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.

“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”

 

My name is Dennis Sahlström, I have been trading and investing since 2012 and have since June 2017 made between 3-6% a month. I have been watching the crypto market since the beginning of 2017 and saw the great returns a lot of people had gotten. I thought I needed to do my research! Since then I have been studying the crypto market and realised the great potential Blockchain have. Some say it’s internet 3.0 we are looking at and I am sure its here to stay. It is already changing industries and the world. Also, I am running a crypto education platform because I think people should educate themselves about the opportunities we have in front of us.


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