The Zcash wallet Zashi has launched a TEX address feature, allowing users to seamlessly transfer their privacy-protected ZEC funds to exchanges like Binance that require transparent deposits. TEX addresses are designed specifically for exchanges. Zashi users themselves will not possess a TEX address, but through this feature, Zashi and other wallets can enable shielded funds to be transferred to exchanges. This function also resolves the issue of some exchanges being unable to properly handle Zcash shielded transactions, ensuring the safe transfer of user funds.

The core mechanism of TEX addresses involves a temporary transparent address acting as an intermediary. Users' shielded ZEC will be transferred through this transparent address before being sent to the exchange. This allows the exchange to identify the source of the transaction while still protecting the user's privacy information.