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Multicoin unveils ‘significant’ zcash position as privacy trade returns
BTC
BTC/USDT
$62,917.53
-0.27%
$62,917.53
-0.27%
(24s)24h Volume
$4,146,868,860.97
24h H/L
$63,390.00 / $62,716.00
Change: $674.00 (1.07%)
Long/Short
69.5%
Long: 69.5%Short: 30.5%
Funding Rate
+0.0024%
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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