Leading investment platform eToro continues down the path of expanding its cryptocurrency offering with the addition of ZCash (ZEC) to its product range, bringing the total number of cryptoassets available on eToro to 14.
ZCash, launched in 2016, is known for its greater privacy options and was co-founded by Johns Hopkins University’s cryptographer Matthew D. Green amongst its founders. The decentralized payments network allows for both transparent and shielded transactions. The former means the network operates much like Bitcoin, and the latter means sender, recipient, and payment values are not published on a public blockchain. The ZCash network allows for payment audits to be completed, but only at the user’s discretion.
Yoni Assia, Co-founder and CEO at eToro, commented:
“The way in which we transfer money from person to person, or company to company is constantly evolving. It is not surprising that others have taken on some of the core ideas behind Bitcoin and developed new payment networks with additional features – in the case of Zcash – privacy. We are excited to offer ZEC to eToro investors as they seek to diversify their crypto asset holdings.”
In addition to ZCash, the eToro platform counts with 13 other cryptocurrencies available for trading: Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, and BNB.