Could the bear be tamed by an Ox?

Ox is now listed to buy, sell, receive and send from the Coinbase wallet.

The listing is the first ERC-20 token to be sent and held in any Ethereum wallet.

As reported by coinrivet last week, the listing comes after users found new tax reports in an updated tools section of the Coinbase website.

In the past, Coinbase has pointed to the technical barrier it needs to overcome in order to successfully launch new assets on the platform. The adding of Ox would have required a build on top of the existing Ethereum wallet to add a layer for ERC-20 tokens. With this new layer now in place, it should be easier than ever to list more tokens hosted on this standard.

What’s listing next?

Ox was not the only coin to pump in recent days as another ERC-20 – the Basic Attention Token (BAT) – also saw double-digit gains on the same day 0x was listed. BAT is usable with the Brave internet browser.

It is the browser of choice for many in this space due to its in-built privacy and support mechanisms that work with the majority of dApps being developed. The popularity of the browser is hard to track because Brave camouflages as Chrome and, therefore, does not show up. However, they claim to have more than 1.4m active users. If BAT were to be the next listing it should ‘plug’ into the Coinbase platform in a similar way to the Ox listing.

A new Alt season?

When looking from a TA perspective, ZRX is one of the only large-cap alt coins to have broken out of resistance with a falling retest taking place in early October. It’s too early to say if this coin will  be the catalyst for a new ‘alt season’ but 20 million people with a new token to buy (under the psychological $1 price point) may think to themselves to have a punt on a couple of ZRX – even if they have no idea what the project does…

Click here for our Bitcoin (BTC) for beginners guide.

https://dev.coinrivet.com/blockstream-launches-liquid-sidechain-lbtc/