0x is an open-sourced platform that is designed to conduct peer to peer to exchange of Ethereum based tokens or ERC20 tokens. That platform is built on the Ethereum blockchain itself and is usually referred to as a Decentralized Exchange (DEX). the 0x crypto exchange provides users with a platform that is capable of exchanging a variety of tokenized assets such as stocks, precious metals like gold, real estate, video game items, and much more. The platform also promises interoperability between multiple Decentralized Applications (DAPPS) that carry exchange components within their system. The platform has its own Ethereum-based ERC20 token called ZRX. The token has mainly two different uses in the 0x network, the first is as a crypto token that is used for rewarding and paying the fees of the Relayers for their service towards the platform. The second use of the token is to enable the owners of the token to make vital decisions about the governance of the platform through a voting consensus. This means that owners of the ZRX coin have the authority to provide vital inputs as to how the platform should be run. This authority is directly proportional to the amount of ZRX coins the individual holds with them.

0x (ZRX) platform was first created in 2016 by Co-Founders Will Warren and Amir Bandeali. The aim of these developers was to create a standard protocol that was based on the Ethereum blockchain that would allow any type of ERC20 token to be traded on the 0x (ZRX) platform while providing a Decentralized Exchange (DEX) for any interested parties. The platform (ZRX) also allows users to trade assets and other cryptocurrencies using the Ethereum-based Smart Contract system. The developers of the 0x platform also created a consumer-based product known as 0x OTC that works using the 0x (ZRX) protocol. The 0x OTC allows users to conduct peer to peer exchange of Ethereum-based ERC20 tokens without requiring a Relayer as long as both the parties are able to connect directly with each other.

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