06/12/18 08:00 UTC-4

US cryptocurrency-exchanges launched support for Zcash

Coinbase Crypto-Exchange adds support for Zcash
Coinbase Crypto-Exchange adds support for Zcash

Major US cryptocurrency exchange and Coinbase have launched support for Zcash (ZEC) in, Android and IOS Exchange applications.

In today's release of the company, it was announced: "Coinbase customers can now acquire, sell, send, receive and store ZEC. The coin will be available to customers in most cases, but initially customers from the United Kingdom and the New York State  will not be able to use this service."


Zcash transactions

Since Zcash is a digital currency based on a decentralized blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
designed to make transactions more private than they are in a blockchain of bitcoins, it deploys certain cryptocurrency features to protect the privacy of its users.

"Initially, customers can only send and receive ZEC to Coinbase from transparent and open addresses. In the future, we will consider support for sending ZEC to addresses in places where they comply with local laws."

The introduction of ZEC on the Coinbase Pro platform will be held in late November. Then the exchange noted that trade in ZEC/US dollar orders will begin only after enough liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details
has been established.

Zcash did not respond to the Coinbase ad, showing a decline of almost 10 percent per day, according to CoinMarketCap. The coin is tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
at $ 66.64 compared with yesterday's top of $ 77.73. The market capitalization of AltcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details
is about $ 358.9 million, and the daily trading volume is about $ 155 million.

Editor: Yuliya Soroka

See also: "Poloniex has opened a new offer for institutional traders"

#Coinbase #Crypto-Exchange #Zcash #platforms



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