Coinbase Adds Privacy-Centric Crypto Zcash to Pro Trading Exchange

Crypto exchange Coinbase Pro is adding privacy coin zcash to its listings.

The platform announced Thursday that customers can transfer zcash into its professional trading platform, though as with previous additions, users can not yet purchase the token until the exchange has established enough liquidity. Deposits will be accepted for at least 12 hours after the announcement at 18:00 UTC.

When trading is enabled, only Coinbase Pro users in most of the U.S., UK, European Union, Canada, Singapore and Australia will be able to access the coin. New York residents and other jurisdictions may receive access at a later date.

The exchange did not announce when or mobile app users would be able to begin trading the cryptocurrency.

Due to the nature of the privacy coin, full support is not yet being added. As the post explains, zcash offers both transparent and shielded transaction types, which show different amounts of information about a transaction. In particular, shielded addresses are anonymized, while transparent transactions are traceable, like bitcoin.

The post goes on to say:

“Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to transparent addresses. In the future, we’ll explore support for withdrawals to shielded addresses in locations where it complies with local laws.”

Market response

Upon official word of the listing from Coinbase Pro, the price of zcash began a significant uptick at 18:00 UTC. Just five minutes later the cryptocurrency had jumped 15 percent to reach a 9-day high of $99.13, according to data from the Binance exchange.

At the time of writing, ZEC has cooled off and is now trading at $93. The coin has accumulated $155 million in 24-hour trading volume across exchanges, according to data from CoinMarketCap.

Rachel Rose O’Leary and Sam Ouimet contributed reporting.

Zcash image via Shutterstock

Author: Nikhilesh De

Source link

Related posts

10 Thoughts to “Coinbase Adds Privacy-Centric Crypto Zcash to Pro Trading Exchange”

  1. Bilad Alrafidain University |Bilad |Alrafidain |college students

    … [Trackback]

    […] Read More Information here on that Topic: […]

  2. สล็อตวอเลท

    … [Trackback]

    […] Find More on that Topic: […]

  3. sbo

    … [Trackback]

    […] Here you can find 96428 additional Information on that Topic: […]

  4. Best Selling American Gun Brand

    … [Trackback]

    […] Info on that Topic: […]

  5. nice shop dumps cvv

    … [Trackback]

    […] Here you can find 19934 additional Information on that Topic: […]

  6. สินเชื่อเงินด่วน ไม่เช็คบูโร

    … [Trackback]

    […] Read More here to that Topic: […]

  7. flooring services

    … [Trackback]

    […] Find More on to that Topic: […]

  8. CBD for Anxiety

    … [Trackback]

    […] Find More to that Topic: […]

  9. Child porn CD’s

    … [Trackback]

    […] Find More Information here on that Topic: […]

  10. buy sig sauer guns

    … [Trackback]

    […] Here you will find 38037 more Information to that Topic: […]

Leave a Comment