Coinbase is viral in today’s crypto news, for the official announcement and the process of listing 0x (ZRX) which is an ERC-20 token that runs on Ethereum, on its professional order-book exchange Coinbase Pro (formerly known as GDAX).
The recent move comes in an attempt and big plan to list hundreds of new assets over the coming months and years. However, this does not mean that Coinbase has lost its status as one of the kings in the crypto-token world.
The price of ZRX surged 17% as an aftershock, while its trading value spiked from about $0.68 to a high of just under $0.92 in the minutes following the announcement. Even though the token since settled down from the peak, 0x is now still trading near $0.77 with a 24-hour gain of about 17%.
With the official listing on Coinbase, 0x is now the first ERC-20 token listed on the platform. Ethereum (ETH) has also been available on the exchange for some time, while the company added support for Ethereum Classic (ETC) over the summer as well.
What’s most important to note is Coinbase’s decision to not initially list the 0x token through its eponymous brokerage service, which is tailored for retail investors and is popular among first-time buyers. The company said that it plans to make a separate announcement when this occurs.