Zcash Futures Open Interest Jumps 25% to $713M in 24 Hours

Zcash (ZEC) futures open interest reached 1.63 million ZEC, worth approximately $713 million, rising 25% over 24 hours, Coinglass data show on November 1. Spot trading volume totaled $604 million during the period, while futures volume hit $3.51 billion. Funding rates across major platforms remained predominantly negative, indicating higher short position ratios. ZEC traded at $438, up 13.95% in 24 hours, HTX market data show.