ZB.com is an unregulated Chinese cryptocurrency exchange. It launched shortly after the Chinese government’s ICO ban in 2017, relocating to Hong Kong to avoid strict regulations. It is registered in the island state of Samoa making it possible for the exchange to conduct business internationally.
Although it mainly caters to Asian investors and traders, its services are available worldwide with the platform available in both Mandarin and English. It also offers two levels of service, one for experienced professional traders, and a simplified version for beginners.
ZB.com’s main offering is crypto-to-crypto spot trading, but it also provides limited crypto to fiat trading options. It supports 3x leverage trading and high-performance match trading.
Following its launch, ZB.com partnered with BW.com (one of the world's largest cryptocurrency mining platforms) and QUOINE (a leading fintech company providing financial services through blockchain technology). The partnership was created to facilitate liquidity across isolated cryptocurrency & fiat markets.
In 2018 ZB.com began over-the-counter (OTC) trading and introduced margin trading for major cryptocurrency pairs. It also launched its European operations ZBX, a Malta-based crypto exchange which aims to be one of the first fully regulated Maltese exchanges, and has applied for a license to list Security Token Offerings (STOs). According to ZBX executives, the platform will be one of the most liquid exchanges on the planet with liquidity shared among the ZB exchange family (ZB, ZBX, and ZBG).
The platform was co-founded by Jimmy Zhao, a former systems manager at Ericsson, who went on to found several start-ups including Lunchback, a mobile platform connecting professionals with mentors, ChainEx, event planning and marketing for ICO’s, and Zillion Bits AG, which provided the technology and support to build ZB.com.
Kevin Zgang, who also worked at Ericcson as head of global operations, shares the title of co-founder at both Zillion Bits AG and ZBX.
In an October 2018 monthly report by analysts CryptoCompare, it was noted that ZB.com’s web traffic was suspiciously low compared with the average daily trading volumes and that its depth down volume was significantly lower than its average daily pair volume. Researchers at Crypto Exchange Ranks also claim to have found patterns of unnatural and artificial trade volume performance. This has led to certain factions accusing the exchange of volume manipulation.Read More