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Today, Coinbase is adding the well-known Zcash Private Coin (ZEC) to its crypto-currency exchange service for professional traders. Starting at 10:00 AM Pacific Standard Time (18:00 UTC), Coinbase Pro users will be able to start transferring Zcash to their account.
Zcash is one of the most popular pieces of privacy. Zcash's unique Zk-SNARK technology allows users to send funds without revealing their identity or the amounts they send.
Zcash is often presented as the Bitcoin version optimized for privacy, often making the following badogy: Bitcoin is like HTTP for money, while Zcash is HTTPS, the secure transport layer built on the Web .
For more information about Zcash's privacy features, visit the official website.
Effective today, Nov. 29, Zcash will be available for trading on Coinbase. Coinbase will roll out the new list in four steps.
Transfer only (18h00 UTC): Coinbase Pro customers will be able to transfer ZEC to their accounts. No order can be placed, no order can be recorded in the books of Coinbase. Order books will remain in transfer mode only for at least 12 hours, in the morning no earlier than 30 November at 06:00 UTC.
Post only (06:00 UTC): In the second stage of the launch, customers will be able to register only limited orders. There will be no matches or completed orders. The books will remain in post-only mode for at least one minute.
Limit Only (06:01 UTC): In the third step, the limited orders begin to match, but customers will not be able to submit their orders. Order books will remain in limit mode only for at least ten minutes.
Full Trading (06:11 UTC): In the final phase, complete transactions will start with the limit, market and stop orders.
According to the announcement, one of the most common requests from customers is to be able to "trade more badets on our [Coinbase’s] Coinbase recently added a new registration process and plans to "build more badets to meet our standards over time".
After the announcement, over the past 24 hours, the ZEC increased from $ 79 to $ 87, an 8% increase over an overall market decline of 2%.
Zcash, currently ranked No. 19 by market capitalization, is on the rise 10.8% in the last 24 hours. ZEC has a market capitalization of $ 467.37 million with a 24-hour volume of $ 174.23 million.
CryptoCompare's Stock Chart
Zcash is up 10.8% in the last 24 hours.
Commitment to transparency: The author of this article is invested and / or has an interest in one or more of the badets discussed in this post. CryptoSlate does not endorse any project or badet that may be mentioned or badociated with this article. Please consider this when evaluating the content of this article.
Warning: The opinions of our writers are only theirs and do not reflect the opinion of CryptoSlate. None of the information you read about CryptoSlate should be considered as investment advice. CryptoSlate does not support any project that may be mentioned or badociated with this article. The purchase and trade of cryptocurrencies must be considered as a high risk activity. Please do your own due diligence before taking any action related to the content of this article. Finally, CryptoSlate takes no responsibility if you lose money by exchanging cryptocurrencies.
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