The cost of 0x cryptocurrency is gradually increasing since mid-September. Today, its price has reached a 2.5-month high.
Yesterday a large American stock exchange Coinbase announced a start for support of the 0x token. The altcoin is available for trading on the official website of the exchange and in mobile applications for iOS and Android. The platform's users can now trade the asset in pairs with Bitcoin (Bitcoin), Bitcoin Cash (Bitcoin.Cash), Ethereum (ETH/USD), Ethereum Classic (ETC/USD), and Litecoin (LTC/USD).
ZRX is now live at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, send, receive, or store ZRX. https://t.co/kzDisSZrFu
— Coinbase (@coinbase) October 16, 2018
Coinbase representatives stressed that at the first stage trading 0x will not be available to residents of New York and the United Kingdom. The company also reported that they have developed a mechanism for adding new cryptocurrencies to speed up this process.
The company has launched a 0x token information page as well.
As we make more assets available on Coinbase, we want to help people understand and make informed decisions about cryptocurrency. Check out the ZRX page on Coinbase to learn more about it: https://t.co/taGrb99VBT
— Coinbase (@coinbase) October 16, 2018
Over the past week, the price of 0x increased by 25% overcoming the mark of $1 and then decreased. The token is now trading at the level of $0.93. The last time it was just as expensive was 2.5 months ago – on August, 2. In mid-September, the asset rate stood at $0.5 and has since then risen by 43%.
The dynamic shown by the digital asset once again proves that after each piece of news about including in a listing of any platform, the demand for a token begins to gain momentum.
Last week it was reported that Coinbase Pro – a platform for professional investors – began operating 0x tokens. This listing was the first time a standard ERC20 token was added to the site.
At the end of September, another popular cryptocurrency platform, Circle, started servicing EOS (EOS/USD), Stellar, 0x, and Qtum tokens. The company provided investors an opportunity to purchase these digital assets both individually and as part of an investment basket.
Project 0x is an open protocol for decentralized exchange on the ethereum blockchain based on smart contracts. The internal 0x protocol token is called ZRX.
The cryptocurrency market is extremely unstable, and the success of a coin can suddenly turn into failure. As soon as the hype around the coin comes to nothing, it can lose a considerable share of its capitalization.
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