Coinbase has added Zcash to the range of coins available for its retail customers to trade. This move comes less than a week after they added it to their professional trading platform.
The announcement came on Wednesday that users of coinbase.com, the Android and iOSapps can now buy, sell, send, receive and store Zcash. However, residents of the U.K and U.S state of New York will not have access to this service to start with.
When Coinbase Pro added support for Zcash last week the platform announced that only residents in the U.S. (excluding New York), UK, European Union, Canada, Singapore and Australia would be able to access the coin on their systems.
In a blog post Coinbase announced the listing of Zcash and included information about its built-in privacy. They noted that users can either send transparent or shielded transactions.
“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,” the post stated mirroring similar information in last week’s post.
Both Coinbase Pro, Coinbase will not support the sending of shielded transactions at this time, though customers can send both types of transactions to the exchange.
Coinbase has now listed three of the five tokens it first hinted at in July, including the Basic Attention Token and the 0x Protocol token. It has yet to add support for Cardano and Stellar lumens.
The “Coinbase effect” had resulted in Zcash’s price rising around 15 percent last week after Coinbase Pro announced support, however, Wednesday did not see such a boost.
The small rally was short-lived as the cryptocurrency is currently trading at $71.94 and is down around 3.5 percent on the day.