Binance introduces new trading pairs on its platform, including Zcash (ZEC) – one of the most popular privacy tokens, whose value has increased by over 500% in the last month. A special promotion on transaction fees has also been launched.
Binance has added DASH/USDC and ZEC/USDC pairs – trading starts on November 5.
The exchange's decision may signify a return to greater acceptance of privacy cryptocurrencies.
Privacy cryptocurrencies are returning to Binance
The largest cryptocurrency exchange in the world announced that it will start trading new pairs on November 5: DASH/USDC and ZEC/USDC. For DASH, this is a continuation of support, while for Zcash – a debut in the spot market with USDC.
It is worth adding that in the last month, ZEC has increased by over 520%, returning to levels from 2018. Binance will also enable the use of automatic order features, and transaction fees for pairs with USDC will be temporarily reduced.
Zcash is a project that emerged from a Bitcoin fork in 2016, offering complete transaction privacy.
Interestingly, Binance was removing such tokens a year ago due to pressure from regulators in the EU. Today's move by the exchange may suggest a relaxation of regulations regarding privacy cryptocurrencies – at least for a moment.
