On the heels of the cryptocurrency’s total market capitalization reaching $ 2.6 trillion, ZK International’s xSigma subsidiary is launching its beta for two trading platforms for CFDs, Crypto, Crypto Options and crypto derivatives
WENZHOU, China, 21 October 2021 / PRNewswire / – ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), and its subsidiary xSigma Trading (“xSigma”), are pleased to announce that the beta launch of its two flagship trading platforms, “XSigma trade “ for CFD trading and “Merchant xSigma “ for Crypto, Crypto Options and Crypto Derivatives.
XSigma trade is an exclusive, robust, dynamic and interactive trading platform that focuses on CFD trading in global markets through its advanced and independent design and cutting-edge technology. Through xSigma Trading, all traders can participate in the CFD market and engage in trading a variety of unique products and offers, including some of the tightest stock listings in the market.
XSigma trader is a leading-edge crypto, crypto options, and crypto derivatives platform that enables users to actively assess and engage in the volatile cryptocurrency market. The platform allows participants to diversify their cryptocurrency risk using products such as immediate and short-term crypto options and derivatives. XSigma trader plans to allow a wide variety of cryptocurrencies to be offered and a marketplace for most new crypto listings to trade.
The launch of our beta launch is timely in the crypto world, as we are seeing some big events in the crypto space:
- Bitcoin hit a new all-time high, surpassing $ 66,000, while ETH broke $ 4000
- The current cryptocurrency market capitalization has reached $ 2.5 trillion according to Coinmarketcap
- In August, open interest in bitcoin and ether derivatives was $ 12.12 billion according to cointelegraph
- More $ 100 billion derivatives are traded on a busy day according to research from Carnegie Melon University
- ProShares debuted on the New York Stock Exchange (NYSE) on Tuesday and recorded a trading volume of over $ 1 billion the first full day
The CEO of xSigma Trading, Apan sood Says: “At xSigma, we are very happy and excited to launch the beta of our major trading platforms at such an exciting time in the crypto space. We believe that xSigma’s trading products will lead the trading community into the future of CFDs, cryptocurrency and derivatives trading. Our platforms encompass a wide range of products that really allow traders at all levels to access a much wider range of equity CFDs and crypto derivatives than is available on most platforms today. XSigma’s unique trading platforms provide traders with greater opportunities to take advantage of volatile markets while protecting themselves from market risks. Our goal is to create a unique and robust high match platform that combines crypto derivatives and equity CFDs in one trading solution. These systems were designed as a crypto and CFD trading platform. for retail and institutional clients who will adopt crypto trading, loans, options and derivatives as well as US equities CFDs on a single platform. “
For more information on xSigma Trading products, contact us at: https://xsigma-trading.com/#contact-form
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based engineering company that builds and invests in innovative technologies for the modern world. With a focus on the design and implementation of next-generation solutions through industrial, environmental and software engineering, ZKIN holds 28 patents, 21 brands, 2 technical achievement awards and 10 national and industry standards awards. ‘industry.
ZKIN’s main business is to design and manufacture patented high performance stainless steel and carbon steel pipe products that efficiently deliver high quality, highly durable and environmentally friendly drinking water to Chinese people, Asia and European markets. ZK International is certified quality management system (ISO9001), certified environmental management system (ISO1401) and holder of a national license for the production of industrial stainless steel. It has supplied stainless steel piping for more than 2,000 projects, including Beijing National Airport, “Water Cube” and “Bird’s Nest”, which hosted the 2008 Beijing Olympics. ZK International is preparing to capitalize on the commitment of 850 billion dollars made by the Chinese government to improve the quality of water, declared 70% unfit for human contact.
In 2018, ZKIN established its wholly owned xSigma Corporation to develop innovative software solutions that support its core operations while exploring new opportunities in smart contracts, distributed ledgers, supply chain management and l blockchain architecture. The xSigma Labs team is made up of world-class developers and engineers, formerly of Facebook, Google, Amazon, Ripple and 1inch, who recently launched their first DeFi project in fall 2020.
In March 2021, ZKIN announced the formation of its new wholly owned subsidiary, xSigma Entertainment Limited. It was created as part of ZK’s integrated business network focused on developing and investing in innovative software technology platforms. XSigma Entertainment’s mandate is to acquire assets in the fast growing US gaming market. Sigma Entertainment aims to increase shareholder value by targeting and investing in early stage online game businesses that are poised for exponential growth and exits.
For more information, please visit www.ZKInternationalGroup.com. In addition, please follow the Company on Twitter, Facebook, Youtube, and Weibo. For more information on the documents the company has filed with the SEC, please visit www.sec.gov.
About xSigma Trading
The xSigma trading platform will provide clients with crypto derivative products, such as crypto options, crypto basket trading, crypto basket lending. The platform will provide traders with extreme market depth and liquidity and provide the best opportunity to select and diversify their portfolios with the variety of different products. The xSigma trading platform will provide CFDs on US stocks which will be wide to include stocks which are not normally available as CFDs. We will focus on “in-the-money” stocks, speculative stocks that might normally be difficult to borrow or too expensive to trade short.
For more information, please visit: https://xsigma-trading.com
Safe Harbor Declaration
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the US Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may”, “will”, “expect”, “believe”, “anticipate”, “intend to” “,” Could “,” estimate “or” continue “or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statement that refers to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond ZK International’s control. Actual results may differ from those projected in forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the documents filed by the Company with the United States Securities and Exchange Commission. . Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be incorrect and, therefore, there can be no assurance that the results contemplated in the forward-looking statements will be achieved. In light of the significant uncertainties inherent in the forward-looking information included in this document, the inclusion of such information should not be construed as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International assumes no obligation to revise any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.
Contact: Di Chen
Mobile number: +86 15057357883
E-mail: [email protected]
SOURCE ZK International Group Co., Ltd.