0x price (ZRX/USD) hits two-month high on Coinbase Pro listing

The largest US cryptocurrency exchange, Coinbase, announced yesterday that it was listing the 0x (ZRX) token on its trading platform.

In a blog post published Thursday, the company said that it was now accepting deposits for ZRX on its crypto exchange platform Coinbase Pro, with trading expected to begin “once sufficient liquidity is established”. Once that happens Coinbase pro users will have access to three new order books – ZRX/USD, ZRX/EUR and ZRX/BTC.  Initially, the token will not be available through the website and in the Coinbase iOS and Android apps, though the company indicated that it intends to add support for ZRX on these platforms in the future.

0x is the first ERC-20 token to gain a listing on Coinbase and could be the first of many new additions to the platform. In mid-July the company announced that it was considering adding new crypto assets, with 0x being on a shortlist of candidates also including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM) and Zcash (ZEC). Furthermore, Coinbase announced last month that it was introducing a new process that would speed up the listing of new digital assets on its platforms.

Unsurprisingly, the 0x price (ZRX/USD) surge following the announcement, with the news helping the token recover from an early Thursday slump. The coin jumped to a near two-month high of $0.879 in late Thursday trading, before finishing the session at $0.767, slightly higher than its opening level of $0.753.

The coin attempted to rally above $0.80 earlier today, but its advance run out of steam after it reached an intraday high of $0.801. Since then the coin has retreated to lower levels.

As of 14:30 BST, the 0x price stood at $0.766, up 13.2% from the same time yesterday. Its total market value currently stands at $414 million.

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