Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Binance adds ZCash (ZEC) to delisting vote, angers crypto privacy supporters

Source Cryptopolitan

ZCash (ZEC) was added to another round of ‘Vote to delist’ on Binance. The potential delisting raised concerns about Binance’s attitude about confidential coins.

ZCash (ZEC) was added to the latest ‘Vote to delist’, raising the concerns of the crypto privacy community. ZEC has seen other delistings, but the past few months led to its removal from Binance as well. ZEC has been included in previous rounds for delisting, at one point drawing in fake votes. So far, the coin survives and is still present on Binance.

The project’s founder, @zooko, protested against the potential delisting. Currently, Binance has delisted most privacy coins, or requires users to de-anonymize their deposits for trading.

Binance, you’re considering delisting Zcash!?

What kind of world are you creating? Do you want your children to grow up in peace and prosperity, or a Black Mirror episode?@_RichardTeng, Privacy is normal! Support privacy by supporting Zcash, like Coinbase, Gemini, and Kraken!

— zooko🛡🦓🦓🦓 ⓩ (@zooko) April 14, 2025

The vote on ZEC will run until April 16, with other almost inactive tokens included for potential delisting. Binance has picked coins and tokens from older narratives, which are mostly inactive, or highly risky. This round of delistings may include JASMY and the now-defunct FTT token from the FTX exchange. The ZCash community also wondered why Binance put the coin in the same cohort as extremely volatile tokens, or projects with no additional utility or development.

Binance’s trading pair makes up around 14.2% of all ZEC volumes of around $83M. The coin also gained a Coinbase listing, and has retained some activity based on its legacy status. ZEC has been through multiple bull and bear cycles, and retains one of the most dedicated crypto communities. However, the token is seen as risky, as Binance put a monitoring tag on the asset since January 2024.

ZEC currently trades at $31.20, mostly pressured by a loss of interest and regulations against privacy coins. ZEC is just outside the top 100 of coins and tokens in terms of market capitalization.

ZEC launched in 2017 with a price above $3,000, and aimed to become a competitor to Monero (XMR) and similar assets. Additionally, ZEC marketed itself as the privacy coin for business due to its drive to achieve four-digit prices.

Subsequent bear markets, delistings, and loss of demand led ZEC to become a low-priced altcoin.

Despite this, the ZCash community refuses to admit that ZEC is a dead coin or a scam. The ZCash developers also aim to develop additional privacy tools, independent of the coin’s performance.

The Zcash project is ranked at position #48 based on CryptoMiso data, with regular updates of the protocol. ZCash considers the project as a privacy lab, though ZEC is suffering from the wider spread of KYC requirements and demands to link wallets with online identities.

Binance offers BSC version, holds ZCash chain coins in cold storage

One of the contentious issues of ZEC on Binance is the offering of a tokenized version of the privacy coin. ZEC runs on its own network, which currently carries around 2.5K daily transactions. The chain carries around 2.25K daily active addresses.

Binance’s ZEC cold wallet also contained relatively small reserves of $22.3M in ZEC, or around 715.8M coins. Most of the coins were inactive, and some users were urged to avoid ZEC deposits. Currently, withdrawals are possible only in the BNB version, which the community does not consider ‘real’ ZEC. This version is only of limited use for Binance transfers and trading, if the asset is not delisted.

The Binance cold wallet was last active when it sent out a series of outgoing transactions. The withdrawals coincided with the news of an eventual delisting.

Binance adds ZCash (ZEC) to delisting vote, angers crypto privacy supporters. — *The Binance cold wallet was inactive since February 14, but in the past day, a series of transactions moved out $22M ZEC.*

ZEC holders withdrew around 22M in value, essentially cutting Binance’s balance in half. There is no way to track the recipients due to privacy limitations on the ZCash chain. The Binance cold wallet has not seen any additional deposits, and the exchange is not currently used to cashing out. ZEC ownership, despite the low price, remains a tool for sending private, practically untraceable transactions.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar presses 102 as the 10-year yield sits at 5.14% — and October hike odds are only 17%The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Author Irene Q.

Oct 20, Tue

The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Meta's AI bill just hit $145 billion — and it issued a new share class to pay for it Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

Author Irene Q.

Oct 22, Thu

Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 23, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.

Author Mitrade

Yesterday 02: 56

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.

Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinked The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Author Irene Q.

Yesterday 06: 39

The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Popular Symbols