Gemini co-founder: Zcash's popularity is like the crypto market in 2019

BlockBeats news, September 30 - Gemini co-founder Tyler Winklevoss stated that the current market enthusiasm for privacy coin Zcash is reminiscent of the crypto market in 2019, when Bitcoin had just emerged from the 2018 bear market and market focus shifted to institutional infrastructure and custody.

Zcash launched in 2016, utilizing zero-knowledge proofs to enable private transactions, and has long faced regulatory scrutiny, with some exchanges having delisted it. According to CoinGecko data, the price of ZEC rose from approximately $511 in January 2026 to $1,335.51 on September 16. Since obtaining approval from New York State in 2018, Gemini has become the first licensed trading platform to offer Zcash trading and custody services.