Coinbase UK Drops Support for Zcash: Why? We Don’t Know!

It has yet to be disclosed as to why, but the UK arm of Coinbase is dropping support for Zcash (ZEC) cryptocurrency.

The move has, understandably, rattled Zcash investors.

Coinbase Drops Support for Zcash

According to customers of Coinbase UK, the exchange is sending out letters telling traders to convert their ZEC holdings by August 26. Alternatively, traders are encouraged to export their coins to an external wallet. If they fail to do so, their ZEC balance will automatically convert to British pound sterling in their user accounts.

As stated, the crypto …