The Good Tech Companies - ZKEX.com Unveils ‘Super DEX’ Following $2.5m Fundraise

Episode Date: July 19, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/zkexcom-unveils-super-dex-following-$25m-fundraise. The funds will support ZKEX.com’s roadmap to launch its fiat on-ramp service, mobile app, and Telegram bot in the upcoming quarter. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #zkex, #btcwire, #press-release, #zkex-announcement, #crypto-exchange, #blockchain-development, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. ZKEX.com unveils SuperDEX, following $2.5 million fundraise, by BTC Wire. The 19th of July, 2024, Singapore, ZKEX.com, the industry's first multi-chain SuperDEX, has raised $2.5 million in its latest funding round. This seed round features investors such as Fenbushy Capital, KXVC, and Rocktree Capital. The funds will support ZKEX. Com's roadmap to launch its fiat on-ramp service, mobile app, and telegram bot in the upcoming quarter.ZKEX.com offers crypto traders the functionality of a centralized exchange cex including multi-chain convert spot derivatives and cross-chain bridging unlike traditional cex's zkex.com allows users to

trade native assets in any blockchain directly from their self-custodial wallets eliminating the need to hand over token custody to the exchange. The protocol is the first decentralized exchange, DEX, in industry to address the problem of liquidity fragmentation across different blockchains by using zero-knowledge technology to create a secure, unified trading layer. The round saw participation from Fenbushy Capital, KXVC, Rocktree Capital, NGC Ventures, L2 Iterative Ventures, Crypto.com Capital, IDG Blockchain, WhaleGround, Moonhill Capital, Blocklabs Capital, Optic Capital, Hyperhythm Group, and G20 Group. Over the past 12 months, decentralized crypto exchanges have experienced significant growth, with monthly trading volumes rising from approximately $100 billion to over $250 billion

by early 2024. This growth aligns with an increase in active user wallets from 3 million to over 4 million and zero knowledge projects securing over $400 million in funding. Greater than, we're obsessed with making multi-chain trading simple, fast, and cheap, greater than offering a similar experience to a CEX without comprom, and cheap, greater than offering a similar experience to a CEX without compromising the principles of greater-than-self custody and decentralization, said Bilal Khan, co-founder. Users can greater-than-onboard from any network and start trading with native assets in under a greater-than-minute. In a few clicks, you could use your USDT on ZKSYNC to spot buy ETH, greater than short sell it with a perpetual

contract, close both positions as limit orders, greater than and withdraw profits as USDC on base. 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. Greater than, ZKEX.com has addressed one of crypto's biggest security challenges, the greater than ability to safely use any supported stablecoin to directly trade tokens on any greater than connected chain, without intermediaries, said Omer Ozden, chairman of Greater Than Rocktree Capital. The core team brings years of experience from

top-tier CEXs greater than to decentralized on-chain team brings years of experience from top tier cex is greater than to decentralized on-chain trading and we're excited for what's ahead he greater than added.zkex.com operates on an aggregated layer 3 l3 built on zk link layer 0 and polyhedra guaranteeing the security of deposits withdrawals and transactions across chains with zero knowledge proofs and achieving settlement speeds of up to 1,000 transactions per second. About ZKXKicks.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. For media inquiries, please contact team at zkex.com website, zkex.com, docs, blog, twitter, discord, telegram. Tip This story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here. And thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.