Update: Since the beginning of this month, April 2025, ZEC’s price on Binance has been approximately 10% lower than on Coinbase and Gemini. Currently, ZEC trades at 32 USDT on Binance, compared to about 38 USD on Coinbase and Gemini.
Binance has been the place of the biggest ZEC transaction volume for a while. However, lately Binance has been increasingly harmful for Zcash and we should work to be delisted from Binance. With integration of Near Intents and Maya, we should expect greater volume from DEX in addition of reliable exchange partners like Gemini and Coinbase.
Binance last time requires Zcash teams to spend resources to accommodate their lawyers’ whim with TEX. Zcash has been on monitoring tags for years, scaring users away from ZEC with no explanation. Last month they stop users from withdrawing ZEC. Instead, forcing users to move ZEC to BSC, the chain they control.
Zcashers who use Binance should vote to delist Zcash from Binance. Binance is not only unreliable partner, they are outright harmful to the future of Zcash.
I will not vote in favor of delisting. Zcash is getting good PR support thanks to the hype. Many people see it as a fight for unstoppable private money. That’s cool, I’ve started to appreciate this negative backdrop. Take what you have on hand and use it for good. That’s all there is to it. It’s better than nothing.
I think Zcash should respond by establishing alliances and agreements with other exchanges, and continue to strengthen local communities, which are after all the ones who will use and benefit from Zcash.
in my opinion we should be turning the other cheek, and do the best.
lately Binance and Ledger challenge Zcash a lot
however its in our interest,
and in our responsibility to show that we can fight for our place.
Binance is the go to exchange in many countries,
its good for us to stay there for many reasons
You know what else is harmful for Zcash? People suggesting we shot ourselves in the foot for no good reason whatsoever.
I never thought we shoud do any particular effort to please Binance, but what in the world would be the point of making an effort of having us removed?
Maybe it’s a gigabrain move I don’t understand. Or.
Binance is a private company. They are free to make whatever decisions they want to do and they decide to make trading ZEC on their platform as obscure as possible to the average user. How many people will avoid ZEC for the rest of their life when looking for ZEC on their “trusted” “safu” cex lists it as “under monitoring”, “withdrawal disabled”, etc?
So, yeah Binance is harmful for Zcash and I think we should work together to make ZEC volume in other places larger than Binance. It will be a good thing for Zcash if Binance were to delist ZEC.
Btw Rhea on Near is launching ZEC liquidity pool for their DEX, and also ZEC lending pool where you can borrow USDC or Near against your ZEC. Go check their X
Yes, that’s the link. I don’t like X that much, just that it’s where most of the Zcash conversation still happens for those who are not really into Zcash.
True. I also realized that Binance suspended withdrawals and ZEC delisting votes happened shortly after Coinbase launched a ZEC perpetual contract.
Strange coincidence.
It’s a human tendency to want to isolate and retreat when facing friction, but often, the better path is engagement, not withdrawal. While Binance has made decisions that frustrate many of us, abandoning the platform outright will cut Zcash off from users who rely on it as their main access point.
Instead of delisting, we should push for better terms, not just from Binance but from all centralized exchanges. While at the same time, growing support for DEXs and more reliable partners like Gemini and Coinbase.Best to build alternatives without burning bridges.
