Ethereum

The First ERC-20 Token Will Be Listed On Coinbase

The First ERC-20 Token Will Be Listed On Coinbase

The biggest U.S. cryptocurrency exchange Coinbase has started the listing of the ERC-20 token Ox (Zrx) according to an announcement from the platform. This will be the first time Coinbase support an ERC-20 token.

As of yesterday, October 11th, deposits became available on Coinbase Pro. According to Coinbase statement, they will accept deposits for 12 hours before enabling trading. Once enough liquidity is established, trading will begin with the currency pairs ZRX/USD, ZRX/EUR and ZRX/BTC. Trading will be possible for most jurisdictions but not for the state of New York initially. At the moment, ZRX is only available on the Coinbase Pro platform and not on Coinbase.com, the iOS or Android apps as of yet. A separate announcement will be made when that occurs.

Coinbase has divided the launch into four different stages. The first stage will allow investors and traders to transfer ZRX to their Coinbase pro accounts, without the option to place orders. The second phase will let customers place limit orders, but with no matches. The following two stages will enable “limit only” and “full trading” which means full trading service, including market, limit and stop orders. Coinbase writes that the most frequent question they get is when they will enable more assets on the platform, and they now have a way to do just that.

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“One of the most common requests we receive from customers is to be able to trade more assets on our platform. With the recent announcement of our new listing process, our customers can expect us to list most assets over time that meet our standards.”

Two weeks ago, Coinbase announced that they might list thousands of new assets in a not too distant future. They have introduced a new process that will allow the exchange to list most of the digital assets that are compliant with local laws. It seems like it is starting to happen now.

Earlier this year, Toshi Times covered a story where Coinbase stated that they might list a few new assets, and Ox was among the chosen. Ox is now listed on Coinbase Pro, and according to Coinmarketcap.com, Ox is the 25th biggest cryptocurrency by market capitalisation.

0x is an open protocol that is designed to offer a decentralised exchange as part of the Ethereum blockchain. 0x is made using a protocol that involves Ethereum smart contacts that allow those around the world to run a decentralised exchange. 0x is designed to be different from both centralised and decentralised exchanges, providing the best possible combination of features.

Image Source: “Flickr”

Ledger Nano S - The secure hardware wallet

 

Dennis Sahlström has been trading and investing since 2012 and has for the last two years been consistently profitable. He has been in the crypto- and blockchain space since the middle of 2017 and realized its potential for our world, not least how it is transforming the society we live in. He has now created an education platform, together with the wealth coach Marcus the Maria. They teach regular people how to invest and trade in the cryptocurrency market with proven strategies. If you want to learn more and feel like its time to get into this new asset class, download our free book and register to the next live training to get your future in cryptocurrencies started.