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A leading cryptocurrency self-custody wallet, Tangem, has recently announced it added support for Cardano native tokens, in a move that allows users to secure store and manage their ADA holdings alongside Cardano-based assets like Iagon (IAG) and SingularityNET (AGIX).
In a post published on the microblogging platform X (formerly known as Twitter), the team behind Tangem urged users to update their mobile apps to take advantage of this new functionality. The update enables users to find and manage their Cardano tokens within the “Manage Token” section. Staking for Cardano is notably not yet available on the wallet, although Tangem assured users the integration is coming.
“WEN Cardano native tokens support?!” NOW! 💥
Update your app right now and secure your $IAG, $AGIX, $COPI, $WMT, and other currencies on the Cardano network right in Tangem. @Cardano_CF @Cardano @IOHK_Charles pic.twitter.com/ukdWLzWU5M
— Tangem (@Tangem) July 16, 2024
The Cardano community reacted positively to the announcement, with many praising Tangem on social media and some showing their orders for Tangem’s wallets as a show of support for the firm and its work.
This expansion brings the total number of networks supported by Tangem to 61, including established players like Bitcoin (BTC) and Ethereum (ETH) alongside newer additions like Shibarium and Solana (SOL). Tangem has established itself as a major player in the hardware wallet market, having manufactured over 1 million cards since its launch in 2021.
Earlier this month a cryptocurrency analyst suggested that Cardano’s native ADA token could soon see a breakout after it broke out of a falling wedge pattern after a long period of consolidation.
Featured image via Unsplash.
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