THORChain 3.20 Unlocks Native Monero and Zcash Swaps With Bitcoin, Ethereum and Stablecoins

Privacy coins have become increasingly difficult to move into the wider crypto market without going through a centralized intermediary. THORChain is looking to change that with one of its most significant protocol upgrades yet.

The decentralized exchange announced the launch of THORChain 3.20, introducing native support for Monero (XMR) and Zcash (ZEC) swaps. Users can now swap the privacy-focused cryptocurrencies against assets including Bitcoin (BTC), Ethereum (ETH), and stablecoins directly through THORChain.

The important part is what users do not have to do. No wrapped versions of XMR or ZEC involved, no exchange account is required, and users do not have to deposit their assets with a centralized custodian before making a trade.

That gives privacy-coin holders a more direct route into some of the largest and most liquid parts of the crypto market.

A New Route Out of the Privacy-Coin Silo

The integration is particularly notable for Monero. Access to XMR through centralized exchanges has tightened considerably as trading platforms have removed or restricted the cryptocurrency in response to regulatory and compliance concerns.

… Continue reading the full article at the original source below.