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Coinbase keeps adding chips, ZCash Next
In an announcement made Thursday morning, it became clear that Coinbase Pro, the startup's professional trading platform, was launching ZCash support (ZEC), one of the most popular coins in this emerging market.
ZEC launches on Coinbase Pro. Starting at 10am Pacific Time, customers can transfer ZEC to their Coinbase Pro account. Merchants can deposit ZECs, but can not place or execute orders. Order books will remain in transfer mode only for at least 12 hours. https://t.co/5nADybxqKk
– Coinbase Pro (@CoinbasePro) November 29, 2018
According to the release on the subject, starting at 10:00 am PST Thursday, Coinbase Pro will begin accepting incoming transfers (deposits) of ZEC tokens. ZCash repositories should be activated at least 12 hours before the ZEC negotiation is put into production.
As a first step, Coinbase intends to launch ZEC trading for its USDC pair, but will only do so when "sufficient liquidity has been established".
For the time being, probably due to regulatory constraints, ZCash deposit, withdrawals and transactions will be activated for Coinbase customers in the United States (with the exception of the State of New York). ), the United Kingdom, Canada, Singapore and Australia. Other justifications supported can be added later, pending regulatory approval and other supporting statements.
Like other recent Coinbase Pro announcements, such as Ethereum Clbadic (ETC), 0x (ZRX) and Basic Attention Token (BAT), ZEC / USDC will be launched through a four-step process: transfer only, post-only , limit-only, and the complete trade.
For more details on these steps, please see the Coinbase Announcement.
Indicated for two days
Interestingly, as The Block's cleverly named Larry Cermak and Adolfo Luzardo on Twitter, the latest addition to Coinbase was announced two days ago, through a small problem on the Android application of Coinbase.
Anyone who saw this 2 days ago could have achieved a solid 15% return. https://t.co/TmuPrWwxix
– Larry Cermak (@ Lawmaster) November 29, 2018
This visual incident is actually not the first of its kind. As previously reported by Ethereum World News, prior to the official addition of ZRX to Coinbase, the badet was actually on the stock market tax calculator, another flagrant leak.
Woops!
ZEC gains ground in the mixed bag market
At the time of writing this article, due to the so-called "Coinbase Effect" effect, ZEC has made a quantum leap, posting a 15% gain in a mixed bag market. The value of ZEC is now estimated at USD 92, as buying pressure continues to skyrocket in badets.
This is a story in development, so Ethereum World News is sure to keep you informed!
Title Image Courtesy of Marco Verch via Flickr
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