ZKEX.com has just secured $2.5 million in a seed round, positioning itself as the industry’s first multi-chain Super DEX. With backing from prominent investors like Fenbushi Capital and RockTree Capital, ZKEX.com is set to revolutionize crypto trading by combining the best of centralized exchanges with the security of decentralized platforms. In this article, discover how ZKEX.com plans to simplify multi-chain trading, enhance security, and offer a seamless trading experience without compromising on self-custody.

The Vision of ZKEX.com

ZKEX.com aims to redefine the crypto trading landscape with its innovative Super DEX. Unlike traditional centralized exchanges (CEXs) that require users to relinquish control of their assets, ZKEX.com offers a decentralized alternative that maintains self-custody. This means users can trade native assets on any blockchain directly from their self-custodial wallets, ensuring complete control over their funds.

The Super DEX concept is designed to provide the functionality and user experience of a CEX while leveraging the security and transparency of decentralized exchanges (DEXs). By addressing the limitations of both CEXs and DEXs, ZKEX.com aims to create a unified trading platform that offers the best of both worlds.

Key Features and Offerings

ZKEX.com offers a comprehensive suite of trading features that cater to the needs of modern crypto traders. These include:

• Multi-Chain Convert: Seamlessly convert assets across different blockchains.
• Spot Trading: Trade a wide range of cryptocurrencies with real-time market data.
• Derivatives Trading: Access advanced trading options such as futures and perpetual contracts.
• Cross-Chain Bridging: Move assets between different blockchains with ease.

One of the standout features of ZKEX.com is its use of zero-knowledge technology to address liquidity fragmentation across different blockchains. This technology creates a secure, unified trading layer that ensures efficient and transparent transactions.

Upcoming Developments

The $2.5 million raised in the seed round will support several key developments in ZKEX.com’s roadmap. These include the launch of a fiat on-ramp service, a mobile app, and a Telegram bot. These additions are expected to enhance the user experience by providing more convenient ways to access and trade on the platform.

• Fiat On-Ramp Service: This service will allow users to easily convert fiat currency into cryptocurrency, making it easier for new users to enter the crypto market.
• Mobile App: The mobile app will provide a user-friendly interface for trading on the go, ensuring that users can manage their assets anytime, anywhere.
• Telegram Bot: The Telegram bot will offer real-time updates and trading functionalities directly within the popular messaging app, providing an additional layer of convenience.

Market Context and Growth

The decentralized exchange market has seen significant growth over the past year. Monthly trading volumes have risen from approximately $100 billion to over $250 billion by early 2024. This growth is accompanied by an increase in active user wallets, which have grown from 3 million to over 4 million. Additionally, zero-knowledge projects have secured over $400 million in funding, highlighting the growing interest in this technology.

ZKEX.com’s innovative approach positions it well within this rapidly expanding market. By combining the strengths of CEXs and DEXs, ZKEX.com offers a compelling alternative to traditional trading platforms.

Security Measures

Security remains a critical concern in the blockchain industry, with over 150 major hacks involving cross-chain bridges and exchanges in the past two years, leading to billions in lost or stolen crypto assets. ZKEX.com addresses these security challenges with its use of zero-knowledge proofs, which ensure the safety of deposits, withdrawals, and transactions across chains.

The platform operates on an aggregated Layer 3 (L3) built on zkLink, LayerZero, and Polyhedra. This architecture guarantees the security of transactions and achieves settlement speeds of up to 1000 transactions per second. By maintaining self-custody and eliminating intermediaries, ZKEX.com significantly reduces the risk of hacks and unauthorized access.

Summary

ZKEX.com is poised to make a significant impact on the crypto trading landscape with its multi-chain Super DEX. By combining the functionality of centralized exchanges with the security of decentralized platforms, ZKEX.com offers a unique and compelling trading experience. The recent $2.5 million fundraise will support the launch of new features and services, further enhancing the platform’s capabilities.

As the market for decentralized exchanges continues to grow, ZKEX.com’s innovative approach and commitment to security position it as a leader in the industry. With its focus on self-custody, zero-knowledge technology, and user-friendly features, ZKEX.com is set to revolutionize the way we trade cryptocurrencies.

For media inquiries, please contact team@zkex.com

About ZKEX

ZKEX.com is the Web3 industry’s first Super DEX, an ultra-secure, multi-chain crypto exchange that offers the functionality of a centralized exchange while maintaining asset self-custody. Users can trade tokens and move assets across 10 chains and rollups, including Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, Optimism, Base, zkSync, Linea, and opBNB. All transactions are secured with zero-knowledge proofs, ensuring the safety of users’ funds at all times.

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The author does not own or have any interest in the securities discussed in the article.