0X ZRX On The Move and Launching to Coinbase Pro

0X ZRX On The Move and Launching to Coinbase Pro

 In Investment News
0
0

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

0X can ficilitate any asset:
The ZRX protocol facilitates the exchange of a growing number of Ethereum-based tokens including currencies, game items, and many more digital assets.
Networked liquidity By sharing a standard API, relayers can easily aggregate liquidity pools, creating network effects around liquidity that compound as more relayers come online.
Exchange everywhere. ZRX allows trade functionality to fade into the background, enabling developers to focus on building while 0x handles the exchange.

ZRX Use Cases

ZRX can be utilized for many use cases across the board.
GAMING & COLLECTABLES
Artists and game makers are tokenizing digital art and in-game items known as non-fungible tokens (NFTs). 0x enables these creators to add exchange functionality to give access and the ability to build marketplaces for NFT trading.
PREDICTION MARKETS
Decentralized prediction market platforms generate sets of tokens that represent a financial stake in the outcomes of real-world events. 0x allows these tokens to be instantly tradable.
ORDER BOOKS
There are thousands of decentralized apps that have native utility tokens. 0x provides market makers and professional exchanges an ability to host order books to facilitate the exchange of these assets.
STABLE TOKENS
Novel economic constructs such as stable coins require efficient, liquid markets to succeed. 0x will facilitate the underlying economic mechanisms that allow these tokens to remain stable.

ZRX TEAM

The ZRX team is lead by CEO and Co Founder Will Warren who specializes in smart contract R&D. Will had previously applied physics at Los Alamos Nat Lab. Mechanical engineering at UC San Diego. and decided to PhD dropout. The ZRX team is a globally distributed group with backgrounds in engineering, research, business and design. They are passionate about decentralized technology and its potential to act as an equalizing force in the world.
ZRX is sure to see larger adoption in the coming months once listed into Coinbasse pro. We can only hope to see the team progress with the project with as much speed as its presumed potential.

Interested in Getting Up to the Minute Investment Information on the Latest Trends in Cryptocurrency?

Register for your Coinconnecter Membership Today!

Sign up for our newsletter and register for your Coinconnecter membership today to get full access to our members’ benefits. Members receive up to the minute information on the latest cryptocurrencies, trends, and analysis from established, experienced traders. Also, tutorials and investment direction at intermediate and advanced levels that will help beginner investors get started, and keep established cryptocurrency investors in the loop. Ready to start investing? START INVESTING TODAY

Coinconnecter Disclaimer: Nothing published by Coinconnecter.com should be considered investment advice. Any investment options published or recomended by Coinconnecter.com should only be invested in after consulting with your investment advisor and only after researching and reviewing the prospectus or financial statements of the company. All investment information,and any Analyst or Professional Trader past or present published performance is not an indicator of future results. All trading and investing involves risk. Coinconnecter considers all Bitcoin, Crypto currency, Mining, and Fintech investing High Risk Be advised that most all of these investment options are decentralized, unregulated, and unconfirmed. Whether it be Bitcoin an ICO/ITO, Staking/Lending Coins, Mining, or Cloud mining. Only risk capital you are prepared to lose.

Disclosure: Employees and team members of The Coin Connecter Group Inc. are actively invested in ZRX. This is not a paid advertisement.

, , , ,