0x (ZRX) Surges Over 13% following Coinbase Listing ⋆ ZyCrypto
ZRX is set to be launched on the Coinbase Pro platform. This will offer Coinbase platform users more option for trade and equally boost the status of ZRX. The plan of this latest addition to the Coinbase pro platform was made known in an announcement on the 11th of October, 2018.
ZRX’s Addition To The Coinbase Pro Platform
ZRX trading on the Coinbase Pro platform as stated in the announcement can be activated by transferring ZRX to Coinbase pro accounts. This will enable trading at its full launch.
The launching of the ZRX on the Coinbase pro is to be preceded by the acceptance of ZRX as a deposit as from 10 am PT on Thursday, October 11. This is expected to last for at least 12 hours prior to enabling trading of ZRX. This will also be factored along with reaching the sufficient liquidity level to enable the trading.
The trading will be made possible on the pairs of ZRX/USD, ZRX/EUR and ZRX/BTC order books. The trading will be made available to all the users of the platform in almost all jurisdiction. However, New York residents will be exempted at the initial stage.
Notably, the announcement stated that the ZRX is not yet available through the Coinbase.com website and also on Coinbase iOS, and Android apps. The community of users of Coinbase would be duly informed of appropriate development on it in coming days.
The Stages Of The ZRX Launch on The Coinbase Pro’s Platform
The launch of the ZRX will undergo four stages as revealed. The four stages will be implemented independently for each order new book ZRX/USD, ZRX/EUR and ZRX/BTC , while trading on the ZRX/GBP pair will not be available for now.
Coinbase Pro platform users will be informed of the proceedings of each stage through a Tweet via the Coinbase Pro Twitter account.
The stages start with the transfer-only stage which starts from the 10 am PT on Thursday, October 11. This involves a transfer of ZRX to Coinbase Pro account without the trading option, and it will last for at least 12 hours.
The second stage is the post only stage. This involves customers posting limited order but will be without matches.
Also, the third stage involves the limit only step. This features the limit order to start matching, but customers will be unable to submit a market order.
Lastly, the fourth stage involves full trading. This service will be available inclusive of limit, market, and stop orders.
As at the time Of writing ZRX is Trading it at $0.756731 with a market cap of $0.756731 According to data from Coinmarketcap.
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