Coinbase Announces Launch of ZRX Token on Platform and iOS & Android Apps

Coinbase announced on October 16th that they would be adding a new token to their platform, which went live about 15 minutes after their Twitter post. The post said:

ZRX is launching at https://t.co/bCG11KveHS and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy and sell ZRX. We will update when ZRX is fully live. https://t.co/kzDisSZrFu

— Coinbase (@coinbase) October 16, 2018

The post offers a link to Coinbase’s blog on Medium, where they titled the post “Buy and Sell ZRX on Coinbase.” The blog expands on the tweet, explaining that ZRX will join the list of tradable assets, which also includes Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. Even though the token will be available for the majority of the locations with access to Coinbase, it will exclude United Kingdom and New York investors for now.

The addition of ZRX is likely to be an effort for Coinbase to meet the needs and requests that they’ve had from consumers, which is “to be able to trade more assets on Coinbase.” Just last month, they established a new process that would let users trade assets with greater ease. However, some of the reason that the blog said that they decided to establish the new process has to do with their subsequent addition of ZRX.

More changes are coming. Coinbase added,

“We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages , as well as a new section of the Coinbase website to answer common questions about crypto.”

New users should be able to buy and sell the ZRX tokens on the same day that they sign up.

Within the last 24 hours, the ZRX token has gone up by 14.45%, making the price per token $0.848804 in US Dollars. This pattern of increasing value is called the Coinbase effect, which simply suggests that digital assets tend to start increasing in value, often causing rallies for the newly added coins. No matter which way you look at it, getting into tokens either right before or right as they reach Coinbase could mean great profits.

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