OKX Relists Zcash Spot Trading as ZEC Price Surges 12%
OKX has announced the relisting of Zcash (ZEC) for spot trading. The ZEC/USDT pair will reopen on November 24 at 12:00 UTC (20:00 UTC+8). Following the announcement, ZEC’s price soared over 12% to a local high above $600. It later settled around $564. The rally pushed Zcash’s market cap to $9.3 billion and 24-hour trading volume to nearly $2 billion, a 35% increase. As a leading privacy coin, Zcash has climbed over 1,100% since September amid growing demand for privacy tokens. Enhanced shielded transaction activity and the Electric Coin Company’s updated roadmap have bolstered interest. High-profile endorsements, including a Bitcoin comparison from Naval Ravikant, further boosted confidence. Traders should watch trading volume and price action, as renewed liquidity on OKX could support further bullish momentum and create short-term volatility opportunities.
Bullish
The relisting announcement on OKX triggered immediate price and volume gains, highlighting renewed demand and improved liquidity. Historically, exchange listings drive short-term rallies by attracting new capital and boosting tradability. The surge in market cap and 24-hour volume underscores strong investor interest, while the scheduled spot trading re-opening could intensify volatility. Long-term factors—such as updated EEC roadmap, shielded transaction growth and high-profile endorsements—support sustained adoption and further upward pressure on ZEC.