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ZRX (0x) Rising 20% on its first day trading on Coinbase

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TL;DR

  • Coinbase recently announced on adding ZRX, or 0x, to their traded crypto portfolio
  • The move is part of Coinbase’s plan to expand the list of supported altcoins, in response to customers’ requests
  • 0x (ZRX) already felt the effects of this listing, with its price surging by 20% (43% at the peak) following the announcement.

According to the recent new blog post published by the US-based cryptocurrency exchange, Coinbase, the exchange has now added 0x (ZRX) to its list of cryptocurrencies available for trading.

This move represents a big step forward for ZRX and Coinbase alike, as the exchange claims that they often receive requests to expand their list of available altcoins. Following this decision, ZRX joins today a respectable list of Coinbase tradable tokens including Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, and Litecoin.

So far, the exchange has been quite strict when it comes to supporting altcoins other than the ones mentioned earlier. Due to high standards, only a handful of cryptocurrencies was available for trading, which is something that Coinbase vowed to change.

Coinbase also recently announced a new process for asset listing, which is expected to speed up the listing process of altcoins. Additionally, the exchange also mentioned the creation of new tools, which can be used for exploring and understanding cryptocurrencies on a more advanced level.

The effects of ZRX listing are already visible

This decision represents a big move for ZRX as well. Getting official support and listing on Coinbase is one of the goals shared by every altcoin. Being supported by such a large and popular exchange increases the coins’ exposure, trading, and popularity.

The effects of the move can already be seen in 0x’s stats, as the coin has seen a 20% increase in value following the announcement. At the time of writing, ZRX is listed as a 23rd largest cryptocurrency on CoinMarketCap, with a current price of $0.90. At its all-time daily high, ZRX reached a value of $1.07 on average.

While ZRX is rising today, most other cryptocurrencies are currently trading in the red. Furthermore, trading 0x will be possible for Coinbase users in most jurisdictions, but the announcement states that this will not include the state of New York, or the UK, due to current laws.

 

The post ZRX (0x) Rising 20% on its first day trading on Coinbase appeared first on CryptoPotato.