#ParadigmDisclosesZECHolding
Paradigm Reveals ZEC Holding - Zcash Gets Another Institutional Signal
Paradigm co-founder Matt Huang has disclosed that Paradigm is not only an investor in the Zcash Open Development Lab (ZODL), but also holds $ZEC.
The disclosure came on September 16 and quickly caught the market’s attention. ZEC jumped roughly 20% over 24 hours, with reports showing it trading around $1,338–$1,369 during the move.
What makes this interesting is the bigger picture. Paradigm had already backed ZODL’s $25M+ seed round earlier this year, but this is a much clearer confirmation of direct exposure to the token.
Huang also described Zcash as a privacy complement to Bitcoin and highlighted the importance of long-term developer funding.
One important detail: Paradigm has not disclosed how much ZEC it holds.
#zcash #ZEC #BinanceSquare
Paradigm Reveals ZEC Holding - Zcash Gets Another Institutional Signal
Paradigm co-founder Matt Huang has disclosed that Paradigm is not only an investor in the Zcash Open Development Lab (ZODL), but also holds $ZEC.
The disclosure came on September 16 and quickly caught the market’s attention. ZEC jumped roughly 20% over 24 hours, with reports showing it trading around $1,338–$1,369 during the move.
What makes this interesting is the bigger picture. Paradigm had already backed ZODL’s $25M+ seed round earlier this year, but this is a much clearer confirmation of direct exposure to the token.
Huang also described Zcash as a privacy complement to Bitcoin and highlighted the importance of long-term developer funding.
One important detail: Paradigm has not disclosed how much ZEC it holds.
#zcash #ZEC #BinanceSquare