0x [ZRX] Price Expectation After Its Recent Listing On Coinbase Exchange.

The recent listing of 0X [ZRX] on Coinbase exchange,one in foremost renowned global crypto exchanges, hasledseveralto assertthatthere’sa conflict of interestwithin thecompany.Although alternativecoins withadditionaltrade volume wereoverlooked,this isnot in itself enoughproofof point to indicate any conflict of interest.It’spossiblethat 0X [ZRX] was easier to integrate into the Coinbase exchange platform, givenit’son the Ethereum blockchain asopposedCardano [ADA], Stellar [XLM] and zCash [ZEC],thatare based oncompletely differentblockchain networks. However,there’squiteenoughinformationfor these claims, given the ties between Coinbase, Scalar Capital,along with the0X project.

Coinbase lists 0X [ZRX]

News Portal ‘The Block’ confirmedthe apparentconflict of interests between Coinbasestaffalong with a firmknown asScalar Capital,that assistedwithin thepublic sale of ZRX. The founders of Scalar Capital [Linda Xie and Jordan Clifford]are bothformer Coinbaseemployees. Xie is married to the co-founder of the 0x [ZRX] project,WillWarren.3outof 5advisors of 0X were Coinbasestaff. Tofurthermuddy the waters, an engineering manager at Coinbase [Maksim Stepanenko] created the listing framework at the Coinbase exchange,togetherwith Xie.

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There was no real reason to list 0x [ZRX]prior toalternativecoins. The coin iscommercingoutside ofthe top twenty fiveand willnot attain thestatusfrom the SEC as a utility token, given the pre-mine. The questionable nature of the 0x listing prompted bitcoin maximalist John Carvalho to Tweet –

“Hey @coinbase, do your listingnecessitiessaysomethingconcerningconflict of interest orare you onlygonna keep listing your own coinsalong with theonescreatedby your friends?”

Coinbase Trading Platform

Coinbase isone ofthe foremostevolved and well-known exchangeswithin theglobe. It works closely with regulators and has beenincreasingits operations domestically and internationally. It offersa classy tradingplatform, a cryptoinvestment firm,a setof institutionalmerchandise, crypto custody solutions, andbusinesscrypto applicationslikeCoinbase Commerce. Itadditionallyrecentlyacquireda license as a registereddealerunderneathFINRAalong with theSEC.

What allthis suggestsis that Coinbase exchange isgetting down tolook, sound, and behavepreciselylikea financial institution such as bank. The lines betweenthe 2are becomingblurred, and cryptocurrencies was originallymeantas a replacement for a corruptnational economy, asprovenby the note left by Satoshi Nakamotowithin thebitcoin genesis block. Coinbase was started by2formerGoldmanSachsemployees, and insidertradingisn’ta brand newor uncommondevelopmentwithin thefinancialsector.