Before subscribing to Coinbase I read some articles and reviews about it and I found a recent article whereis announced by the company from now on exchange of cryptocurrencies will allow the exchange of 0x (ZRX): it is the very first token ERC-20 supported by the platform.
ERC-20 tokens are developed and used exclusively on the Ethereum platform (ETH): ERC is in fact the acronym of Ethereum Request for Comment, while 20 is the number assigned to that request. ERC-20 makes the creation of new tokens extremely simple: it is for this reason that the ETH network has become so popular among small companies working on an Initial Coin Offering (ICO).
At the moment ZRX has only been launched on Coinbase Pro, the Coinbase platform dedicated to a professional audience, but the actual trading will only be made available when sufficient liquidity is reached. The company has emphasized that more announcements will be released as the token will become exchangeable even by small investors.
ZRX trading will be available in most jurisdictions, except for the state of New York during the initial launch phase. The introduction of the new product will be divided into four different stages, which will be carried forward independently for each exchange pair: ZRX / USD, ZRX / EUR and ZRX / BTC. However, there are currently no plans for the ZRX / GBP pair.
In the first phase, called “transfer-only”, Coinbase will allow customers to transfer ZRX into their Coinbase Pro accounts. During the “post-only” stage, it will be possible to list orders at a limited price, but without correspondences. In the last phases, defined as “limit-only” and “full-trading”, the complete services of trading will be finally released.
Last July, Coinbase announced that it was considering the possibility of adding five new coins to its platform. In particular, it seems that the company was interested in Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM) and Zcash (ZEC), as well as the aforementioned 0x.
At the time of writing this article, ZRX is trading for around $ 0.76, up 5.42% from yesterday.
So we just have to see the trend of this Token hoping as everyone who grows all and never lose value.
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