In a move that has piqued the interest of the cryptocurrency community, the exchange OKX has announced the relisting of the privacy-oriented coin Zcash (ZEC) for spot trading as of 20:00 (UTC+8) on 24 November 2025. This surprise decision comes nearly two years after ZEC (alongside other privacy coins) was removed from the platform amid tightening regulatory and compliance pressures.
Background: Why the Delisting Initially Happened
Back in January 2024 (specifically during the period of 4–5 January), OKX removed several privacy-centric digital assets — including ZEC, Monero (XMR) and Dash (DASH) — citing increasing compliance and regulatory requirements across jurisdictions. The move was widely seen as a defensive measure: privacy-coins often face higher scrutiny because of their enhanced anonymity features, making them challenging from a regulatory oversight perspective.
What Does the Relisting Signal?
The relisting of Zcash by OKX could signal several things:
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Shifting market demand: The return of ZEC may reflect growing user interest in privacy-coins again, or a recognition that market appetite for assets focused on privacy has recovered.
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Regulatory / compliance readiness: OKX’s decision suggests that the exchange may believe that either the regulatory environment has become clearer, or that it has developed the necessary compliance frameworks to support these types of assets.
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Strategic repositioning: In a competitive exchange landscape, offering a broader range of assets (including privacy-coins) could be part of OKX’s strategy to differentiate itself.
As the article notes:
“Việc đưa ZEC trở lại có thể cho thấy OKX đang đánh giá lại nhu cầu thị trường, mức độ rõ ràng của khung pháp lý, hoặc định vị chiến lược trong bối cảnh cạnh tranh giữa các sàn giao dịch.”
Implications & Considerations
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For investors: The relisting is newsworthy but not necessarily a direct investment recommendation. As the article’s disclaimer reminds, this information is not investment advice.
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For regulatory watchers: The move may prompt attention from regulators and industry watchers given the historically sensitive nature of privacy-coins.
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For the crypto ecosystem: It may encourage other exchanges to revisit their stance on privacy-coins, potentially enhancing the overall accessibility of these assets.
Summary
To summarise: after nearly two years of absence, Zcash is back on OKX for spot trading. The relisting underscores how regulatory, market-demand, and strategic dynamics continue to evolve in the cryptocurrency exchange space.
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