The American cryptocurrency exchange Coinbase on Thursday evening reported that it was preparing to make a listing of Zcash (ZEC).
Users can already make deposits in ZEC, waiting for the start of trading. Deposits will be accepted for at least 12 hours before the exchange moves to the next listing stage. As soon as sufficient liquidity is assured, Coinbase will open the ZEC / USDC bid book. Initially, ZEC trading will be available to Coinbase Pro users in the USA, EU, Canada, Singapore and Australia. Later, other jurisdictions may be connected to trading.
At the first stage, Coinbase plans to provide support for deposits from both transparent and protected (anonymous) cryptocurrency addresses, while withdrawal of funds will be available only to transparent addresses. In the future, the company will consider the possibility of withdrawing funds to anonymous addresses in those jurisdictions where the law allows it.
As usual, the listing of a new asset on Coinbase Pro will be carried out in four stages: replenishment of accounts, execution of limit orders, comparison of limit orders and the opening of full functionality.
The company also notes that it is often asked if it will list other digital assets. “We expect that over time we will be listing a much larger number of assets that meet our standards, thanks to a new listing policy” firm replies.
Against the background of this news, the Zcash rate has risen by 15% by the time of publication.