- ZCash reached a three-year price high after being listed on ThorSwap.
- New trading support allows Zcash to swap with major cryptocurrencies like Bitcoin, Ethereum, and Solana.
- Trading of Zcash has faced ongoing restrictions and delistings on several centralized exchanges due to regulatory issues.
- Recent price movements saw Zcash rise above $98 before retreating to $91, with a 75% increase in the last week.
- Investor sentiment has turned very bullish, driven by expanded decentralized trading access despite regulatory pressures.
On Wednesday, Zcash (ZEC) reached its highest price since early 2021 following an announcement from ThorSwap that it now supports the privacy-focused token. The update enables users to conduct decentralized swaps between Zcash and major coins such as Bitcoin, Ethereum, Solana, and others.
The price of Zcash surged to $98 in morning trading before settling around $91. This rise followed a notable increase in positive sentiment among retail investors, with trading discussions hitting extremely high levels over the past day.
ThorSwap confirmed through an official statement that the platform now allows non-custodial cross-chain swaps for Zcash. This development is significant because privacy coins like Zcash have been delisted from several major exchanges. In 2025, Binance FZE in Dubai and BitOasis both removed Zcash, citing compliance with the Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates.
Binance’s global platform initially considered delisting Zcash earlier in the year but reversed its decision and lifted a monitoring tag on July 9, allowing most users to continue trading. OKX, an exchange based in China, had already taken Zcash off its platform in 2024.
Investor and entrepreneur Naval Ravikant commented on social media that, “Zcash is insurance against Bitcoin, if Bitcoin is insurance against fiat”. Over the past week, Zcash has gained 75%, and over the last year, it has climbed by 243%. These figures reflect renewed interest and trading activity as additional decentralized trading options become available.
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