OKX to Relist Zcash Today as ZEC Nears $600 on Announcement
The venue's move follows a three-month, 1,100% ZEC surge that has reopened questions about privacy features versus compliance.
Overview
- OKX said ZEC/USDT spot trading will resume at 12:00 UTC on Nov. 24 with withdrawals opening two hours later, after deposits were enabled on Nov. 23.
- ZEC jumped to a local high near $601 after the news before easing into the mid‑$500s, with coverage noting earlier daily turnover near $2 billion and a cooldown into Monday.
- Reports disagree on the exchange’s prior ZEC removal, with some citing a 2023 compliance-driven delisting and others noting a January 2024 action attributed to low activity.
- Institutional interest has grown alongside network activity, with Grayscale managing over $229 million in ZEC and Cypherpunk Technologies disclosing holdings above 230,000 ZEC.
- Market commentary is split, with some warning privacy coin relistings could dilute crypto’s institutional focus while others argue demand for confidentiality complements Bitcoin.