ZT is a centralized cryptocurrency exchange that was founded in 2018 and is located in Seychelles. ZT is an acronym for Zenith. The platform provides the usual ZT spot trading, cryptocurrency loans, staking, and liquidity provision. However, it also has a launchpad, leveraged tokens, a P2P trading platform, a self-listing function, and its own blockchain.
People from anywhere in the world can use ZT services, except for countries where crypto trading or acquisition is not legal. Besides, while US users can trade or buy crypto on the ZT website, they cannot download and install the smartphone app. All ZT traders must go through a KYC verification process to be able to deposit or withdraw crypto from their accounts.
In terms of accessibility, the exchange can be accessed through desktop and mobile devices.
ZT supports a variety of financial products for different types of customers, including futures, ZT spot, and derivatives.
Because the platform's core function is a crypto-to-crypto exchange, ZT offers numerous cryptocurrencies in a wide range of ZT trading pairs. At the time of writing, the total number of crypto assets available has exceeded 800, and the exchange keeps listing more and more of them. Besides, access to a huge selection of low-cap cryptocurrencies like Automata or Luffy is one of ZT's primary selling factors.
The ZT crypto exchange does not make direct transactions of fiat-to-crypto and vice versa. However, it processes these transactions through Banxa and Moonpay.
ZT has a native token, which is called ZTB. The token serves no use on the exchange, however, it is an integral part of the Zenith Smart Chain (ZSC). It secures the chain and contributes to the expansion of Zenith DEX. Check out the live ZT crypto price here.
Regarding ZT exchange fees, each trade on the exchange carries a 0.2% ZT crypto fee for both makers and takers. Also, ZT rewards active users by lowering the taker's fee (at the maximum Level, the fee is decreased to 0.12%) and providing additional compensation in USDT.
All deposits on the ZT exchange are free of charge. Withdrawal fees, on the other hand, differ based on cryptocurrency. For example, the fee for Bitcoin is 0.0005 BTC for each withdrawal, which is reasonable compared to the industry average of 0.0006 BTC.
Talking about other features of the exchange, Bright Friday is a niche service offered by ZT. Every Friday, users can win rewards like workshop kits or coins. According to the game's regulations, ZT exchange reserves the right to ban any user who is caught cheating. There's also a DOT slot auction in which users bid by staking Polkadot (DOT) to obtain a slot, which can be leased for a three months period.
Also, different types of cloud-based mining are available on the ZT exchange. The earnings range from 1% to 1,000%. Profit is determined by the initial investment of the native ZTB coin.
Another notable service is a special feature called Self listing. It allows any user to submit a token to be featured on the listing. Those tokens that get at least 1000 users to verify it, appear on the exchange. Of course, these coins carry some risk because they are not systematically reviewed. However, due to this feature, ZT is one of the most popular low-cap altcoin exchanges in the industry.
Lastly, one of the most important milestones of ZT is that in 2021 it rolled out the Zenith Smart Chain (ZSC), which operates on the Tendermint consensus engine. Besides supporting NFTs, it also supports Ethereum-based smart contract functionality. As mentioned before, the ZTB token plays an important role on this blockchain.
About the Company
Founded in 2018 by Taseer Badar and headquartered in Seychelles, the ZT cryptocurrency exchange is a global service provider with a reputable founding team from renowned financial institutions like Merrill Lynch and high-level members from companies like Goldman Sachs.
Taseer Badar is an American entrepreneur and philanthropist. He also serves as the chairman and the CEO of ZT and has won many prestigious awards, such as the Businessperson of the Year Award in 2018.
The ZT cryptocurrency exchange generally stayed out of the public eye during the first two years of its existence, for both institutional and individual investors. Later on, ZT began to gather a lot of altcoins and began to position itself as a democratic exchange run by its users. True growth, meanwhile, didn't occur until 2021, when a lot of institutional investors made the decision to actively engage in the project.
For fiat-to-cryptocurrency transactions, as previously noted, ZT Global collaborates with Banxa and MoonPay. Though the initiative also has a number of respected investors that are providing financial support for it. SoftBank Group, one of the most significant investment companies in the world with a concentration on high-end technology and telecommunications, is one of ZT's backers. However, ZT also has blockchain venture capital companies such as Cabin VC, Candaq, and Dealean supporting it as well.