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via CoinDesk · By CoinDesk Staff
Multicoin unveils ‘significant’ zcash position as privacy trade returns
BTC
BTC/USDT
$79,934.11
+0.05%
$79,934.11
+0.05%
(24s)24h Volume
$6,967,405,049.47
24h H/L
$80,107.99 / $79,233.00
Change: $874.99 (1.10%)
Long/Short
53.2%
Long: 53.2%Short: 46.8%
Funding Rate
+0.0022%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(11:05 AM UTC)
1 min read
The purchase marks a shift from Multicoin’s 2019 view, as ZEC has surged over 1,500% in the last year.
Multicoin Capital has built a “significant position” in zcash (ZEC), Co-Founder and Managing Partner Tushar Jain said at Consensus Miami, linking the purchase to a view that private stores of value will matter more as finance moves on-chain.
Jain did not disclose the size of the position. He said…
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