to offer ADA to millions more customers in international markets.
Moves like this by institutions make Cardano’s market growth more stable. By adding ADA to popular platforms, institutions speed up the shift from niche crypto trading to a more integrated financial system.
Technical Indicators Support Bullish Sentiment
Cardano’s price movement has made a double-bottom pattern at $0.5025, which confirms strong reversal signals from the lows in April and June. ADA is currently trading above the neckline resistance at $0.8650, which means that bulls are in charge of the market.
ADA trading above the Ichimoku cloud and a golden cross forming between moving averages are two more signs that this is true. These positive technical factors point to a possible continuation of upward momentum, which is backed up by recent institutional and regulatory events.
Price Targets Highlight Strong Upside Potential
Murrey Math Lines and other technical tools say that ADA’s next resistance level is $1.3272, which is about 45% higher than the current price. This level is the same as the high from December 2024, which makes it an even more important bullish target.
If the $0.8300 support level doesn’t hold, though, this view will be called into question. Still, given the current state of things, the most likely scenario is for bullish continuation due to both institutional demand and good technical structures.
Cardano’s Path to Mainstream Use Strengthened by Banks and ETF Buzz
The fact that banks are starting to use Cardano and that an ETF may be approved are both important steps forward in its development. If both catalysts come together, ADA could go from being a speculative altcoin to a digital asset that is widely used in traditional financial systems.
Banks make ownership more normal by exposing it to the public, and ETFs make it easier for institutional investors to put money into the market. These things work together to make Cardano a long-term player in the global crypto economy.
