RATE Group | Coinbase UK Dropping Support for Cryptocurrency Zcash
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Coinbase UK Dropping Support for Cryptocurrency Zcash

12 Aug Coinbase UK Dropping Support for Cryptocurrency Zcash

Posted at 08:50h in Cryptocurrency News by

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The U.K. arm of Coinbase appears to be dropping support for the privacy-focused cryptocurrency zcash.

According to customers, Coinbase UK is sending letters out warning people that they will need to convert their zcash (ZEC) holding, or remove them to an external wallet, by Aug. 26.

The cryptocurrency exchange gave no specific reason for the removal of the cryptocurrency, but said all remaining ZEC balances on Aug. 26 will be automatically converted to British pounds in users accounts.

The Electric Coin Company, developer of zcash, appeared to confirm the news, saying in a tweet on Friday:

“Those affected by @coinbase UK issues: this is limited to Coinbase UK only. UK residents can still buy/sell Zcash through @cex_io. No other exchanges in the UK affected.”

It further said “To pre-empt speculation, we confirm that Zcash…

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