Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Zcash Forum => Topic started by: PRIBO247 on November 29, 2018, 10:54:20 PM
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Coinbase Pro , the exchange platform of Coinbase announced
this morning that Zcash (ZEC) holders can start sending their
funds to their accounts on the exchange.
According to the announcement on Coinbase official blog,
Coinbase Pro started accepting deposits at 10am today 29
November 2018 and the deposits will last for at least 12 hours
after which sufficient liquidity is expected to be established
before trading will be enabled for ZEC.
Within the 12 hours from when deposits are accepted, ZEC
launch will go through four stages, the first being “transfer-
only” which started at 10am today. The second phase is the
“post-only” stage which allows customers to post limit orders
with no matches. Thirdly, users will enter the “limit-only”
stage during which limit orders will start matching but
customers cannot submit market orders. Finally after 12
hours, full trading will be enabled that includes every thing.
Although the reason was not mentioned and more locations
will be added subsequently, only Coinbase users from the U.S
(New York excluded), E.U., the United Kingdom, Canada,
Singapore, and Australia will enjoy the service for now.
Zcash (ZEC) is number 19 cryptocurrency by market
capitalization and one of the privacy coins known in the crypto
space. Its advanced cryptography sets it apart and gives users
the privacy of transaction when they want it.
The cryptocurrency has both shielded and transparent
addresses depending on the user’s needs, both of which are
supported for deposits. Withdrawals however are restricted to
transparent addresses for now and shielded addresses
eventually for areas where such withdrawals do not violate
local laws.
As expected, this announcement has caused a boost in Zcash
(ZEC) price reaching up to $92 today although it has dropped
to ~$85 at press time according to Coinmarketcap.com. The
market may still bounce back for ZEC especially when trading
is enabled for the asset.
Coinbase had added Ethereum Classic (ETC) , 0x (ZRX) , and
Basic Attention Token (BAT) to Coinbase Pro earlier this year
and this week added Ethereum Classic to its wallet. The
startup strives to be the most secure exchange and wallet and
this is particularly good for ZEC as security is a serious issue
in the industry at the moment.
Users have made several requests for addition of more assets
and Coinbase Pro intends to add more suitable assets with
time. For now, ZEC trading is available only for its USDC pair
but the USD pair may be added eventually.
Source : https://zycrypto.com/news-flash-coinbase-adds-zcash-zec-on-its-exchange-trading-platform/
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Than I strongly believe ZEC will have a recovery in this week, a good new for those holders who still holding ZEC at this moment ;D
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I think Zcash (ZEC) is number 19 cryptocurrency by market capitalization and one of the privacy coins known in the crypto space. Its advanced cryptography sets it apart and gives users the privacy of transaction when they want it.