Coinbase will be launching Zcash on their Coinbase Pro trading platform, traders will be able to send deposits from the 29th November with trading scheduled to start on the platform 12 hours later.
Zcash is a cryptocurrency that uses recent advances in cryptography to allow users to protect the privacy of transactions at their discretion.
“Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to transparent addresses,” a statement said.
ZEC trading will initially be accessible for Coinbase Pro users in the US (excluding NY), UK, European Union, Canada, Singapore and Australia. Additional jurisdictions will be added at a later date.
Zcash is today the 19th biggest cryptocurrency and has a market cap of close to $0.5 billion. Zcash spiked in price over 10% to $91 on the news of the Coinbase listing.
Singapore, Singapore, 19th September 2024, Chainwire
Grand Cayman, Cayman Islands, 12th September 2024, Chainwire
Warsaw, Poland, 20th August 2024, Chainwire
Singapore, Singapore, 20th August 2024, Chainwire
Grand Cayman, Cayman Islands, 26th July 2024, Chainwire
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