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Zcash climbs to an eight-year high as perpetual futures surge

ZEC broke above $880 as open interest in perpetual futures rose to $1.8 billion.

Reported · Written up by our desk · Market Structure

Zcash (ZEC) jumped to levels not seen in roughly eight years, with the token moving above the $880 mark, according to Decrypt.

The move was accompanied by a sharp rise in derivatives activity, as open interest in Zcash perpetual futures climbed to $1.8 billion.

Decrypt also reported that market participants are increasingly placing bets via perpetual futures, with that positioning nearly doubling.

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