Zcash Launches on Coinbase Pro: Ramping-Up Listings

Published on by Cryptoslate | Published on

Today, Coinbase is adding the popular privacy coin Zcash to its cryptocurrency exchange service for professional traders.

Starting at 10 am PST, Coinbase Pro users will be able to start transferring Zcash into their accounts.

Zcash is often touted as the privacy-enhanced version of Bitcoin, oftentimes making the following tech-oriented analogy: Bitcoin is like HTTP for money, while Zcash is HTTPS, the secure transport layer built on top of the web.

Starting today, Nov. 29th, Zcash will be available for full trading on Coinbase.

Coinbase will roll out the new listing in four stages.

Transfer Only: Coinbase Pro customers will be able to transfer ZEC into their accounts.

No orders can be placed, nor can any orders be filled on Coinbase's books.

Order books will remain in transfer only mode for at least 12 hours, lifting at earliest on Nov. 30th at 06:00 UTC. Post Only: In the second stage of the launch, customers will only be able to post limit orders.

Limit Only: In the third stage, limit orders will start matching, but customers will not be able to submit market orders.

According to the announcement, one of the most common requests from customers is to be able to "Trade more assets on our platform." In response to that, Coinbase has recently added a new listing process and anticipates "Listing more assets over time that meet our standards."

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