Major U.S. cryptocurrency exchange Coinbase has launched support for Zcash (ZEC) on its Coinbase Pro platform, according to a company blog post published Nov. 29.
Zcash is a cryptocurrency based on a decentralized blockchain, designed with the goal of making transactions more private than they are in the Bitcoin (BTC) blockchain. Zcash’s “view key” option is used to allow some individuals to see private information about users’ transactions. View keys may be used for an audit or sharing information without disclosing it publically.
Today’s announcement notes that the Coinbase Pro platform will start accepting inbound transfers of Zcash, while deposits will be accepted for at least 12 hours prior to enabling trading. Trading on the ZEC/U.S. dollar order book will begin only after sufficient liquidity is established.