0x Price Up 15% After Launching on Coinbase Pro

Coinbase Pro General Manager David Farmer announced on Oct. 11 that ZRX token is now on Coinbase Pro.ZRX is launching on Coinbase Pro! The ZRX/USD, ZRX/BTC, and ZRX/EUR order books have entered transfer-only mode.

Traders can deposit ZRX, but cannot yet place or fill orders.

Order books will remain in transfer-only mode for at least 12 hours.

"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.".

Four-Stage ProcessThe implementation of ZRX will be carried out in four stages, for three different order books: ZRX/USD, ZRX/EUR, and ZRX/BTC. Farmer said that Coinbase will monitor these books and if they do not meet Coinbase's trading requirements, they could be kept in a certain stage for longer.

Coinbase will live-tweet each phase as it moves through.

Currently, all three order books are in phase one: the transfer-only phase.

They'll remain there for at least the next 12 hours, and Coinbase Pro customers won't be able to place orders.

Phase two will be the "Post only" phase, allowing users to post orders without those orders being filled yet.

Next will be limit only, here limit orders will start being matched and require Coinbase customers to submit market orders.