Ox Surges 13% as Coinbase Pro Launches ZRX

Ox (ZRX) has gone green with a rise of about 13 percent touching $0.80 at one point as Coinbase Pro announces the transfers for ZRX/USD, ZRX/EUR, and ZRX/BTC are now live. Ox has become the first asset to be added after Coinbase announced the change in its listing process, now more cryptocurrencies will be coming soon on Coinbase.

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Ox becomes the first crypto on Coinbase Pro after the new listing process

Amidst the red and green mixed market, the world’s 25th largest cryptocurrency has been surging close to 13 percent. At $0.7667, Ox is enjoying the gains of 12.57 percent against USD at the time of writing. The price of ZRX reached $0.80 at one point. Ox is running in the green in the BTC and ETH market as well by 13 and 17 percent respectively. With a market cap of over $404 million, it is currently managing the daily trading volume of $72 million.

Ox 1-day price chart, Source: TradingView

Ox took a hike as Coinbase Pro announced yesterday that it is now accepting deposits for ZRX. Trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books, once they have established sufficient liquidity. But at this time, ZRX/GBP pair won’t be offered for trading.  

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ZRX is in transfer mode and will stay so for at least 12 hours from announcement so no order placements yet. The second stage involves posting limit orders but no matches i.e. completed orders. After this, the “limits orders will start matching but customers will be unable to submit market orders.” Finally, full trading services will be available that also includes limit, market, and stop orders.

Though ZRX trading will be accessible for the Coinbase pro users in most jurisdictions as per the official announcement, it won’t be available for the residents of the state of New York initially.

As of yet, ZRX is not available on the coinbase.com website and on their iOS and Android apps. Coinbase will be making a separate announcement for this.

“One of the most common requests we receive from customers is to be able to trade more assets on our platform. With the recent announcement of our new listing process, our customers can expect us to list most assets over time that meet our standards,” concludes Coinbase.

So, we can expect more tokens and coins open for trading on Coinbase and its other platforms soon.

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