Coinbase announces 0x Protocol, ZRX, as first Ethereum token. Yesterday, 10/16/2018, Coinbase announced that they would be launching ZRX on Twitter. They also released a blog on Medium, titled “Buy and Sell ZRX on Coinbase.” Were you able to capitalize on this move? Have you been holding ZRX?
On the blogpost, Coinbase explained that ZRX will join the current list of tradable assets, which includes Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. The post further clarified that those living in the UK and NY will not be able to participate in the sale.
Coinbase has been under pressure from consumers to offer more products and assets that can be traded on Coinbase. The recent addition of ZRX is likely an effort on behalf of Coinbase to meet those demands.
Just last month, they established a new process that would allow users to trade cryptocurrencies with greater ease. However, some of the reasons that they had for improving that process was due to their adding ZRX. Coinbase said that there will be more changes, saying:
“We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages, as well as a new section of the Coinbase website to answer common questions about crypto.”
New users will be able to buy and sell the ZRX token on the same day that they sign up for Coinbase.
Within the last 24 hours, ZRX has gone up nearly 24%, and the price of ZRX as of writing is $0.925. This mirrors what Ethereum Classic and Bitcoin Cash did when they got listed. This chart movement has been called the Coinbase effect. No matter what, the search for the next coin to go through the Coinbase effect is now.
What do you think the next coin will be? Did you have some ZRX? Have you sold? What’s next on Coinbase? We know that they’re rapidly expanding, do you think they’ll look towards becoming a bigger and bigger exchange? Let us know on Facebook, and use this link to sign up for Coinbase if you haven’t already!
