On Thursday, October 11th, Coinbase Pro launched support for 0x (ZRX) deposits on the platform, having accepted deposits for around 12 hours beforehand, according to an official blog post.
“Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books,” reads the post, revealing that trades will be available to most everyone excluding investors residing in the state of New York. However, it’s important to note that ZRX trading is not currently available on the traditional Coinbase platform, nor the Coinbase iOS and Android applications.
Coinbase updated users via their Twitter account, revealing when the asset was at “transfer only” status, “post only,” “limit only,” and “full trading.” According to a recent tweet, 0x trading is now fully live:
ZRX trading on Coinbase Pro is now fully live. ZRX–USD, ZRX–BTC and ZRX–EUR order books are now in full trading mode. Limit, market and stop orders are all now available.
— Coinbase Pro (@CoinbasePro) October 12, 2018
This information is somewhat surprising, as enthusiasts believed that ZRX would see support on its partner, Paradex, before a third-party exchange; but Coinbase Pro was able to beat them to the punch.
Suggested Reading : Learn more about 0x in our beginner’s guide.
A Desire For More
Back in September, Coinbase revealed its desire to list more coins on its relatively exclusive exchange, providing everyone “trustworthy and secure access to a more open, blockchain-based financial system.”
The review process for coin listings examines each asset based on its status (fork, stablecoin, utility token, etc.) and its relevance to the market. Does the asset have a sturdy foundation underneath it? Is there a public interest in the asset? Is there a long-term, viable use-case here? All of these questions and more are considered before Coinbase supports a coin.
“We think of Coinbase as the global bridge from fiat to crypto, from the fragmented financial system of today to the open financial system of the future,“ reads their blog post, revealing the platform’s desire to become a top-of-the-line cryptocurrency exchange.
That mission seems ready to be fulfilled, as Coinbase has been doing whatever it can to remain trustworthy in the eyes of its customers. The platform goes through extensive lengths to protect its user’s digital assets, and the team has even detailed a comprehensive list of “core principles” it hopes that all exchanges will follow as time goes on.
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