Trade ZRX/USD
0x Protocol / US Dollar
0x Protocol is open-source infrastructure for decentralized exchange, providing the smart order routing, settlement contracts, and RFQ quote system that aggregators and wallets use to source the best trade prices across fragmented DeFi liquidity.
Specifications
About 0x Protocol (ZRX/USD)
0x was founded by Will Warren and Amir Bandeali in 2016 and launched one of the earliest DEX protocols on Ethereum. Rather than building a single exchange, 0x created open protocol infrastructure that any application could use for decentralized settlement, separating the order book and matching logic from on-chain settlement. The 0x API aggregates liquidity from dozens of DEXes and uses a professional market-maker RFQ (Request for Quote) system to provide prices competitive with centralized exchanges. MetaMask Swap, Coinbase Wallet swap, and many other consumer-facing swap interfaces route through 0x infrastructure. The Matcha aggregator is 0x’s own consumer trading product. ZRX, the protocol’s governance token, was distributed through one of Ethereum’s first significant public token sales in 2017. 0x has expanded into NFT swap infrastructure, allowing ERC-721 and ERC-1155 swaps through the same protocol framework. ZRX/USD on StoicFX is a CFD, no ZRX tokens are purchased or held on your behalf.
Key Price Drivers
- DEX aggregator volume through MetaMask Swap, Coinbase Wallet, and other integrations
- RFQ market maker ecosystem depth and price improvement quality
- NFT marketplace adoption of 0x settlement contracts
- Governance decisions on protocol fee structures for 0x-settled trades
Peak Trading Hours
Layer 2 and infrastructure token CFDs trade around the clock on StoicFX MT5. Volume concentrates during US and European hours, when developer announcements and scaling-related news typically break.
US and European business hours (13:00-21:00 UTC)
Major Ethereum upgrades and shifts in the L2 competitive field can move scaling tokens at any hour. Available on MT5 from Monday 00:00 to Friday 23:59 UTC.
How to Trade ZRXUSD on StoicFX
Open an Account
Register for a live or demo account in minutes.
Fund Your Account
Deposit via bank transfer, card, crypto, or e-wallet.
Find ZRXUSD in MT5
Open MetaTrader 5, search for ZRXUSD in Market Watch, and add it to your chart.
Place Your Trade
Set your lot size, stop loss, and take profit, then execute your order.
FAQ
How does 0x Protocol differ from Uniswap or Curve?
Uniswap and Curve are DEXes, they have their own liquidity pools and directly execute trades against those pools. 0x is infrastructure that other applications build on top of: it provides settlement contracts, an API that aggregates liquidity from Uniswap, Curve, and dozens of other sources, and an RFQ system connecting to market makers. When you use MetaMask Swap, you are trading through 0x’s aggregation layer, which might source liquidity from Uniswap, a market maker RFQ, or a combination of both. 0x does not compete with Uniswap, it uses Uniswap as one of many liquidity sources.
What is the RFQ system and why do market makers use it?
RFQ, or Request for Quote, is a professional trading model where a user’s swap intent is sent to market makers who respond with firm price quotes in milliseconds. Market makers participating in 0x’s RFQ system are typically quantitative trading firms that can price assets efficiently and offer tighter spreads than AMM pools for many token pairs, especially for larger trade sizes. For users, RFQ-sourced prices can be significantly better than AMM pool prices for trades above a few thousand dollars because market makers can price without the AMM’s price impact formula. 0x’s aggregator selects RFQ or AMM liquidity depending on which provides the better price for each trade.
How does 0x handle NFT swaps differently from token swaps?
Token swaps use fungible ERC-20 contracts where amounts can be combined and split. NFT swaps deal with unique ERC-721 tokens and multi-copy ERC-1155 tokens where each item has specific identity. 0x’s NFT infrastructure provides on-chain offer and counter-offer mechanisms, collection-wide bid functionality, and bulk swap execution that allows multiple NFTs to be traded in a single transaction. Applications building NFT marketplaces can use 0x’s settlement contracts rather than writing their own, benefiting from security audits and the liquidity network effects of a shared settlement layer.
If I trade ZRX/USD on StoicFX, do I hold any ZRX tokens?
No. ZRX/USD on StoicFX is a Contract for Difference. You trade ZRX’s price against the US dollar without owning any tokens. To participate in 0x governance, stake ZRX, or use 0x’s protocol infrastructure for building applications, you would need actual ZRX tokens in an Ethereum-compatible wallet.
Start Trading ZRX/USD
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CFDs are complex instruments and carry a high risk of rapid capital loss due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.