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Crypto exchange Coinbase Pro adds privacy Private zcash to its lists.
The platform announced Thursday that customers could transfer zcash to its professional trading platform, although, as with previous additions, users can not yet buy the token until the stock market has not put in place enough cash. Deposits will be accepted at least 12 hours after the announcement at 18:00 UTC.
When trading is enabled, only Coinbase Pro users from most US, UK, EU, Canada, Singapore and Australia will be able to access the coin . Residents of New York and other jurisdictions can access it later.
The exchange has not announced when users of coinbase.com or mobile apps could start exchanging cryptocurrency.
Due to the nature of the piece of privacy, the full support is not added yet. As the post explains, zcash offers transparent and protected transaction types, which display different amounts of information about a transaction. In particular, shielded addresses are anonymized, while transparent transactions are traceable, such as bitcoin.
The message continues:
"At first, we will support transparent and shielded address repositories, but we will only support withdrawals to transparent addresses. In the future, we will explore the possibility of taking withdrawals to shielded addresses in locations where it complies with local legislation. "
Market response
According to official information from Coinbase Pro's list, the price of zcash began to increase dramatically at 18:00 UTC. Just five minutes later, cryptocurrency had jumped 15 percent to a record high of $ 99.13 in 9 days, according to data from the Binance Exchange.
At the time of this writing, ZEC has declined and is now trading at $ 93. According to CoinMarketCap data, the coin has accumulated a 24-hour trading volume of $ 155 million.
Rachel Rose O'Leary and Sam Ouimet contributed to the story.
Zcash image via Shutterstock
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