eToro Adds ZEC to its Expanding Cryptocurrency Portfolio
eToro has added ZCash (ZEC) to its rapidly expanding cryptocurrency portfolio. With a market valuation of over $300 million, ZEC is the 14th digital currency on the multi-asset investment platform.
ZCash is a decentralized and open-source digital currency which was launched in 2016. Exchanges highly regard it for its protection and specific straightforwardness. Zooko Wilcox, the founder and CEO of ZCash says ZEC is a blockchain cryptocurrency that allows private exchanges in an open blockchain. “It permits organizations, buyers and new applications to control who gets the chance to see the points of interest of their exchanges.” Wilcox says with ZCash, investors have the option of protected exchanges. “It takes into account substance to be encoded utilizing progressed cryptographic strategy.” Wilcox also said that ZEC has two types of addresses, unshielded and shielded.
With over six million uses from 140 countries, eToro offers unique social features. The platform allows its customers to purchase the assets, as it acts as a custodian, holding the cryptocurrency on behalf of them. Moreover, eToro’s CryptoPortfolio promotes simple diversification.
Besides ZEC, one can trade Ethereum, Bitcoin, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA and BNB on eToro.