In a significant development for the privacy-focused cryptocurrency sector, two major global exchanges, Bybit and OKX, have announced the listing of the ZAMA token for spot trading. This dual listing represents a strategic expansion of their digital asset offerings and provides traders with access to an emerging privacy-enhancing cryptocurrency.
Bybit confirmed its ZAMA listing through official channels on November 15, 2024, with trading scheduled to commence within the coming week. The exchange will initially support ZAMA trading pairs against major stablecoins including USDT and USDC, implementing its standard tiered fee structure. Bybit emphasized its comprehensive evaluation framework, which includes technical security audits, liquidity considerations, and regulatory compliance reviews before adding any new asset.
OKX has scheduled its ZAMA listing for precisely 1:00 p.m. UTC on February 2, with trading to commence in the ZAMA/USDT spot pair. The exchange highlighted its rigorous due diligence process, evaluating factors like technological integrity, regulatory compliance, and community traction. OKX applies its stringent know-your-customer (KYC) and anti-money laundering (AML) protocols uniformly to all traded assets, including privacy coins.
ZAMA operates as a privacy-focused cryptocurrency that implements advanced cryptographic techniques, including zero-knowledge proofs or ring signatures, to enhance transaction confidentiality. The project's development team includes researchers from leading academic institutions. Since its mainnet launch in early 2023, ZAMA has gradually gained recognition within the privacy coin segment. The token currently maintains a circulating supply of 85 million coins with a maximum supply capped at 210 million.
Market analysts note that ZAMA's trading volume has increased approximately 47% over the past quarter across decentralized exchanges. The privacy coin segment represents approximately 2.3% of the total cryptocurrency market capitalization. Industry experts observe that modern privacy protocols increasingly incorporate optional transparency features, allowing users to disclose transaction details to authorized parties when necessary, which may explain why major exchanges are willing to list select privacy-focused assets.
Historical data from similar listings shows an average price increase of 15-25% in the first 48 hours following announcement, though this varies based on broader market conditions. New listings generally increase an asset's trading volume by 300-500% initially as new investor segments gain access.
