Experts comment on Zcash’s addition to Gemini: A big move for crypto

Privacy-focused cryptocurrency Zcash was announced to be listed on Gemini, one of the largest US-based cryptocurrency exchanges, two ago. Provided significant increases in the value of focused crypto money. ZEC, which was traded at $ 250 on the day of the news, quickly climbed to $ 390 within hours.. ZEC, which is currently trading at $375, is almost holding its value despite a decline of nearly $500 in Bitcoin.

Charles Hayter, founder and CEO of digital money data platform CrpytoCompare, told Forbes. “The addition of Zcash to Gemini is a big move for crypto.”

Iqbal Gandham, UK Managing Director of social trading platform eToro, offered a similar perspective.

Digital currency investor Marius Rupsys emphasized that some exchanges only list a handful of crypto assets, adding that “When exchanges like this add a new asset, it can be seen very positively by the community.” he spoke. In addition, Rupsys added, “These types of additions not only show that the digital asset has gained the trust of the exchange, but also mean that more liquidity will come to crypto assets.. Every time the liquidity of a digital currency grows, people trading cryptocurrencies are a little less at risk, potentially driving more interest in the digital asset.” said.