Coinbase Lists Zcash

Coinbase users can now buy, sell, send, receive, or store Zcash.

Zcash support is available to customers in most jurisdictions, with the exception of New York state and the United Kingdom.

Zcash launched on Coinbase Pro last week.

Zcash focuses on privacy. Coinbase addressed the partial support it would offer for shielded transactions:

In both cases, the unencrypted/transparent version of the protocol allows third parties to see metadata associated with the communication or transaction, while the encrypted/shielded version protects this information. Initially, customers can send ZEC to Coinbase from both transparent and shielded addresses, but only send off Coinbase to transparent addresses. In the future, we’ll explore support for sending ZEC to shielded addresses in locations where it complies with local laws.

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