Cryptocurrency exchange WOO X has expanded its derivatives offerings by listing Zcash (ZEC) perpetual futures contracts, enabling traders to utilize up to 10x leverage. The new ZEC-PERP trading pair forms part of the platform’s strategic initiative to diversify its derivatives market and attract cryptocurrency enthusiasts focused on transaction privacy.
Zcash’s implementation of zk-SNARK technology ensures confidential transactions by shielding sender, receiver, and amount details. This privacy-centric architecture appeals to traders seeking enhanced anonymity in their digital asset transactions.
Initial market response indicates stable yet cautious trader sentiment following the listing. The exchange’s native WOO token has shown modest price stabilization indicators. While the addition is expected to incrementally boost platform liquidity and trading volumes, analysts anticipate gradual adoption rather than immediate price volatility spikes.