The 0x price (ZRX/USD) has seen a big increase following yesterday’s announcement that the ERC-20 token is now available across Coinbase’s platforms.
The largest US cryptocurrency exchange last week announced that it was adding three new order books – ZRX/USD, ZRX/EUR and ZRX/BTC – on its exchange platform Coinbase Pro. The Company said at the time that, initially, the token would not be available through the coinbase.com website and in the Coinbase iOS and Android apps, but it also indicated that it planned to add the coin to these platforms in the future.
Just a few days later the company announced that the coin had been added to the aforementioned platforms.
“Starting today, Coinbase supports ZRX at Coinbase.com and in the Coinbase Android and iOS apps,” Dan Romero, vice president and general manager of Coinbase consumer, wrote yesterday in a blog post. “Coinbase customers can now buy, sell, send, receive, or store ZRX, along with Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.”
Romero also said that, initially, the coin would not be available for residents of the United Kingdom or the state of New York.
Like the October 11 statement, yesterday’s announcement provided a huge boost to the 0x price. Having opened at $0.729, the coin rise as high as $0.880 following the announcement. It eventually closed at $0.853.
ZRX has seen further gains in today’s trading, which allowed it to top the $1 mark for the first time in over two months. During the early hours of the session the coin reached $1.07, which was its highest price level since early August. The token has returned to sub-$1 levels in subsequent trading, according to data from digital coin tracker Coinmarketcap.
As of 14:29 BST, the 0x price stood at $0.926, up 23% from the same time yesterday. The coin’s total market cap currently stands at just over $500 million.