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0x Protocol’s Token Jumps Over 50% After Coinbase Partnership

  • 0x Labs will power the newly launched Coinbase NFT marketplace
  • ZRX Trading volumes spike more than 3000% in last 24-hour

The native token of 0x protocol, ZRX, rallied over 50% after the Coinbase crypto exchange announced a partnership with the decentralized exchange infrastructure provider. 

Coinbase’s nonfungible token marketplace, a beta version of which went live on Wednesday, will be powered by 0x. ZRX rallied to $1.09 per token, its highest level since December, CoinMarketCap data showed. Trade volumes for the token spiked over 3000% in the last 24 hours.