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Binance's Potential Zcash Delisting Met With Dismay From Industry Heavyweights
The token appeared on a Binance delisting list alongside FTX's FTT token.
Updated Apr 15, 2025, 5:21 p.m. Published Apr 15, 2025, 3:15 p.m.
What to know:
- Binance opened up a vote for users to choose which token would be delisted on the exchange, with one of those tokens being Zcash.
- The ZEC token is down by 3.1% in the past 24 hours.
- Several crypto founders exclaimed their dismay at Binance's decision.
Cryptocurrency exchange Binance has been criticized this week for including privacy token Zcash among those cryptos up for a vote to be delisted from the exchange.
Zcash, which has a $500 million market cap, appeared on the ballot alongside FTX's FTT token and data security platform JASMY.
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Zcash founder Zooko Wilcox tagged Binance CEO Richard Teng in a tweet on Tuesday: "You’re considering delisting Zcash!? What kind of world are you creating? Do you want your children to grow up in peace and prosperity, or a Black Mirror episode?"
Digital Currency Group founder Barry Silbert also shared several posts lamenting Binance's decision to include Zcash on the list.
The sentiment was also echoed by Ledger CTO Charles Guillemet and Cosmos co-foudner Ethan Buchman, both of whom highlighted the importance of privacy.
From Binance's point of view, privacy tokens have long since been a topic of discussion among financial regulators. In 2022 a leaked EU document suggested that privacy tokens could be banned across the region.
Privacy protocol Tornado Cash was also sanctioned by the U.S. amid concerns of criminality, although these sanctions were removed last month.
ZEC is currently trading at $31.26 having dropped by 3.1% over the past 24 hours.
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- 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.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Cosa sapere:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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