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

April 21, 2022, 12:25 PM UTC
Sidhartha Shukla
Sidhartha Shukla
Bloomberg News

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.

Read more: Coinbase, in Need of Growth, Launches NFT Marketplace at Last

“We’re thrilled that Coinbase is using 0x to power their new social marketplace for NFTs and anticipate this launch ...

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