0X ZRX On The Move and Launching to Coinbase Pro
Coinbase has announced the listing of the first Ethereum platform based token 0X ZRX. As of 10am PT on Thursday, October 11, Coinbase started accepting deposits for ZRX on Coinbase Pro! Coinbase 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. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York.
As stated ZRX is not yet available through the coinbase.com website and in the Coinbase iOS and Android apps. Coinbase will make a separate announcement when that occurs.
The Stages of the ZRX Launch
In more detail, there will be four stages to the launch as outlined below. Coinbase will follow each of these stages independently for each new order book: ZRX/USD, ZRX/EUR and ZRX/BTC (note that at this time, we will not offer trading on the ZRX/GBP pair). If at any point one of the new order books does not meet our assessment for a healthy and orderly market, Coinbase may keep the book in one state for a longer period of time, or suspend trading as per our Trading Rules.
Coinbase will send tweets from our Coinbase Pro Twitter account as each order book moves through the following phases:
- Transfer-only. Starting at 10am PT on Thursday October 11, customers will be able to transfer ZRX into their Coinbase Pro account. Customers will not yet be able to place orders, and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours.
- Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one (1) minute. This market state may be kept short or extended to increase market health during launch.
- Limit-only. In the third stage, limit orders will start matching but customers will be unable to submit market orders. Order books will be in limit-only mode for a minimum of 10 minutes.
- Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.
One of the most common requests Coinbase receive from customers is to be able to trade more assets on our platform. With the recent announcement of the new listing process, customers can expect Coinbase to list most assets over time that meet our standards.
You can sign up for a Coinbase Pro account here to start trading.
Familiarize yourself with ZRX
ZRX is the critical infrastructure layer in the emerging financial stack built on a foundation of Ethereum token standards. Developers needing exchange functionality for ERC 20 tokens, ERC 721 tokens, or any new asset type can easily integrate the 0x protocol into their application.
ZRX Use Cases
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