eToro adds Zcash (ZEC) cryptocurrency to its trading platform

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eToro, a popular multi-asset trading platform, listed Zcash on their trading platform, according to the announcement released by eToro team on Thursday, January 24.

“As our selection of cryptocurrencies continues to grow and expand, we are happy to introduce the most recent addition: Zcash. You can now buy and sell real Zcash on eToro,” the company said in the announcement.

Launched in 2016, Zcash cryptocurrency was designed to offer enhanced privacy compared to other blockchains. Like Bitcoin, Zcash has a hard-capped total supply of 21 million tokens, gradually being released into circulation. It is currently ranked the 21st-largest crypto by market capitalization, according to Coinmarketcap.

It is yet to be seen what impact this lisitng will have on Zcash token price. At the time of writing, Zcash is trading just above $53 price point on Bitfinex exchange and is up by 1.14% today. As of Thursday, January 24, the total market cap of Zcash, a privacy-protecting digital currency, is $306,796,231, according to the data from Cryptolization.

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eToro stressed that there will be some limitations on the first trading day. “Please note that there is a daily investment limit for Zcash and that it might be periodically unavailable for new investment throughout the day. The closing of open trades will be available at any time,” eToro team said today.

About Mantas Malukas

Mantas is the founder of DappLife, crypto investor and an online entrepreneur who has professionally immersed in digital publishing and development for over a decade.