Crypto exchange Coinbase has launched the ZRX token on Coinbase Pro, it will be the first ERC-20 token supported on the platform.
Per the announcement, Coinbase has launched support for ZRX on its professional platform, Coinbase Pro, although trading will only be allowed once sufficient liquidity is established. The exchange notes that a separate announcement will be made when the token becomes available on coinbase.com and on its iOS and Android apps.
ZRX trading will be available in most jurisdictions, except the state of New York during its initial launch stage. Coinbase has divided the launch into four independent stages for each new trading pair; ZRX/USD, ZRX/EUR and ZRX/BTC, while the exchange notes that currently it will not offer trading on the ZRX/GBP pair.
As Coinbase states in the blog post, in the first, “transfer-only” stage, customers will be able to transfer ZRX into their Coinbase Pro accounts, without an option to place orders. The second “post-only” stage will let customers post limit orders, however with no matches. The subsequent stages — “limit-only” and “full-trading” — will enable matching limit orders and full trading services, including limit, market, and stop orders respectively.
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