Circle Adds Zcash to Crypto Investment App

Circle added zcash to its cryptocurrency storage and investment app, the company announced Monday.

AccessTimeIconApr 30, 2018 at 7:30 p.m. UTC
Updated Aug 18, 2021 at 8:57 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Circle is adding the privacy-focused cryptocurrency zcash to its list of offerings for its investment app, the startup announced Monday.

Users of the company's Circle Invest platform can now purchase and invest the cryptocurrency, the company explained in a new blog post. The token joins bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin as available currencies through the app.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • "Our mission for Circle Invest is to democratize access to investing in crypto assets for every consumer. Making the wider breadth of assets available on Circle Invest will continue to be a part of this mission, and of course doing our best to ensure that we bring the crypto without the cryptic to everyone, anywhere," the startup wrote.

    The investment app was first unveiled last year and debuted in March, as CoinDesk reported at the time. While it was initially excluded, residents of the U.S. state of New York can now access the app, according to the company. The other states – Minnesota, Wyoming and Hawaii – remain unavailable, according to Circle Invest senior product manager Rachel Mayer.

    She told CoinDesk that "Circle has an established working group dedicated to finding the best crypto assets for our customers," but declined to say why zcash specifically was chosen.

    However, tokens on the platform must be "consistent with our regulatory licensure," she explained.

    Business miniatures image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.