Coinbase Becomes Yet Another Exchange To List OX Protocol (ZRX)

Ox Protocol: ZRX

Coinbase, the most popular and user-friendly cryptocurrency exchange has added ZRX to its list as per their official reports.

The exchange announced that users on iOS and Android can trade ZRX, which is an ERC-20 token, and that retail platforms would receive the token later. Dan Romero, Coinbase Consumer president, and the general manager wrote saying the token “will not initially be available for residents of the United Kingdom or the state of New York.”

This is in line with Coinbase’s announcement of listing tokens jurisdiction-by-jurisdiction to comply with the regulations of the areas. “We are also investing in new tools to help people understand and explore cryptocurrencies,” added Dan.

ZRX Token

The token has surged to a staggering 35 percent today, currently, at 24 percent it is a few cents shy from reaching $1. Trade volume has also taken a similar direction with $20 million to $115 million. As Ox has gone live on Coinbase and previously on Binance.

If compared on a weekly chart, Ox has made a whopping 40 percent gain. However, Binance holding trade volume up to 50 percent or more. While Coinbase holds the second highest trade volumes, i.e. 20 percent, after Binance without a surprise.

Coinbase Exchange

With a recent string of news, Coinbase has remained in the news and on the user’s minds. Coinbase has revamped their value in the eyes of investors by onboarding new and influential people. This might suggest the ongoing speculation that Coinbase may have plans to go public.

The speculations gained base after Tiger Global invested $500 million in Coinbase making it $8 billion in valuation. Coinbase definitely seems to be moving in the right direction, satisfying customer requests adding more tokens. What do you think?

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