ZEC -0.03% on OKX Relisting Despite 15.12% Weekly Drop

Zcash (ZEC) is currently trading at $570.91, down 0.03% in the last 24 hours as of November 24, 2025. Despite this short-term dip, ZEC has shown significant long-term gains, rising 41.54% over the past 30 days and 917.79% in the last 12 months. However, the token has faced a 15.12% correction over the last seven days, raising questions about the sustainability of its recent bullish momentum.

OKX Announces ZEC Spot Trading Resumption

The resumption of ZEC spot trading on OKX has been a pivotal event for the privacy-focused cryptocurrency. The exchange, which had previously delisted ZEC and several other privacy coins in early 2024, has now reinstated the asset on its platform. OKX announced the relisting via its official blog, with ZEC/USDT spot trading set to begin at 12:00 UTC on November 24. Deposits are already available, and withdrawals will follow shortly after the launch of trading.

The exchange’s decision reflects a broader shift in its strategy, particularly for the Chinese-speaking market. OKX is a major offshore platform catering to a significant portion of the global crypto user base. The return of ZEC to OKX marks a reversal of the exchange's earlier decision to delist the token, which had been attributed to factors such as low activity and user feedback. The move is expected to increase liquidity and visibility for ZEC, potentially attracting new investors and traders to the asset.

Market Reaction and Price Volatility

Zcash experienced a notable price surge following the announcement of its relisting. The price briefly reached $601, a level not seen since November 2016. However, this rally was short-lived, as ZEC subsequently corrected to its current price of $564 amid broader market weakness. The correction highlights the token’s susceptibility to macroeconomic trends and general crypto market sentiment, despite its strong fundamentals.

The ZEC price has been on an upward trajectory since September 2025, with the token surging over 1,100% in three months. This performance has elevated Zcash's market capitalization to $9.24 billion, with daily trading volume reaching approximately $2 billion. The privacy coin has also contributed to a broader increase in interest in the privacy-focused crypto sector, with the overall market cap of this category now standing at $59.6 billion.

Analysts have offered mixed forecasts for ZEC's future. Some, like Ali Martinez, project a price target of $750 for ZEC in the near term. Others remain cautious, noting the volatility and uncertainty in the broader crypto market. The token's performance will likely depend on several factors, including continued institutional adoption, regulatory developments, and the success of its quantum-resistant upgrades.

Institutional and Regulatory Developments

Zcash's recent momentum has been fueled by both technological advancements and institutional interest. The Electric Coin Company, the development team behind Zcash, has been working on a Q4 2025 roadmap focused on privacy tools and quantum-resistant features. These upgrades aim to future-proof the network against emerging threats and position Zcash as a viable solution for secure, private transactions.

In addition to technological progress, Zcash has seen increased institutional adoption. The Winklevoss twins, known for their early support of Bitcoin, have publicly backed Zcash, acquiring a stake in the asset and positioning it as a complementary privacy solution to Bitcoin. This institutional interest has helped bolster confidence in the token, particularly as the broader crypto market grapples with regulatory uncertainty.

Regulatory developments have also played a role in Zcash's resurgence. The delisting of ZEC in early 2024 by OKX and other exchanges had been linked to compliance concerns. However, the relisting now appears to be a response to a shift in regulatory attitudes, particularly in the U.S. following the recent election. The new SEC leadership has encouraged exchanges to reintroduce privacy-focused assets, signaling a potential normalization of such tokens in the mainstream financial system.

Conclusion

Zcash has returned to OKX, marking a significant development for the privacy coin. While the token has experienced a recent price correction, its long-term gains and strong fundamentals continue to attract attention from both retail and institutional investors. The resumption of ZEC trading on OKX is expected to increase liquidity and visibility for the asset, potentially setting the stage for further growth. As the broader crypto market navigates regulatory and macroeconomic challenges, Zcash's position as a leading privacy-focused cryptocurrency will likely remain a key factor in its price trajectory.