Amid Widespread Privacy Coin Delistings, Bitstamp Considers Zcash Support
Bitstamp, one of the oldest cryptocurrency exchanges, is exploring the prospect of adding Zcash to its list of trading instruments.
Due to the update of the FATF financial principles, more and more crypto exchanges are abandoning support for digital assets with a high level of confidentiality. However, the Luxembourg-based trading platform announced that it is considering supporting the ZEC..
Currently, the exchange is conducting a comprehensive examination of seven projects at once: Stellar, Ethereum Classic, Zcash, 0x, Basic Attention Token, Paxos Standard and USD Coin.
This is the first revision of Bitstamp’s listing of trading instruments in three years, and the addition of any new assets will require meeting strict selection criteria as well as regulatory approval in certain jurisdictions. Therefore, the exchange does not guarantee the listing of new coins, but strives for this..
In addition to tightening guidelines, the FATF intends to launch a global monitoring system cryptocurrency transactions.
The news came a few days after Coinbase confirmed the completion of work on «rebalancing» your index fund. It was thanks to the adjustments that the exchange representatives got the opportunity to enable ETC. It is noteworthy that earlier the coin became available on the Coinbase Pro platform, which is a new professional interface of the company, built on top of the existing GDAX trading engine..
The news also attracted attention as thanks to the inclusion of ETC in the Coinbase listing, users have the opportunity to work with the coin from the screens of their mobile devices..
The take-off (yellow rectangle) against the background of a positive news background was supported by the previously formed double bottom (marked with a green oval). Now the crypto community expects some correction, since the price was able to break out of the previously built trajectory. Considering further prospects, it should be noted that the coin in any case remains under the yoke of Bitcoin and other heavier altcoins..
Earlier, we wrote about Coinbase introducing a new financial instrument — tokens for shares of American companies.