Coinbase announces support for Zcash cryptocurrency

The leading US cryptocurrency exchange and provider of the eponymous wallet Coinbase announced the start of support for the privacy-oriented cryptocurrency users Zcash.
The first step is announced Zcash support on the Coinbase Pro exchange, and users already have the opportunity to make deposits. Trading in the pair ZEC / USDC will start after the cryptocurrency will be provided with sufficient liquidity, the company said.

According to the already established tradition, the listing of a new asset on Coinbase Pro is carried out in four stages: replenishment of accounts, execution of limit orders, comparison of limit orders and opening of full functionality.

As Coinbase notes, deposits will be accepted for at least 12 hours before the next listing stage is launched. Initially, ZEC trades will be available to Coinbase Pro users in the United States, European Union countries, Canada, Singapore and Australia. Other jurisdictions may be connected to trading at a later stage.

Note that at the initial stage, Coinbase plans to provide support for deposits from both transparent and secure (anonymous) addresses, but withdrawals 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 legislation allows it.