ZigZag cryptocurrency exchange is a decentralized peer-to-peer exchange. It is based on a non-custodial order book, which is powered by ZK-Rollups. Since ZigZag uses an order book instead of an Automated Market Maker (AMM), as most other exchanges do, market makers who provide liquidity can avoid impermanent losses. The order book model allows ZigZag to replicate the user experience of CEXs while providing them with a DEX experience at the same time.
Users don't have to go through the KYC process to trade on ZigZag. Besides, the exchange is accessible through both – mobile and desktop devices.
ZigZag cryptocurrency exchange allows spot trading. Margin and derivatives trading is not available. The ZigZag spot market has 25 ZigZag trading pairs available. The most popular among them are ETH/USDC, USDC/USDT, and ETH/USDT. They have the highest ZigZag trade volume.
Users have complete control over their assets and can trade directly from their wallets without having to deposit or withdraw funds. Due to market makers' extraction of price feeds from centralized exchanges and transmission of those feeds to ZigZag's order books, ZigZag exchange fees are some of the competitive ones on-chain.
Besides, there are no ZigZag crypto fees for order placement or cancellation. Besides, for the use of the platform, ZigZag is also not charging any protocol fees. Users only pay swap fees, which are around $0.05, to cover zkSync network fees.
Besides, note that ZigZag has a token bridge that allows users to transfer assets from Ethereum to zkSync and vice versa. Additionally, user can list their own trading pairs.
ZZ is the native token of the ZigZag crypto exchange. The token is mainly used to cover transaction fees and provide holders with governance rights. You can check the current ZigZag crypto price here.
About the Company
The ZigZag exchange was launched in November 2021 on the zkSync 1.0 chain. However, zkSync 1.0 does not support Ethereum's smart contracts, therefore, the ZigZag exchange was also later released on Arbitrum. The purpose of this release was to test how EVM contracts would function on ZigZag before migrating to the EVM-compatible ZigZag 2.0 chain. As of January 2023, ZigZag 2.0 is yet to be released. However, the chain will bring support to smart contracts and a virtual machine called Zinc, which will be compatible with EVM.
There is no information about the founders of the ZigZag crypto exchange.
Check out the current ZigZag volume above.