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Coinbase lists its first ERC20 Token. Will ZRX rise?

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Driving U.S. cryptocurrency exchange Coinbase has listed 0x (ZRX) token, as indicated by an announcement made on Oct. 11. This is the first time Coinbase has included support for an ERC20 token.

 

Per the declaration, Coinbase has launched support for ZRX on its professional platform, Coinbase Pro, despite the fact that trading may be allowed once adequate liquidity is built up. The exchange noticed that a different declaration will be made when the token ends up available on coinbase.com and on its iOS and Android applications.

 


 

ZRX trading will be available in many locales, with the exception of the territory of New York amid its underlying launch organize. Coinbase has divided the launch into four autonomous stages for each new trading pair; ZRX/USD, ZRX/EUR and ZRX/BTC, while the exchange takes note of that as of now it won’t offer to trade on the ZRX/GBP pair.

 

As Coinbase states in the blog post, in the first, “transfer-only” arrange, clients will have the capacity to transfer ZRX into their Coinbase Pro records, without a choice to put orders. The second “post-only” stage will give clients a chance to post limit orders, anyway without any matches. The ensuing stages — “limit-only” and “full-trading” — will empower coordinating limit orders and full trading services, including limit, market, and stop orders separately.

 

ZRXUSD Price Chart
ZRXUSD Price Chart

 

At the tie of writing, ZRX is trading at around $0.76, up by 13.3 percent on the day, as indicated by CoinMarketCap. On its week after week graph, the cryptocurrency price flooded from $0.62 on Oct. 6 to $0.86 today following the Coinbase declaration. ZRX’s market capitalization is around $407 million, while its trading volume is around $67 million per day.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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