Crypto Exchange OKEx Adds ZenCash Trading Support

Announcements | February 1, 2018 By:

Cryptocurrency exchange OKEx has added support for ZenCash trading on its platform.

OKex is a global crypto exchange with a strong presence in Asia. It is the international counterpart to defunct Okcoin, which ceased operations last year because of a Chinese government ban on crypto-to-fiat trading. OKEx provides fiat-to-cryptocurrency, cryptocurrency-to-cryptocurrency, and derivatives trading services to global customers.

ZenCash is a privacy coin for decentralized and borderless transactions and communications. ZenCash has set a cap of 21 million total tokens that can be created in the system in lieu of a pre-mine or token crowdsale. In addition, ZenCash is treasury-funded, with 8.5% of mining rewards allocated to support project development. ZenCash is trading today at $45 per coin.

“Digital assets have continued to grow in popularity and we strive to offer a large number of trading pairs to meet the world’s need,” said OKEx CEO Chris Lee. “We are pleased to have ZenCash listed on OKEx, providing our customers another option to benefit from their investments.”

“ZenCash is proud to partner with OKEx, a preeminent cryptocurrency exchange, with the aim of bringing our privacy platform to the Asian market, as well as the broader community,” said ZenCash co-founder Robert Viglione. “Through this partnership, we will be able to advance our vision of truly borderless and inclusive transactions and communications in one of the world’s most enthusiastic cryptocurrency markets.”

Recently, ZenCash teamed with blockchain research and development company Input Output Hong Kong (IOHK) to promote private and secure transactions for people globally. The two companies will collaborate on a protocol-level treasury model and a joint study on blockchain scalability. In December 2017, ZenCash released its secure nodes payments feature, which makes node communication appear like any other encrypted Internet traffic.