eToro adds ZCash to its range of products

eToro, the global multi-asset investment platform, has announced the addition of ZCash (ZEC) to its range of tradeable securities. This brings to 14 the total number of cryptocurrencies available on eToro, which include the following: Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA and BNB.

The ZEC will also be a part of the eToro CryptoPortfolio.

ZCash is a decentralised payment network designed to provide users with greater privacy features. Transactions can be "transparent", the network works like Bitcoin, it can be "isolated", which means that the sender, recipient and payment values ​​are not published on a public blockchain. This structure allows for payment audits, but only at the discretion of the user.

Yoni Assia, eToro's co-founder and chief, says:

The way we transfer money from one person to another or from one company to another is constantly evolving. It is not surprising that others have taken up some of the fundamental ideas of Bitcoin and developed new payment networks with additional features - in the case of Zcash - confidentiality. We are pleased to offer the ZEC to traders who want to diversify their cryptocurrency holdings.