The Circle platform is going to be making some major waves in the crypto space over the next 3 weeks. It all started on Monday, April 30, when Circle disclosed that it is adding Zcash (ZEC) to its list of offerings for its investment app, dubbed the Circle Invest platform. 

Circle Adds Zcash to Circle Invest

On Monday, Circle announced in a blog post that it will be adding Zcash (ZEC), a cryptocurrency that is focused primarily on privacy, to its investment app. The Circle Invest app was expanded last month – it is now offered in almost every state in the U.S. – and this is the first of many announcements coming over course of the next couple weeks. Now, users will be able to purchase and invest in Zcash (ZEC). The token will be joining the likes of Bitcoin (available on Coinbase) (BTC) and Ethereum (available on Coinbase) (ETH). More information is forecasted to come out soon. Specifically, regarding how Circle wants to add assets into their products. It is also worth mentioning that the tokens on the platform are required to be consistent with Circle’s regulatory licensure.

As of right now, it is unclear as to why Zcash (ZEC) was chosen to be featured on Circle Invest’s list of offerings. However, the Circle Invest senior product manager, Rachel Mayer, did state that it has been looking for the best crypto assets for its customers, so that gives a bit of an indication about how Circle feels about Zcash (ZEC). Despite the news, ZEC is still seeing red today. The coin is currently down 0.84% in the past twenty-four hours, selling for $289.90.