eToro, the global, multi-asset, investment platform, has just announced that it has added ZCash (ZEC) to its product range. This brings the total number of cryptoassets available on eToro to 14, including Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, and BNB.
ZEC will also be added to eToro’s CryptoPortfolio.
ZCash is a decentralised payments network, designed to offer users greater privacy options. Its transactions can be ‘transparent’, in which case the network operates much like Bitcoin, or they can be ‘shielded’, meaning sender, recipient and payment values are not published on a public blockchain. This structure allows for payment audits to be completed, but only at the user’s discretion.
Last year eToro announced that they will launch a cryptocurrency offering into the U.S. market.
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 cryptoasset holdings.