Zcash (ZEC) has been placed under Binance’s “Vote to Delist” initiative, sparking a wave of concern from privacy advocates and the broader crypto community. The listing review has drawn criticism, especially because Binance itself relies on zk-SNARKs, the core technology behind Zcash’s privacy features.
Binance will evaluate Zcash (ZEC) according to its internal standards before the voting deadline concludes on April 16, 2025. Binance evaluates projects based on their liquidity positions while checking their development work and requirements for compliance standards.
Tyler Winklevoss joined other industry experts to respond when the Gemini co-founder heard about the Zcash announcement. He believes exchanges operate against privacy-focused projects because regulators continue to generate increased pressure.
Settlement Expectations Grow as Institutions Begin Positioning
Per crypto advocate Zooko Binance’s decision to consider Zcash delisting is puzzling and illogical. Zcash implemented zk-SNARKs, which became standard privacy technology that Binance and other blockchain systems rely upon in their networks.
Zooko put forth his direct critique of Binance CEO Richard Teng while pointing out the apparent paradox. The user security features provided by zk-SNARKs enable Binance, yet it has chosen to keep a distance from the originator of zk-SNARKs.
The removal of Zcash threatens digital rights protection because privacy supporters view it as damage to the broader digital rights movement in an intensifying surveillance environment. The technology behind Zcash continues to maintain its value since it remains on leading exchanges, including Coinbase, Kraken, and Gemini.
Zcash supporters claim its distinctiveness as a blockchain innovation remains its most substantial value. Experts affirm that by eliminating Zcash from its platform, Binance may stifle the advancement of privacy applications that cryptographic financing requires.
Multiple users within the cryptocurrency community asked Binance to rethink their course of action because the Zcash delisting might cause public perception problems about its innovation-based strategy and privacy standards. The result of the user vote and internal assessment at Binance will determine whether Zcash tokens remain available on the exchange platform.
Conclusion
The ongoing dispute about Zcash delisting emerged as a more significant problem regarding how the crypto space handles privacy methods. Time is running short for Binance to handle the growing pressure regarding its upcoming voting decision.
