Registered in Seychelles in 2018, ZT Global represents a centralized crypto exchange. In contrast to its larger rivals, ZT offers a wide range of rare altcoins striving to create a reason for some investors to join the platform. In addition, it offers some unique features such as mining hashrate tokens, info pages for all of the listed cryptocurrencies, and a self-directed listing which will be described in detail below.
As mentioned earlier, the ZT Global exchange was started in 2018. For the first two years of its existence, it mostly resided under the radar for both retail and institutional investors. However, later ZT started accumulating many of the altcoins and started to position itself as a democratic exchange led by its users.
The true growth, however, started only in 2021, when numerous institutional investors decided to invest heavily in the project. Thus, SoftBank Group, Cabin VC, Candaq, and Dealean, kickstarted a lot of new branches in ZT Global, including the ZT’s own ZSC smart chain, the self-directed listing, and other significant changes influencing further growth of the platform.
As for the security incidents, there are no recorded hacks of the exchange, and neither has it ever been under any legal investigation. At this, the platform continuously provided deposits and withdrawals and can be trusted by its customers.
ZT Global trading pairs
One of the main selling points for ZT Global is the access to the extreme variety of low-cap altcoins like Luffy, Zebec, Automata, and many more. At the time of writing, the total number of altcoins available has exceeded 800, and the exchange keeps listing more and more of them. Just like with many other platforms, most of the altcoins are traded against USDT, however, some are also traded against Bitcoin, ETH, and YPT.
When it comes to fiat, ZT Global doesn’t process fiat-to-crypto or crypto-to-fiat transactions by itself. Instead, it processes those payments through its partners, Banxa and Moonpay. As for cryptocurrency deposits, ZT Global offers such an option allowing its customers to exchange their cryptocurrencies for some of the most exotic altcoins that have ever been traded on the open market.
Trading fees on ZT Global
ZT Global features the same trading fees for makers and takers charging 0,2% from each transaction. This is a fairly regular fee that can be seen on many of the high-rank exchanges. It’s worth adding that the fee is flat, as no discounts are provided for the large volume traders or holders of ZTB, the native token of ZT’s own blockchain. Besides, there are no fees on crypto deposits, while the withdrawal fees are fairly similar to other exchanges as they differ in accordance with the currency being withdrawn.
The platform ecosystem
The set of options present on ZT Global is fairly standard. Thus, the platform offers regular spot trading, leveraged tokens, crypto loans, staking, and liquidity provision, a launchpad, and a P2P trading platform. There is also an option to purchase a mining token that makes its holder eligible for the mining returns in a respective cryptocurrency.
What makes a true difference, though, is a unique function called Self-directed listing. Anyone can create a request to list a token on ZT, and if at least 1000 verified users support the project, it receives an official listing. This way, ZT has accumulated hundreds of altcoins, having the widest assortment across all the centralized exchanges. This also makes the listing process more democratic, following the spirit of the whole cryptocurrency industry. However, cryptocurrencies listed in this manner hold an additional risk since they haven’t been manually reviewed and hence are marked as such in order to protect the investors.
Zenith Smart Chain and a ZTB token
A separate note should be made of the ZT’s Zenith Smart Chain (ZSC), which came into existence in 2021. ZSC is based on the Tendermint consensus engine. Running on the Delegated Proof-of-Stake consensus algorithm, it represents a smart-contract-capable and Ethereum-compatible blockchain originally built for the needs of decentralized exchanges. At the time of writing, ZSC also supports NFTs and provides bridges between Ethereum and Binance Smart Chain.
ZT is fueled by a native token ZTB running on the ZSC blockchain. The token doesn’t perform any functions on the exchange itself. Instead, it helps to facilitate the growth of ZT’s decentralized ecosystem, including the Zenith DEX, and to secure the ZSC blockchain by staking.
However, it is important to note that, at the time of writing, just three wallets collectively hold almost 84% of all ZTB supply, which puts decentralization and the safety of the network into question. Therefore, storing large amounts of crypto on the ZSC chain is not a very secure option, at least for the time being.
KYC/AML on ZT Global
As previously mentioned, ZT Global partners with Banxa and MoonPay for crypto on- and off-ramping. Both of the projects utilize KYC measures to fight illicit activities and money laundering, as well as to comply with the respective legislation. However, ZT Global also lists some privacy coins like Monero, which allows users to make their crypto transactions anonymous.
ZT Global team and partners
ZT Global is rather cryptic about its team. There is no publicly available information about any of its team members, including the CEO. Therefore, it’s impossible to estimate the team’s experience with the crypto industry, as well as digital projects in general. Considering that ZT started in 2018, one can assume that it may have happened as the outcome of the 2017 bull market. This means that the team could have had little expertise in this area before.
When it comes to corporate backing, the project features some reputable investors. One of the supporters that ZT is especially proud of is SoftBank Group, one of the world’s most influential investment companies with over $300 billion in assets as it focuses on telecommunications and high-end technology. The project is also backed by several blockchain venture capital firms such as Cabin VC, Candaq, and Dealean.