Coinbase has officially announced the listing of 0x (ZRX), an open protocol that facilitates the low-friction, peer-to-peer exchange of ERC-20 tokens on the Ethereum blockchain.
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
This news comes a week after rumors about a potential listing began to circulate online, stemming from screenshots showing 0x listed in Coinbase’s tax gain/loss calculator, alongside the coins already listed on the exchange.
According to the announcement, as of 10:00 AM (PT) on Thursday, Coinbase is now accepting deposits of ZRX on Coinbase Pro, its professional trading platform.
After a 12 hour period of deposits to establish liquidity, ZRX/USD, ZRX/EUR and ZRX/BTC order books will go live for trading. ZRX is not yet available on the other Coinbase trading platforms, including its retail app, but the company notes that those announcements will come in time.
The overlap between 0x and Coinbase has been well-established, and just this past week, Paradex, a 0x-based decentralized crypto trading platform that was recently acquired by Coinbase, announced that it has completed its migration onto V2 of the 0x protocol.
As a result of the announcement, ZRX is up 18% with a market cap of $430 million, making it 23rd largest coin in the AltDex 100 Cryptocurrency Index (ALT100).
More: ZRX is launching on Coinbase Pro
Related: 0x (ZRX) Pumps 12% on Questionable Coinbase Listing Rumors
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.