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Coinbase Per quoted 0x (ZRX)-Token, the rate of increase of 14%

Coinbase Per quoted 0x (ZRX)-Token, the rate of increase of 14% & suspicion of insider trading

Home News Coinbase Per quoted 0x (ZRX)-Token, the rate of increase of 14% & suspicion of insider trading

Marcus Misiak –

Coinbase, one of the world’s most popular crypto currency exchanges, deposits for ZRX-tokens accepted since yesterday on Coinbase Pro. The ZRX-Token is the first Ethereum-based ERC20-Token, which is listed on the platform. This was announced by the stock exchange on Thursday in a blog post. For an announcement is expected in the next few days.

In the Blog post, the trade is gradually released hot it. Ultimately, Coinbase Pro will offer to the trade of the ZRX against the USD, EUR and Bitcoin:

We accept deposits for a minimum of 12 hours before we make the trade. As soon as sufficient liquidity is available, the trading with the order books ZRX/USD, ZRX/EUR and ZRX/BTC. The ZRX-trade will be for users in most countries, but not initially for residents of the state of New York will be available.

As with previous Roll-Outs, there will be four stages: Transfer-only, Post-only, Limit-only, and Full Trading.

Transfer-only: Since Thursday, the 11. October, at 10 a.m. PT, customers can transfer ZRX to your Coinbase Pro account. The customer may not place orders, or no orders from these order books. The order books to be kept for a minimum of 12 hours in pure Transfer mode.
Post-only: In the second stage, can the customer Limit order book, but there will be no Matches (completed orders). The order books are kept for at least one Minute in the Post-Only mode. This market condition can be kept short or extended to increase the health Market while the market introduction.
Limit-only: In the third stage, start the Limit Orders with the balance, but the customer can not market order. The order books are kept for at least 10 minutes in the Limit-Only mode.
Full Trading: In the final phase to be complete trade services offered, including Limit, market and Stop Orders.

It is important to know that Coinbase Pro “can at any time to suspend one of the new trading pairs, if the order talking books for a healthy and orderly market”.

When ZRX is also on available is still to be determined. However, it is assumed that the stock exchange of an imminent announcement, ZRX is also on Coinbase available. Already in March, the company will expand published a press release that it will be offer for Ethereum-based (ERC20) Token.

Coinbase loses 80% of its active customers

As Bloomberg yesterday reports that has lost Coinbase since the all time high of Bitcoin at US $ 20,000 in December 2017, around 80 percent of its active monthly users. Coinbase wanted to make no comment.

In this negative Trend for Coinbase, Coinbase has closed its index-Fund for wealthy investors. An Insider is said to have reported that the Fund has not aroused enough interest and less revenue, as the company had expected.

Insider trading before 0x introduction?

Already the introduction of Bitcoin to Cash (BCH) in the case of Coinbase was very messy. Prior to the announcement of the listing of Bitcoin to Cash at Coinbase, there was an extreme and sudden rise in price. Employees of the stock exchange were, in the suspicion of insider trading. An investigation by Coinbase itself, however, had found no evidence of this.

As a Twitter User reported now, there was a Buy Order for 87 BTC for ZRX on Binance, again before the announcement of Coinbase.

The rate of 0x (ZRX) is increased at the time of writing, already to 14%. Currently a ZRX is traded tokens for € 0.65.

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