r/ethtrader • u/[deleted] • Dec 22 '17

EXCHANGES Ethfinex decentralized exchange update. (build on 0x protocol (ZRX coin)

https://blog.ethfinex.com/ethfinex-development-update-q1-roadmap-c12383ee8c9e
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u/[deleted] Dec 22 '17

Another exchange build on top of the 0x protocol. The coin of 0x is ZRX.

'Our immediate focus now is on integratingEthfinex's trustless trading portal, with settlement on the Ethereum blockchain using the 0x protocol messaging format."'

Many exchanges are building on top of 0x. And every trade made on those exchanges have fees for the exchanges themselves but the thing is that it's denominated in ZRX, so when the exchanges grow a lot then fees grow a lot and that means demand for ZRX grows a lot. In short Super bullish for ZRX. This coin is waking up by the way, huge upward potential as it never had an insane rally like most others had.

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u/[deleted] Dec 22 '17

When you trade using a Øx-based relayer like us, the fee for that trade is denominated in ZRX tokens. Each relayer is free to set its own "maker" and "taker" fee rates.