New York residents can now trade USDC and Zcash on Coinbase

Exchanges • February 10, 2020, 2:40PM EST
The Block

Cryptocurrency exchange Coinbase has launched trading support for USDC and Zcash for New York residents.

On Monday, the exchange announced in two separate tweets that residents of the New York state can now use Coinbase to buy, sell, convert, send, receive, or store USDC and Zcash. 

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Coinbase first launched USDC and Zcash trading in late 2018, but New York has not been a supported jurisdiction until now. The state's stringent regulatory requirements were likely behind the delay.

But Coinbase has been expanding its list of supported tokens in New York. In 2019, it added a number of new coins for New York residents to access and trade including XRP, Dai (DAI), Stellar Lumens (XLM), and Chainlink (LINK).

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Yilun joined The Block in November 2019. She has a policy background and extensive experience in reporting and writing. She has worked on stories ranging from business to politics.