Coinbase, a largest cryptocurrency exchange platform in terms of daily-trading volume, announced yesterday 11th October, that the listing of 0x (ZRX) has been completed. Deposits started off on Coinbase Pro on Thursday 10 am.
The platform stated that it was about to delay trading for 12 hours and allowing deposits to stream in. This technique is used to make sure that the exchange platform has enough liquidity to back the trading.
Coinbase exchange announced the listing of 0x in trading pairs: ZRX/EUR, ZRX/USD, ZRX/BTC. The Coinbase Blog announcement:
“As of 10 am PT on Thursday, October 11, we are now accepting deposits for ZRX on Coinbase Pro! We will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books.”
However, Coinbase notified that ZRX will be available in majority of jurisdictions, but not in some jurisdictions including New York. Additionally, the digital asset is not currently available on exchange’s website Coinbase.com, and also Coinbase apps for iOS and Android.
Nevertheless, they have confirmed to their customers that the announcement of ZRX availability on these platforms will come in short time soon.
0x (ZRX) Price Today – ZRX/USD
Coinbase’s steps for listing 0x (ZRX)
Coinbase has defined four stages that will be taken for listing of ZRX on its exchange platform. Each stage will be taken for all available trading pairs, for example, ZRX/EUR, ZRX/USD, and ZRX/BTC etc. The platform stated that trading pair ZRX/GBP is not yet available in this new asset listing.
“If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time, or suspend trading as per our Trading Rules,” affirmed by Coinbase.
Step 1: Transfers-Only
Even so, this stage is completed already, but it was scheduled to start on October 11, Thursday at 10 am. The platform provided opportunity to customers to send their ZRX tokens to their Coinbase Pro account. But, during this period, which took around 12 hours, no orders were set from customers, and no orders were filled in order book.
Step 2: Post-Only
In this stage, customers are going to post their limited orders, as exchange will not allow completed orders or matches. It is difficult to determine how long this step will run, because of the fact that it could be kept short to ensure that market health remains at desired state.
Step 3: Limit-Only
Following this stage, Coinbase explains, “limit orders will start matching but customers will be unable to submit market orders.” And, the stage will last for 10 minutes.
Step 4: Full Trading
This is the listing’s final step. At this stage, all the features and services of ZRX trading will be available including market, limit, and stop orders.
Overview of 0x (ZRX) Price
At the time of reporting, 0x (ZRX) raised up 15% and still in count. While, it is trading at $0.776, and it is 16% up against Bitcoin (BTC), and 22% up against ETH.
As The Oofy reported before why all major coins including bitcoin, ethereum, ripple, stellar suddenly dropped with high percentages.
Currently, 0x (ZRX) digital currency is at 24 in ranking and holds market capitalization of $420 million. And, $70 million in volume is traded on different exchanges in last 24 hours, while Binance raising up 57% of total volume on trading pair ZRX/BTC.