Social trading cryptocurrency platform eToro has listed Zcash (ZEC), the privacy-focused cryptocurrency, on its platform.
The support of ZEC on the platform means eToro customers can now buy and sell the decentralized payment network that allows users to protect the privacy of their transactions.
Zcash becomes the 14th digital asset listed on the platform, joining the likes of Bitcoin, Litecoin, Stellar and Binance Coin (BNB), on the platform.
Yoni Assia, Co-founder, and CEO at eToro noted that currencies like ZCash have evolved how we transfer money.
“It is not surprising that others have taken on some of the core ideas behind Bitcoin and developed new payment networks with additional features – in the case of Zcash – privacy. We are excited to offer ZEC to eToro investors as they seek to diversify their crypto assets holdings.”
Speaking with CoinJournal, eToro U.S. Managing Director Guy Hirsch, explained the platform’s decision to list ZEC.
“eToro is always looking for top ranking crypto assets to include on our platform. Beyond market capitalization and traded volume, having a strong product roadmap and clear use case is are key factors in our decision to list a new token. Zcash has both of these; the talented team behind the project and privacy capabilities were key factors in our decision to offer it on our platform.”
According to its press release, ZEC will be added to eToro’s CryptoPortfolio, a feature on the multi-asset platform that enables investors to diversify their holdings across a variety of available cryptocurrencies.
Last year, eToro became the first platform to list the BNB outside Binance. The digital asset, which is the native token of the Binance exchange, took the total number of assets listed on the platform to 13. The trading platform also slashed transaction fees as part of an ongoing effort to drive more cryptocurrency adoption among investors.