ZRX is launching on Coinbase Pro
Transfer ZRX immediately to your Coinbase Pro account in advance of trading.
As of 10am PT on Thursday, October 11, Coinbase pro is now accepting deposits for ZRX! They will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York.
Please also note that ZRX is not yet available through the coinbase.com website and in the Coinbase iOS and Android apps. They will make a separate announcement when that occurs.
The Stages of the ZRX Launch
In more detail, there will be four stages to the launch as outlined below. They will follow each of these stages independently for each new order book: ZRX/USD, ZRX/EUR and ZRX/BTC (note that at this time, they will not offer trading on the ZRX/GBP pair). If at any point one of the new order books does not meet their assessment for a healthy and orderly market, they may keep the book in one state for a longer period of time, or suspend trading as per their Trading Rules.
They will send tweets from their Coinbase Pro Twitter account as each order book moves through the following phases:
Transfer-only. Starting at 10am PT on Thursday October 11, customers will be able to transfer ZRX into their Coinbase Pro account. Customers will not yet be able to place orders, and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours.
Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one (1) minute. This market state may be kept short or extended to increase market health during launch.
Limit-only. In the third stage, limit orders will start matching but customers will be unable to submit market orders. Order books will be in limit-only mode for a minimum of 10 minutes.
Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.
About Ox (ZRX): The 0x protocol facilitates the exchange of a growing number of Ethereum-based tokens including currencies, game items, and many more digital assets. By sharing a standard API, relayers can easily aggregate liquidity pools, creating network effects around liquidity that compound as more relayers come online. 0x allows trade functionality to fade into the background, enabling developers to focus on building while 0x handles the exchange.
About the writer: Ava Lauren I write articles related to bitcoin and other cryptocurrencies. Email me