Cardano Midnight (NIGHT), the privacy-focused asset tied to the Cardano blockchain, has been listed on Australia's leading cryptocurrency exchange, CoinSpot. The exchange announced the development on March 27, 2026, via a post on X, making NIGHT available for its users to buy, sell, and trade.
To promote the new listing, CoinSpot launched a social media giveaway campaign, offering users a chance to win $100 worth of NIGHT. This listing expands NIGHT's access in the Australian market, following its earlier listing on the world's largest exchange, Binance in March 2026. That previous listing reportedly triggered a 13% price spike for the asset.
Market data cited in reports shows NIGHT's market capitalization at approximately $747.7 million, with observers eyeing a potential climb to $1 billion. At the time of reporting, NIGHT was trading at $0.04503, reflecting a 1.03% increase over 24 hours, having traded between a daily low of $0.04439 and a high of $0.04918. However, 24-hour trading volume declined by 6.64% to $1.16 billion.
Concurrently, Midnight has secured a significant partnership with UK-based Monument Bank. According to the Midnight Foundation, Monument is set to become the first UK-regulated bank to tokenize retail customer deposits on a public blockchain. The initial phase targets £250 million in tokenized deposits.
The partnership structure is designed to allow customer deposits to remain fully backed, redeemable in GBP, and protected under existing UK regulatory frameworks, while transaction data is shielded via Midnight's privacy-enhancing infrastructure. The initiative aims to connect traditional finance with public blockchains and may later extend into private equity and structured products.
Cardano founder Charles Hoskinson has publicly endorsed Midnight's model, calling it a "next-generation cryptocurrency." He highlighted its tokenomics, where protocol revenue can be used to buy NIGHT and recycle it into the Midnight Treasury, creating a sustainable project budget. Hoskinson also noted that most commercial deals involving Midnight are expected to include a Cardano component, linking the two ecosystems.
