Coinbase has launched support for 0x [ZRX] on its platform, Coinbasepro,thoughtradingwouldsolelybe allowed oncedecentliquidity is established. The exchange notes that a separate announcementwould becreatedoncethe token becomesis availableon the exchange ‘coinbase.com’ and on its mobile apps.
ERC-20 tokensare digital currencies developed and usedonlyon the Ethereum [ETH] platform,in whichERC stands for Ethereum Request for Comment, andtwentyis therangeassignedto thisrequest. ERC-20 makes the creationof newtokensveryeasy,whichis main reason behind why ETH became so fashionable among the crowdfundingfirmsfunctioning onInitial Coin Offerings [ICOs].
0x [ZRX]commercewould beofferedin most jurisdictions, except the stateof New York in its initial launch stage. Coinbase has categorized thelaunch into four stagesfor everynewtradingpair that would include; ZRX/USD, ZRX/EUR, ZRX/BTC and ZRX/GBP.
According to an official web blog post by Coinbae has announced trading is now open for 0x(ZRX), which is now available for the exchange’s customers to buy, sell, receive, and store ZRX on Coinbase.com as well as its iOS and Android apps.The post further added that 0x[ZRX] will be available in most jurisdictions, but initially it will not be available for residents of the state of New York and U.K.
Earlier in July this year, Coinbaseproclaimedits was considering adding5new 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 wouldneedfurtherbetawork,conjointlywarning that the listingmethodmight make some coinsavailable for consumersto buyand sellsolely,withoutthe flexibilityto send or receive thememploying anativedigital wallet.
Coinbaseunconcealedits intentionto featuresupport for ERC-20 tokens in March, reversing previous statements fromJanuary.
“After evaluating factorslikeliquidity,valuestability, andalternativemarket health metrics,we might choose to addadd any ERC-20 tokenaddedto GDAX to the Coinbase platform.”
At the reporting time, 0x [ZRX] is currently trading at a price $0.936 USD which is 26.39% higher than yesterday.