The largest crypto exchange Coinbase has released a new update, enabling the residents of New York to send, receive and store Zcash and USDC at Coinbase.com, and its iOS and Android application.
Tweeting on Monday, Coinbase explicitly stated that their customers based in New York can now covert, store, or trade two leading cryptocurrencies – Zcash and USDC. Although the exchange launched trading of these two altcoins on its platform back in 2019 the residents of New York were restricted. Not just Zcash and USDC, the exchange had limited access for several other cryptocurrencies from New York residents.
It appears that the decision was taken in a wake of regulatory concern, however, Coinbase recently released the restriction from several coins and made it available for New York residents. Noticeably, Coinbase in 2019 allowed its NY customers access for coins including Stellar Lumens (XLM), XRP, Chainlink (LINK), Dai and Zcash, USDC being added recently in 2020.
More so, Zcash this month announced a new version of its wallet i.e 1.0.5 via the twitter handle of Zecwallet. It said that;
“Thanks to a Zcash Foundation grant, Zecwallet’s light wallet server is now bigger, caching ALL blocks, improving sync performance for light clients. Download the new Zecwallet(v1.0.5) to sync faster!”
However, it appears that the inclusion of Zcash and USDC for Coinbase New York residents has no positive influence over the market price of these two cryptocurrencies. This being said, Zcash is currently dipping by 1.23 percent within the past 24Hrs, resulting in the trading value at $68.62 against USD. More so, standing on the 29th position, USDC trades at $1.02 against USD. At the time of reporting this, USDC is plummeting by 0.27 percent within the past 24Hrs.