U.S-Based Crypto Exchange Coinbase Launches the Sale of ERC-20 on Their Platform

According to a blog post published on 16 October, the San Francisco-based crypto exchange -Coinbase has opened the trade for ZRX (0x) tokens.

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That makes it the first trade of ERC-20 tokens on the platform.

Earlier, on October 11, the crypto exchange announced its support for ZRX on their professional platform (Coinbase Pro). Coinbase stated that trading would be allowed after enough liquidity of the assets is achieved.

Current services available to Coinbase customers include selling, storing, and buying ZRX on Coinbase.com and its Android and iOS apps. In the statement, Coinbase notes that ZRX will be obtainable in most states, but initially, it won't be accessible to users in the United Kingdom and New York.

Earlier in July this year, Coinbase announced its intention to add ZRX to its manifesto, amid four other tokens: Zcash (ZEC), Basic Attention Token (BAT), Cardano (ADA), and Stellar Lumen (XLM).

Coinbase unveiled its plan for supporting ERC-20 in March 2018. The exchange stated that they might add any ERC-20 crypto asset listed on GDAX to their platform. Coinbase said that the move came after the evaluation of various aspects, such as price stability, liquidity, and other health trade metrics.

At the time of the report, ZRX is selling at about $0.83, seeing an average growth of about 17.38% over the last day. According to Coin Market Cap, the price of this altcoin rallied upwards to trade at $0.85 today, after the exchange’s announcement. The digital asset currently has a market capitalization of about $46.5 million at report time.

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