Zcash Futures Open Interest Reaches Record $1.5 Billion
The post Zcash Futures Open Interest Reaches Record $1. 5 Billion appeared com. Key Points: Zcash open interest hits all-time high, totaling $1. 506 billion. Marked a 21. 49% increase within a day. Binance leads with $416 million in futures contracts. Zcash (ZEC) futures have reached an all-time high, surpassing 2. 1 million contracts with a market value over $1. 5 billion, primarily on Binance and Bybit, reports Coinglass. This significant increase in ZEC futures highlights increased market activity and confidence, with potential impacts on the broader cryptocurrency market, particularly among privacy-focused digital assets. Zcash Futures Surge Amid Privacy Coin Interest The surge in ZEC futures signifies heightened market interest, which may influence broader privacy coin sentiment. Despite this increase, no major regulatory announcements were made. Zcash futures contracts saw a rise, with the total open interest crossing $1. 5 billion. Per Coinglass data, Binance and Bybit are at the forefront, reporting combined market values rendering this a historic event across exchanges worldwide. Zcash is continuing to captivate traders, primarily focusing on privacy-enhancing technologies and financial activities. “Zcash price could reach $1, 000, a target that adds weight to the growing optimism ahead of the November 2025 halving.” Arthur Hayes, Co-Founder, BitMEX Market reactions were keen with traders and analysts on forums discussing the bullish outlook and speculating on ZEC’s potential price peaks. The lack of direct comments from key figures within Zcash or major exchanges adds to the speculative atmosphere around these trading activities. Zcash Trading Volumes and Price Movements Analyzed Did you know? During late 2021, similar market dynamics in Zcash prompted significant trading activity, reflecting today’s trends as sectors rally around privacy-focused assets amid evolving technological narratives. Zcash, known for its privacy-centric features, currently trades at $714. 99, with a market cap of $11. 66 billion. This cryptocurrency has seen a dramatic price increase of 1856. 12% over the past 90 days, as per CoinMarketCap data. The recently.