Kraken launches digital asset Zcash for trading


San Francisco based global digital asset exchange Kraken today launched for trading the most hotly anticipated digital asset of 2016 in Zcash (ZEC).

Zcash has a highly regarded development team and investment from major VC firms (Pantera, Fenbushi, and The Digital Currency Group) and Bitcoin VIPs (Roger Ver, Erik Voorhees, Barry Silbert, and Li Xiaolai).

Zcash offers complete transaction privacy. While transactions can be seen on the blockchain, the sender, recipient, and amount of the transaction remain private. The payment details can be revealed to others, but only if users give them the transaction view key.

What Zcash pairs will trade on Kraken?

  • ZEC/XBT, ZEC/EUR, ZEC/USD, ZEC/GBP, ZEC/JPY, ZEC/CAD
  • Margin: Coming soon – stay tuned for details!

When exactly will trading start?

Kraken will enable funding and open the order books shortly after the Zcash network launches and the first block is mined. The network launch is scheduled for this morning of Friday, October 28 PDT. Note that there are no premined coins with Zcash, so sell orders will build up gradually on the books as Zcash block rewards come in.

How do I deposit Zcash to my Kraken account?

It is very similar to other digital asset deposits – in your Kraken account navigate to Funding > Deposit > ZEC. Generate a deposit address and send your ZEC to this address.

Will my Kraken deposits and withdrawals be private?

Zcash supports both private addresses and public addresses. Due to added complexity in handling private addresses, Kraken will initially only support deposits and withdrawals to public addresses, meaning that some transaction details of your deposits and withdrawals will be viewable on the blockchain similar to how Bitcoin transactions are viewable. However, clients can still achieve good privacy by sending deposits from a private address (sender hidden) and transferring coins to a private address after withdrawing from Kraken. We plan to offer support for private addresses later.

Read more on Zcash at the following URL: https://z.cash

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Kraken launches digital asset Zcash for trading

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