other material
confidence high
sentiment neutral
materiality 0.30
CoinDesk removes Binance.US from Zcash Price Index; Grayscale Zcash Trust uses Coinbase Pro, Gemini, Kraken
Grayscale Zcash Trust (ZEC)
- Effective April 29, 2023, Binance.US removed from CoinDesk Zcash Price Index due to failing minimum liquidity requirement.
- No new exchange added; remaining constituent exchanges are Coinbase Pro, Gemini, and Kraken.
- Index Provider may adjust trading venues at any time and conducts quarterly reviews for additions/removals.
- This change directly impacts the index used to derive the Trust's net asset value.