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Coinbase has announced that it is listing an ERC20 token on its platform.
Announced in a 0x token on its professional trading platform, Coinbase Pro. Trading will only become available once enough liquidity has been established. Once that happens, trading will initiate on ZRX/USD, ZRX/EUR and ZRX/BTC order books. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York.
ZRX is launching on Coinbase Pro! The ZRX/USD, ZRX/BTC, and ZRX/EUR order books have entered transfer-only mode. Traders can deposit ZRX, but cannot yet place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/SomOUqoXhv
— Coinbase Pro (@CoinbasePro) October 11, 2018
It is important to note that this is the first time that the company is listing an ERC20 token – a coin developed and used exclusively on Ethereum’s blockchain – and this could mark a significant change for token listing on cryptocurrency exchanges
The token will be launched in four stages as Coinbase detailed:
As the token moves to each stage, Coinbase will keep users updated.
Since the announcement, 0x has seen a 14.46% spike in day-on-day trading in market and is now trading for $0.755707 USD.
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