Shapeshift revives privacy focus with Zcash shielded support

ShapeShift has reintroduced support for Zcash’s shielded transactions, marking its return to privacy-focused cryptocurrency after transitioning into a DEX aggregator.

Multichain DEX aggregator Shapeshift announced support for shielded (private) transactions with the Zcash privacy cryptocurrency.

According to a Thursday announcement shared with Cointelegraph, ShapeShift’s self-custodial decentralized exchange (DEX) aggregator and self-custodial wallet now support Zcash (ZEC) shielded transactions. The announcement comes as Zcash Community Grants allotted $50,000 to support ShapeShift’s technical and marketing investments.

According to the announcement, with this move, the organization aims to “offer true privacy on-chain for its users.”

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