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Zcash News Today: Zcash's Return to Exchanges Reignites Discussion on 'Third-Party' Privacy in Crypto

Zcash News Today: Zcash's Return to Exchanges Reignites Discussion on 'Third-Party' Privacy in Crypto

Bitget-RWA2025/11/23 21:20
By:Bitget-RWA

- OKX's Zcash relisting triggered a 12% price surge to $600, outpacing Bitcoin amid U.S. regulatory easing. - Analysts debate Zcash's role: Balchunas warns it splits institutional Bitcoin support, while Van Eck calls it essential privacy complement. - Zcash's quantum-resistant upgrades and $9.24B market cap highlight growing institutional interest despite maximalist skepticism. - Winklevoss twins' Cypherpunk Tech and SEC's regulatory shift signal privacy protocols' rising acceptance in crypto mainstream.

Zcash (ZEC)

to approach $600 on Nov. 23 after leading exchange OKX revealed it would relist the privacy-centric digital asset. This decision, which in the U.S., reverses OKX’s 2023 removal of due to compliance issues. The relisting has reignited discussions about the place of privacy coins in the crypto world, with experts divided over whether Zcash’s momentum could weaken institutional backing for or enhance it as an added privacy feature.

This price surge was fueled by

that ZEC/USDT spot trading would resume on Nov. 24. Zcash’s rally outperformed Bitcoin, which has stayed below $90,000 despite recent market swings. Over the past three months, the token’s has lifted its market value to $9.24 billion, with daily trading volumes nearing $2 billion. Analysts link this momentum to Zcash’s advancements in quantum-resistant technology and rising institutional interest.

Zcash News Today: Zcash's Return to Exchanges Reignites Discussion on 'Third-Party' Privacy in Crypto image 0

The relisting

following the U.S. elections, as the new SEC leadership urges exchanges to reintroduce privacy features. Still, this move has triggered ideological debates on Wall Street. Eric Balchunas, a senior ETF analyst at Bloomberg, cautioned that Zcash’s growth might “split the vote” away from Bitcoin at a pivotal moment for institutional involvement. He compared the privacy coin to a “third-party candidate” in crypto, suggesting it draws resources from Bitcoin’s efforts to unify the sector.

On the other hand, investment leaders such as Jan van Eck of VanEck argue in favor of

as a vital supplement to Bitcoin. Van Eck pointed out that privacy is an “increasingly important need” in the digital age, with Zcash’s encrypted blockchain addressing surveillance issues that Bitcoin cannot solve. The Winklevoss twins, founders of Gemini and early Bitcoin supporters, have also backed Zcash, establishing Cypherpunk Tech to acquire up to 5% of ZEC’s circulating supply. They describe Zcash as “encrypted Bitcoin,” seeing it as a privacy solution for transactions while Bitcoin continues as the main store of value.

Zcash’s development team has taken steps to mitigate long-term threats, such as those posed by quantum computing. Engineer Sean Bowe highlighted that the network’s quantum recovery protocol—which allows upgrades without stopping transactions—positions it to handle future cryptographic risks. This stands in contrast to Bitcoin’s slower decision-making process, which critics argue could delay its response to new challenges.

Despite the positive outlook, doubts remain. Market analyst Rajat Soni warned that the recent excitement around Zcash could be driven by “exit liquidity” tactics, referencing fake headlines about Fidelity analysts forecasting a $100,000 price. Meanwhile, Bitcoin purists dismiss Zcash as a fringe asset, with one proponent saying “Bitcoin maxis only look at Zcash to roll their eyes at it.”

OKX’s decision to relist

of privacy technologies in mainstream finance. The platform pointed to Zcash’s strong performance against Bitcoin and evolving regulations as main reasons. As the debate between privacy and institutional adoption heats up, Zcash’s progress could indicate a change in crypto narratives as 2026 approaches.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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