Share this article
Coinbase Adds Support for 2 More Cryptocurrencies in New York State
The exchange has now added the privacy-enhancing cryptocurrency zcash and its own USDC stablecoin in New York state.
Updated Sep 13, 2021, 12:16 p.m. Published Feb 11, 2020, 10:35 a.m.
After dropping zcash in its U.K. operation last year, Coinbase has now added the privacy enhancing cryptocurrency in New York state.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The San Francisco-based crypto exchange announced the news in a tweet on Monday, saying the state's residents can now buy, sell and exchange zcash on Coinbase.com, as well as in its iOS and Android apps.
Last August, Coinbase U.K. quietly dropped support for zcash, providing no reason in letters to its customers. However, the move came as British regulators were saying exchange platforms may need to be able to provide personal data on transactors of cryptocurrencies.
Zcash allows users the option to conceal (or shield) details of their transactions using a type of zero-knowledge proof called zk-SNARKs. Coinbase had previously said when it added zcash in late 2018 that it would support both shielded and unshielded addresses, but would only allow unshielded withdrawals.
Also announced by the exchange for New York users on Monday was the addition of the dollar-linked USDC stablecoin, first issued by Coinbase and Circle Financial as part of the CENTRE consortium in the autumn of 2018.
Coinbase said allowing U.S. users to earn interest on their holdings of the stablecoin last October, at an annual percentage yield of 1.25 percent. It is not yet clear if that will now extend to New York users.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
