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Zcash: KuCoin lists the ZEC cryptocurrency
Zcash: KuCoin lists the ZEC cryptocurrency
Blockchain

Zcash: KuCoin lists the ZEC cryptocurrency

By Alfredo de Candia - 4 Jul 2019

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As announced a few hours ago by KuCoin, the exchange has listed the cryptocurrency Zcash (ZEC).

It has been possible to deposit and trade ZEC from yesterday and, from tomorrow July 5th, it will be possible to proceed with withdrawals. The supported trading pairs are ZEC/BTC and ZEC/USDT.

This is good news for both the exchange, which recently announced that it will launch its OTC (Over The Counter) trading platform, and for Zcash (ZEC), whose CEO Zooko Wilcox recently made an announcement that did not give hope for the future of the cryptocurrency.

Yesterday, the value of ZEC has undergone a fluctuating trend, going from a minimum of $101 to a maximum of $106, according to CoinMarketCap data.

KuCoin and the OTC platform

The Over The Counter platform launched by KuCoin a few days ago, will initially only cover the USDT/CNY pairing, namely Tether and the Chinese Yuan. During the initial operations, fiat-token trading will be temporarily closed for 8 hours each day, namely from 00:00:00 to 07:59:59 (UTC+8).

The custody service

In April, KuCoin opened a crypto custody service thanks to a partnership with the company Arwen.

Basically, KuCoin users will no longer have to send their crypto to the exchange wallet, but they can trade them safely while maintaining direct custody. 

KuCoin trading operations will now be executed via a second-layer blockchain protocol that allows traders to benefit from all the liquidity and speed of a centralised order book, but with the security of a DEX.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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