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The famous San Francisco-based exchange, Coinbase, announced it would start accepting deposits in Zcash (ZEC). In a post on his blog Thursday, Coinbase said that in the next 12 hours, it would start with real trading. Obviously, cryptocurrency prices increase significantly when they receive a Coinbase list. In the case of Zcash, it was no different because the price increased significantly.
Tweet of Coinbase
Coinbase posted the message on Twitter, saying it would start trading ZEC from 10am PT. The exchange found that ZEC operators can now transfer the currency to their Coinbase Pro accounts. However, the post pointed out that merchants can deposit ZEC but can not complete and place orders at the moment. According to Coinbase, during the next 12 hours, the order books remain in transfer only mode.
The Twitter post had many followers of Coinbase that retweeting in support of the last addition of the exchange.
ZEC transaction on Coinbase
Cryptoasset investors consider ZEC to be one of Crypto's private privacy currencies in the industry. This is because it is possible to send "screened" transactions that no one can trace. Based on this provision, Coinbase Pro will allow deposits from both screened and transparent addresses early on. However, only transparent addresses can withdraw ZEC deposited on the exchange. Industry experts say this could be the result of regulatory and security concerns.
Since it was placed on Coinbase, the ZEC has increased by 14%. At the time of printing, the cryptocurrency trades at $ 92 USD. And every time that such news breaks, Twitter often explodes. Indeed, this is a great undertaking for ZEC. Reports indicate that New York residents will have to wait as the currency is not available on Coinbase.com or the mobile app.
Meet Coinbase
Involving the global cryptocurrency space, Coinbase is the king. Indeed, Coinbase is a virtual currency exchange based in San Francisco. In fact, Bitcoin Cash, Ethereum Classic, Bitcoin, Ethereum, Ethereum Classic, and legal currencies. And now, he has cataloged ZEC. Brainild of the duo Brian Armstrong and Fred Ehrsam, Coinbase's broad spectrum of cryptographic services covers 32 countries around the world.
Despite entering the crypto space in 2012, Coinbase continued to climb. For example, in 2017 the cryptographic exchange has declared revenue of $ 1B USD, making it one of the richest startups in the world. In addition, quarterly reports show that Coinbase has raised more money in 2018 than ever before. The story of Coinbase is incomplete without mentioning its personal strength. It has over 500 employees working 24 hours a day to meet approximately 13.3 million customers worldwide.
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