Coinbase Adds Support for Zcash (ZEC) and USD Coin (USDC) in New York


San Francisco-based crypto exchange Coinbase announced on Monday that residents of New York can now trade Zcash (ZEC) and USD Coin (USDC).

This comes as welcomed news to New York’s crypto investors, who typically have truncated lists of available digital assets due to the state’s strict regulations.

While the announcement provided no insight into why these two digital assets are finally allowed, the fact that a privacy coin (Zcash) has passed the New York Department of Financial Services’ sniff test should be seen as a notable win. Additionally, the inclusion of USDC is another win for the Coinbase-backed stablecoin.

This news comes the same day that the Web3 Foundation and Coinbase Custody announced a partnership to offer a custody solution for Polkadot (DOT).

“Polkadot is one of the most exciting projects in the entire crypto ecosystem right now,” said Coinbase Custody CEO Sam McIngvale. “It’s solving two of the biggest challenges that blockchain-based platforms face today: interoperability and scalability. We’re excited to be working with Polkadot and Web3 Foundation to offer dot holders the most secure and efficient tools for managing tokens and staking.”

More: Web3 Foundation launches Polkadot claims process; Partners with Coinbase Custody for claiming dots
Recent: Coinbase Custody Officially Launches Internationally

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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