Zcash is making a return to OKX | Source: Image created with Gemini
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Key Takeaways
OKX is relisting Zcash less than a year after removing it.
Regulatory pressure on privacy coins contributed to Zcash’s earlier removal.
Zcash has surged more than 1,200% in three months.
Zcash (ZEC) is set to return to crypto exchange OKX today amid a massive price surge, less than a year after the platform removed the privacy-focused token during a broad delisting in January.
The relisting follows a sharp rebound in ZEC’s price, with the token rising more than 1,200% over the past three months; however, analysts have warned of a potential impending crash.
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OKX removed Zcash from its platform in early January as part of a wider delisting of privacy-focused crypto.
The exchange stated at the time that 20 trading pairs would be removed by Jan. 5 after failing to meet its listing criteria, without providing further details.
The delisting followed increased regulatory scrutiny of privacy coins.
As governments tightened oversight of anti-money laundering (AML) requirements, several exchanges removed assets such as Zcash to reduce potential legal and operational risks.
Zcash has not been available for spot trading on OKX since the removal earlier this year.
What Is Zcash and Why Is It Popular?
Zcash is a privacy-focused cryptocurrency that uses zero-knowledge (zk) proofs, known as zk-SNARKs, to allow users to conceal transaction details.
While Bitcoin records all addresses and amounts publicly on its blockchain, Zcash gives users the option to shield this information.
Some analysts, including VanEck’s Matthew Sigel, have noted an increasing interest in Zcash among long-time Bitcoin holders evaluating alternatives with stronger privacy protections.
Zcash has also attracted attention for research into potential quantum-resistant encryption, which some investors view as a precaution against future cryptographic vulnerabilities.
These features have contributed to Zcash’s appeal for users and institutions seeking greater privacy than is available on fully transparent blockchain networks.
OKX Relisting: Key Details
OKX announced that it will relist Zcash on Monday and reopen full spot-market support, following its significant price increase.
According to the exchange’s notice:
Deposits opened: 05:45 UTC, Nov. 23.
Pre-open session: 11:00–12:00 UTC, Nov. 24.
Spot trading (ZEC/USDT): 12:00 UTC, Nov. 24.
Withdrawals: 14:00 UTC, Nov. 24.
OKX said index-based price-limit rules will apply during the pre-open and trading phases.
Price Performance
Zcash has risen sharply in the months leading up to the relisting.
According to CoinGecko data, ZEC is trading at around $537 at the time of reporting, up more than 1,200% over the past three months.
The token reached levels above $600 earlier in the month before easing slightly as traders took profits.
However, Zcash’s recent rally has prompted caution from some market analysts.
CCN’s Valdrin Tahiri said the latest surge may be nearing exhaustion, noting that “the most likely wave count suggests a bearish trend.”
Tahiri argues that ZEC’s long-term Elliott Wave structure appears to have completed.
Valdrin Tahiri had a bearish outlook for Zcash | Source: ZEC/USDT Weekly Chart Credit: Valdrin Tahiri/TradingView
According to his analysis, “ZEC has completed a W-X-Y structure since March 2020, and wave Y has ended, as evidenced by the sub-wave count (red).”
He added that “sub-wave C had 4.61 times the length of sub-wave A, which is the final extension before the price movement turns bearish.”
These technical levels, he said, indicate that the recent breakout may represent the end of the current cycle.
Tahiri warned that “if the wave count is accurate, ZEC could begin a lengthy decline, similar to the one that led to the 2020 bear market low.”
Using this structure, Tahiri outlined potential downside targets, stating that “the wave count method leads to targets of $96 and $57 for the end of 2026 and 2027, respectively.”
He concluded that “the price of ZEC may have already reached its top for the current cycle and could crash soon.”
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
