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ZCash Gets Gemini Support After Delisting From Bittrex

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ZCash Gets Gemini Support After Delisting From Bittrex

ZCash Gets Gemini Support After Delisting From Bittrex
CONTENT

  • Three anonymous coins will be removed from Bittrex

  • Gemini Will Not Deliver ZCash

  • Anonymous coins rise in value

International consortium of news organizations developing transparency standards.

Popular altcoin with support for anonymity gets unexpected support from Gemini founder and CEO Tyler Winklevoss.

ZCash Gets Gemini Support After Delisting From Bittrex

Gemini is not going to remove ZCash from listing

The beginning of the year was marked by the delisting of several coins at once from the Bittrex cryptocurrency exchange. The site’s management decided to exclude three coins at once from the list of available for trading. On Friday, January 15th, all trading pairs with Dash, Monero and ZCash will disappear from the trading platform. And although the exchange itself does not explain the reasons for the delisting, users are sure that anonymous coins can attract the attention of regulatory authorities, so trading platforms prefer to get rid of them..

At the same time, the founder and CEO of the Gemini cryptocurrency exchange supported ZCash, calling it “the most undervalued altcoin”.

“Zcash $ ZEC is the most undervalued cryptocurrency at the moment. It ensures the confidentiality of money, which is the foundation of a free and open society. I am proud that Gemini is supporting this noble project with the approval of @NYDFS “, – wrote Tyler Winklevoss.

Twitter users supported Winklevoss’s statement and agreed that “it’s not always good for others to know how much money a company or a person has.” Anonymous coins just allow you to hide this information..

As a reminder, Gemini previously allowed the withdrawal of ZCash to anonymous wallets. The move is significant, as it sets a similar precedent for a regulated exchange, Winklevoss said. It also demonstrates that with the proper level of oversight and competence, regulators need not worry about anonymous cryptocurrencies..

Other users considered Bittrx’s decision quite logical, as the governments of many countries, in particular the United States, are trying to ban the use of anonymous coins. Note that in 2020, confidential coins were excluded from the list by the Japanese exchange Liquid, the American Coinbase and a number of others..

Anonymous coins are in demand

ZCash Gets Gemini Support After Delisting From Bittrex

Despite the upcoming delisting from the Bittrex exchange, ZCash is not going to lose in value. Altcoin prices remain stable now. But Monero has risen in price. Altcoin is up 3.22% in the last 24 hours and is trading at $ 137.54 at the time of writing..

A similar trend was observed in the market a year ago. In January 2020, anonymous coins showed record growth. In just a few days, the price of the Dash crypto coin has risen by more than 70%, and the ZCash has risen in price by 45%.

It is likely that anonymous coins will continue to rise in value amid a general surge in cryptocurrency investment. Note that in the first days of the new 2021, the price of bitcoin exceeded $ 34,000.

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