Zcash (ZEC) is again under delisting pressure as multiple exchanges tighten rules on privacy coins. OKX removed several ZEC pairs in January 2024, Bit2Me set an April 21, 2025 cutoff for trading, and Binance Dubai stopped supporting the token because privacy features conflict with local VARA regulations. ZEC is trading at $357.50, down 3.84% in the past 24 hours, with daily volume near $513 million.
Why Shielded Transfers Trigger Delisting Risks
The core issue lies in Zcash's shielded transfers, which hide sender, receiver, and amount. In November 2023, a community post revealed that Binance raised the risk of delisting unless deposit sources become more reviewable. When funds move from a shielded wallet to an exchange address, the exchange cannot easily verify the origin for AML or sanctions screening. The community split: some warned that losing Binance would crush liquidity, while others argued that altering the network for a single exchange undermines privacy. In May 2024, users reported delayed refunds after depositing from shielded addresses; a contributor later confirmed that Binance does not accept shielded-source deposits and that TEX addresses were proposed to fix this.
TEX Addresses (ZIP 320): A Compliance Bridge
ZIP 320 introduces TEX addresses, letting exchanges verify that funds come from transparent sources. On July 9, 2025, Binance removed ZEC from its monitoring-tag list, easing immediate delisting fears. Zcash's official data shows about 16.66 million coins in circulation, of which 5.17 million are shielded, and a market cap of $5.94 billion. If more regulated venues drop ZEC, liquidity could thin rapidly. The bullish case hinges on broader TEX adoption — exchanges like Coinbase, Gemini, Bitfinex, and Poloniex still support ZEC, offering some relief.
Going forward, ZEC price predictions depend less on hype and more on listing access, wallet compatibility, and regulatory shifts. Traders should track exchange rulebooks and wallet updates rather than chasing narratives. This report is for informational purposes only and does not constitute financial advice.