Australian bitcoin and cryptocurrency exchange CoinJar has announced the listing of listing Zcash (ZEC), meaning that for the first time in Australia, cryptocurrency traders and investors will have access to a ZEC/AUD trading pair using an order-book through CoinJar Exchange.
Zcash (ZEC) is a leading privacy coin and will be listed alongside Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).
Traders and investors can hedge their ZEC holdings against major fiat pairings including Australian Dollars (AUD), Great British Pounds (GBP), Euros (EUR) and US Dollars (USD) to temporarily protect their portfolio from price fluctuations.
CoinJar customers will now be able to send and receive Zcash with their CoinJar wallet, pay bills via BPAY using ZEC, and can purchase everyday items using CoinJar Swipe, Australia’s first digital currency EFTPOS card.
The addition signifies CoinJar’s intent to expand its digital currency offering, according to CoinJar’s CEO, Asher Tan.
“We are incredibly selective over which assets we add and feel that Zcash is a meaningful addition to our existing portfolio of four digital assets. At this time, we will only support Zcash transparent addresses, but we aim to adopt and support shielded addresses at the first opportunity,” said Mr. Tan.
Zcash was launched in 2016 by security specialist Zooko Wilcox and is a decentralized and open-source cryptocurrency forked from the Bitcoin blockchain. Zcash boasts a panel of impressive advisors including Ethereum founder Vitalik Buterin and its blockchain provides strong privacy protections for users through its zero-knowledge proof protocol, ‘zk-SNARKS’.
The Zcash listing is the latest in a busy year from CoinJar and follows the recent launch of the CoinJar Digital Currency Fund, Australia’s first index-style fund, and CoinJar Exchange, the fastest cryptocurrency exchange in the Australian market.