Zcash Rallies After Latest Relisting Announcement From Major Exchange
Zcash surged over 12% after OKX announced it would relist the privacy-focused cryptocurrency.Summary
Zcash (ZEC) experienced a significant rally, surging more than 12% to trade near $600 after the major exchange OKX announced it would resume spot trading for the ZEC/USDT pair. This move reverses OKX's previous delisting of ZEC in 2023 due to compliance concerns. The decision is linked to ZEC's recent strong outperformance against Bitcoin and a perceived post-election regulatory thaw that is encouraging platforms to re-integrate privacy protocols. The resurgence has sparked a debate on Wall Street: Bloomberg's Eric Balchunas warned that focusing on privacy coins like Zcash could fragment institutional capital away from Bitcoin's consolidation efforts, comparing Zcash to a 'third-party candidate.' Conversely, asset managers like VanEck CEO Jan van Eck argue that investors are rotating into Zcash due to fundamental flaws in Bitcoin, such as surveillance risks and quantum-encryption concerns, viewing Zcash as a necessary complement rather than a competitor.
(Source：BeInCrypto)