Cryptocurrency Exchange

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.

James Voss

James Voss is a full time writer in CryptoLighty. He holds post graduate degree in computer science and has around one year experience in writing about cryptocurrencies. His technical knowledge and passion for crypto led him to our reporting team. He also interested in analyzing cryptos by technical aspects like different charts.

Recent Posts

How tokens and NFTs provide real-world value to Crypto gamers?

Most traditional in-game assets are non-transferable, meaning that players cannot sell them to other players…

5 months ago

Decoding Tether (USDT): Navigating the cryptocurrency landscape in 2024

Tether(USDT) is a strong contender in the cryptocurrency ecosystem as a stablecoin whose value is…

9 months ago

Breaking down Ripple’s (XRP) important partnership: What you must know

Uphold has shown support for Ripple. Among other things, the highly recognized partnership entails pre-funding…

1 year ago

Bitcoin Cash and Bitcoin: Understanding the key differences

While the ecosystem of cryptocurrencies is broad, it has various shining examples of these digital…

1 year ago

Monero: Navigating the future of privacy coin in a world of evolving regulations

The world of finance in the present-day scenario has changed remarkably and turned out privacy…

1 year ago

Binance Convert Adds Terra Classic and Terra Classic USD

Binance Convert now supports Terra Classic (LUNC) and Terra Classic USD (USTC). Currency holders can…

2 years ago