On Thursday, January 24, the eToro crypto exchange announced in a Twitter post that it has added privacy coin ZCash to its trading list. Users are now free to conduct trading operations with this coin without having to worry that their transactions will be traced for whatever reasons.
Zcash is now available on eToro.— eToro (@eToro) January 24, 2019
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.
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Crypto asset #14
ZEC is now virtual token number 14 that eToro is trading with. Among other coins are his majesty Bitcoin, Stellar, Litecoin and Binance Coin (BNB). The latter has recently jumped from place #13 to #12 on Coinmaketcap.com.
The CEO of eToro, Yoni Assia, has commented on the event, saying that privacy-driven coins, such as ZCash, are an advanced method of money transferring. As per him, the exchange is happy to give its customers one more asset for diversifying their investments.
Why eToro chose ZEC
The Managing Director of eToro’s US branch, Guy Hirsch, mentioned in an interview that the principle on which eToro adds new coins for trading, apart from the market cap value and the trading volume, includes the token’s utility cases and a strong, realistic roadmap. Hirsch said that ZCash meets all the necessary requirements here.
The company’s press release says that eToro will add ZCash to its CryptoPortfolio feature, which is a mini-asset platform for trading.
In 2018, eToro was the first platform to add Binance Coin (BNB). It was coin #13 on the platform. The company also reduced fees to attract more investors and stimulate faster adoption of virtual currencies among them.
Two days ago, eToro also announced on Twitter that it is about to delist the volatility index (VIX) short-term futures VXX ETN as of January 30 – the day when it becomes mature. The company warns that all trades must be closed by January 29.
Alert 🚨🚨🚨— eToroService (@eToroService) January 23, 2019
The VXX ETN, which tracks the VIX volatility index, will mature on January 30th, 2019, and will no longer be available for trading. Therefore, all open VXX positions on eToro will be closed on January 29th, when markets close.