Cardano: These exchanges integrated Shelley, major update for Yoroi

  • IOHK has published an update on the exchanges that have already completed the integration of Cardano’s Shelley.
  • Yoroi has released an important update for the Google Chrome extension yesterday, which now allows the delegation of ADA.

After the successful implementation of the Shelley hard fork on mainnet on Wednesday, July 29, 2020, at 21:44:51 UTC, the Cardano network is still in a transition phase. The staking rewards will be distributed to ADA holders for the first time next Tuesday, August 18th. In addition, several exchanges and wallets are still in the implementation phase for Shelley.

As IOHK has now announced in an update, IOHK is currently continuing its close cooperation with its exchange partners to support them in implementing the Shelley upgrade. However, each exchange is different and follows its own integration processes and timelines.

IOHK also reiterated that during the transition process, all ADA are completely safe and unaffected, whether they are in a local wallet (e.g. Daedalus, Yoroi, Ledger, Trezor, etc.) or on an exchange. The ADA are securely stored on the blockchain itself. Due to the update, however, there may be certain restrictions on exchanges:

However, we do anticipate some exchange downtime/service interruption with some exchanges, as they complete their integration work. ada holders keeping their funds on an exchange will be able to continue to be able to trade during this period, they may encounter issues making withdrawals and deposits temporarily during the time their exchange is updating.

At the time of writing, the following exchanges have already completed the integration of Shelley:

  • Bithumb
  • Coinfalcon
  • Bitfinex
  • CoinEx
  • HBTC
  • Bidesk
  • BKEX
  • EXMO
  • ChangeNow

According to the announcement by IOHK, the following exchanges are still working on the integration of Shelley:

  • Indodax
  • Huobi
  • Bittrex
  • HitBTC

Cardano (ADA) staking: Yoroi releases major update

It is important to note that support for Shelley is not the same as support for staking ADA. The exchanges are not obliged to perform the staking and subsequently distribute the rewards.

On the wallet side, both the Daedalus wallet and the Yoroi offer staking. For the Chrome extension of Yoroi has received a major new version yesterday, which now supports the delegation of the ADA with a 15-word, 24-word key and via a Trezor hardware wallet. Support for Ledger hardware wallets and redeeming ITN rewards will be released with one of the next versions.

The extension should automatically update to 3.1.1. In some cases it may take a day or two for Chrome to perform the automatic update, as the developers explained. However, Chrome can be manually forced to do the updates.

However, the best option for ADA staking remains the Daedalus wallet from IOHK. Already last Saturday the development company behind Cardano released Daedalus version 2.1.0, which allows the rewards of the Shelley Incentivized Testnet (ITN) to be transferred to the mainnet. In addition, any other wallet can be restored using the restore function.

About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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