Coinbase Offers $3 Worth of Zcash (ZEC) in Latest “Earn” Listing


San Francisco-based Coinbase announced Friday that privacy coin Zcash (ZEC) has become the latest project to be featured in Coinbase Earn, a new section of the website that allows users to earn cryptocurrency while learning by completing specific tasks like watching videos.

While previous additions to the Earn program, like Basic Attention Token (BAT), have been welcomed by the crypto community, the latest Zcash offer of only $3 has been less well received.

One Twitter user called the giveaway a “joke,” while another said, “$3 is so much when you compare [it] with your fees. Thanks, Coinbase, what else [would we] expect from you.” This sentiment was largely shared across Twitter and other social platforms.

While BAT jumped 13% on the news that it was added to Coinbase Earn, the price of ZEC hasn’t rallied on its listing.

Zcash is currently down 0.1% on the day to $51.09, giving it a $301.7 million market cap and making it the 19th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: Coinbase Earn: Zcash

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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