Coinbase today announced that it would begin supporting Zcash on its Coinbase Pro platform. The cryptocurrency joins a distinguished list of cryptos that are listed on the exchange, including Ethereum, Bitcoin, Litecoin and Ethereum Classic. Following the announcement, Zcash surged 15 percent to hit a nine-day high at $93.5, with some markets such as Binance registering as high as $99. The momentum has since then cooled off and at press time, the currency was trading at $89. However, even then, it had accumulated 11.2 percent in the past 24 hours, the highest in the top 50 cryptos.
The exchange made the announcement via a blog post today, November 29. As revealed in the post, the exchange began to accept Zcash deposits at 10 a.m. Pacific Time. The service was made available for Coinbase Pro users in the U.S, U.K, the European Union, Singapore, Australia and Canada. However, users based in New York would not receive the service, with Coinbase promising to avail the service as soon as some regulatory hurdles were resolved.