In line with the announcement, Coinbase has launched support for 0x [ZRX] on its platform, Coinbase pro, though trading would solely be allowed once decent liquidity is established. The exchange notes that a separate announcement would be created once the token becomes is available on the exchange ‘coinbase.com’ and on its mobile apps.
ERC-20 tokens are digital currencies developed and used only on the Ethereum [ETH] platform, in which ERC stands for Ethereum Request for Comment, and twenty is the range assigned to this request. ERC-20 makes the creation of new tokens very easy, which is main reason behind why ETH became so fashionable among the crowdfunding firms functioning on Initial Coin Offerings [ICOs].
0x [ZRX] commerce would be offered in most jurisdictions, except the state of New York in its initial launch stage. Coinbase has categorized the launch into four stages for every new trading pair that would include; ZRX/USD, ZRX/EUR, ZRX/BTC and ZRX/GBP.
According to an official web blog post by Coinbae, within the primary, “transfer-only” stage, customers would be able to transfer ZRX into their Coinbase pro accounts,
while not having a choice to place orders. The second “post-only” stage would let customers post limit orders, but with no matches. the next stages — “limit-only” and “full-trading” — would modify matching limit orders and full commerce services, as well as limit, market, and stop orders severally.
Earlier in July this year, Coinbase proclaimed its was considering adding 5 new assets — Cardano [ADA], Basic Attention Token [BAT], Stellar Lumens [XLM], Zcash [ZEC], and 0x [ZRX] — to its platfrom. The platform noted then that the new assets would need further beta work, conjointly warning that the listing method might make some coins available for consumers to buy and sell solely, without the flexibility to send or receive them employing a native digital wallet.
Coinbase unconcealed its intention to feature support for ERC-20 tokens in March, reversing previous statements from January.
“After evaluating factors like liquidity, value stability, and alternative market health metrics, we might choose to add add any ERC-20 token added to GDAX to the Coinbase platform.”
At the reporting time,0x [ZRX] is currently trading at a price $0.750 USD which is low to 1.54% than yesterday.