On October 8, 2018, there was speculation that 0x (ZRX) may be the next coin to be added to Coinbase. At the time, it traded at just 74 cents. It’s now up to 80 cents.
Coinbase.com is no longer a rumor with ZRX
As of 10am PT, according to The Coinbase blog, ZRX listed on Coinbase Pro.
“Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books,” says the blog.
There will be four stages to the launch
During Stage 1, users will be able to transfer ZRX into their Coinbase Pro accounts. In Stage 2, users can post limit orders but there will be no matches. In Stage 3, limit orders will start matching but customers will be unable to submit market orders.
During the Final Stage, full trading services will be available.
The Coinbase Effect and ZRX
As we know from Ethereum Classic (ETC), it can be a game-changer.
Considering that a listing on Coinbase results in increased levels of adoption, it only makes sense that ETC moved higher leading up to the listing.
Now, some believe Ox could see similar interest. That’s because some of the advisors are from Coinbase.com, including Fred Ehrsam, Linda Xie and Olaf Carlson-Wee.
PayPal COO David Sacks Joins 0x
In addition to Coinbase speculation, Sacks just joined its advisory board. He also announced a working relationship with Ox that could support tokens. Goldman Sachs’ Circle also added the coin to its “Invest Platform.” With Sacks on board, the two could help foster faster adoption with investors and software developers.
0x (ZRX) – A Unique Decentralized Coin
Built on the ETH blockchain, Ox uses smart contracts to allow for easy operation of DEX. It hopes to introduce various assets on the blockchain with tokenization to make that possible. By doing so, users will have full control of their own assets during exchange.
That will provide those same users with greater security, as compared to a centralized exchange.
The team is also trying to reduce overall costs by cutting charges paid for every interaction. With Ox, users will be charged a single fee once the transaction is fully settled.
Trading at 80 cents, traders believe it could move above $1 this year.
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