Zcash (ZEC) is a cryptocurrency that uses recent advances in cryptography to allow users to protect the privacy of transactions at their discretion.
On November 29, Coinbase listed Zcash (ZEC) on its Coinbase Pro platform and opened deposits for it.
Once sufficient liquidity is established, trading on the ZEC/USDC order book will start. ZEC trading will initially be accessible for Coinbase Pro users in the US (excluding NY), UK, European Union, Canada, Singapore and Australia. Additional jurisdictions may be added at a later date.
Initially, the exchange will support deposits from both transparent and shielded addresses of Zcash, but only support withdrawals to transparent addresses. In the future, it will explore support for withdrawals to shielded addresses in locations where it complies with local laws.
The Zcash launch proceeds in for stages: Transfer-only (at least 12 hours), Post-only (minimum of 1 minute), Limit-only (minimum of 10 minutes), Full trading (full trading services are available).
“One of the most common requests we receive from customers is to be able to trade more assets on our platform. With the recent announcement of our new listing process, we anticipate listing more assets over time that meet our standards,” – writes the Coinbase team.
Announced in September, the new listing process begins with a form for issuers to submit assets for listing at Coinbase, which the exchange will evaluate against its digital asset framework.