Binance is a cryptocurrency exchange platform, paving the way for all investors and traders in the cryptocurrency world. Moreover, it is known to carry lesser fees with trustful transactions, similar to other crypto-exchanges. It is one of the top crypto-exchange platforms in the cryptocurrency market.
Binance announced that ZenCash would list on the market platform. It will be open for trading for ZEN/BNB, ZEN/BTC, and ZEN/ETH on 23/05/2018. Eventually, the investors can start depositing ZEN while in preparing for trading.
ZenCash [ZEN] is a private currency that is powered by zk-SNARKS. It creates an entire industry on rules of radical transparency and accountability. The technology is dependent on completes transactions that are untraceable without leaking any of the metadata. Only the proof of operation will display on the record. zk-SNARKS is the leading isolation protocol in the world of cryptocurrency.
ZenCash [ZEN] is ranked 85th position in the cryptocurrency market. Also trading at $49.34 with a market capital value of over $194 million, this emerging cryptocurrency has soared up to 44.01% in the last 24 hours and increased to 8.22% in the past hour at the time of review.
Here is what a few Twitterati reacted to this incident
HeatSeeker, a Twitter user commented:
WTF people. Really? USD is useless fiat. Soo lets back it with that. Institutional money is here to take yours… The white shoe boys want in alright! Damn buy some #dogecoin buy some #Litecoin shit buy some #bitcoin but don’t get on this train to hell.
1cyborgatrom, another Twitter user said:
That is awesome!!!!!! That is going to be huge for more institutional money to feel safer investing! 🍻 To the best Exchange in the world!
Although this is a growing cryptocurrency, there is much speculation for it to reach the top 20 cryptocurrencies. It has a current supply of 3,900,975 with a volume of $20,826,600 as per CoinMarketCap.