sludgefeed.com
San Francisco-based cryptocurrency exchange Coinbase has announced that privacy coin Zcash (ZEC) will be the newest digital currency added to its Pro trading platform.
ZEC is launching on Coinbase Pro. Starting at 10am PT, customers can transfer ZEC into their Coinbase Pro account. Traders can deposit ZEC, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/5nADybxqKk
— Coinbase Pro (@CoinbasePro) November 29, 2018
According to the announcement, Coinbase Pro began accepting ZEC deposits at 10 AM (PST) on Thursday. The company notes that it will accept deposits for at least 12 hours prior to enabling trading.
Once sufficient liquidity is established, trading on the ZEC/USDC order book will start. ZEC trading will initially be accessible for Coinbase Pro users in the US (excluding NY), UK, European Union, Canada, Singapore and Australia. Additional jurisdictions may be added at a later date.
ZEC is currently trading for $85.55, up roughly 3% on the listing news. The altcoin now has a $457.9 million market cap, making it the 18th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
More: Zcash (ZEC) is launching on Coinbase Pro
Related: Sell the News: Basic Attention Token (BAT) Falls on Coinbase App Listing
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.