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Zenith Chain Announces Centralized Exchange Launch with Support for 200 Cryptocurrencies Across 175 Countries

Cryptocurrency Mar 12, 2022 03:00AM ET
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Zenith Chain Announces Centralized Exchange Launch with Support for 200 Cryptocurrencies Across 175 Countries

Zenith Chain, a digital peer-to-peer network that aims to implement a use case-specific blockchain has announced the launch of its much-awaited CEX platform with support for over 200 top cryptocurrencies across 175 countries. The zenith CEX is scheduled to be released on March 10th, 2022.

Zenith CEX is a cutting-edge new-age crypto exchange that offers secure trading. The zenith CEX is a regulated exchange platform that handles critical issues such as security, liquidity, and fiat to crypto and vice versa transactions, among others. The exchange is one of just a few completely insured marketplaces in the globe. with the trading software, one can trade their preferred altcoin, bitcoin, or Ethereum. Some of the key trading features of the CEX trading platform include:

Spot Trading: The Zenith CEX, like any other top centralised exchange, offers spot trading alternatives. Users can buy and sell their preferred tokens or coins with ease. They can either utilise the “Limit Buy” option to set the price at which they wish to buy a specific currency or token. Users can, on the other hand, use the “Market Buy” option to decide how much of their current asset they want to spend on another token or coin.

Margin Trading: Users who want to increase their trading gains can use Zenith CEX’s margin trading option. This trading option multiplies trading results, allowing traders to profit more from good deals. To get started, users will need to put down a percentage of the total order value. After they’ve opened the trade, they can choose to sell Long or Short.

P2P Trading: P2P is a type of trade that takes place between users rather than between users and the exchange. This option allows them to buy and sell bitcoins directly from or to other users.

Real-time Prices: The Zenith CEX offers real-time prices, unlike many other centralised exchanges. Users will be able to see the price changes as they occur because prices change in real-time. Users can also get a detailed pricing history on the exchange. Users have the option of accessing which price history they wish. 1 minute, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week, or 1 month are all possibilities. They’ll be able to read the chart more clearly and make more accurate forecasts as a result of this.

Zenith chain has been designed to efficiently handle one single function: the transfer of assets from one party to another. Using the Proof of Authority (POA) consensus, which allows for quicker block times and reduced fees. Candidates for staking who are the most bonded will become validators and produce blocks. Security, stability, and chain finality are all ensured by double-sign detection and other cutting logic. EVM-compatible smart contracts and protocols are also supported by the Zenith Chain. Due to native interoperability capabilities, cross-chain transfer and other communication are allowed.

The Zenith Chain system reward structure is astounding, and some settings may influence how the rewards are distributed. The Zenith Chain system uses a decentralised peer-to-peer exchange network, which is a software-based platform that allows crypto-market players to trade directly with one another without the need for a third party. Zenith Chain does not store any coins or private keys on central servers because it uses a decentralised exchange mechanism. The user has control over their funds, and they can employ hardware wallets and anonymous accounts. Users of the Zenith Chain can receive rewards from apps that use blockchain technology to provide points in the decentralised network.

Zenith Exchange is one of the most secure CEXs

Zenith is going to launch one of the most secure centralized trading platforms available in the market today with features including cold wallet support, biometric login, and much more. The Zenith Chain development team has chosen to keep all digital assets on the exchange in a cold wallet to protect the security of the digital assets kept there. A cold wallet is a piece of hardware developed exclusively for holding cryptocurrencies. Unlike software wallets, the hardware wallet is impenetrable to hackers. To acquire access to a cold wallet, they must first obtain the cold wallet.

Along with the web version, the project will provide Android and iOS applications for the Zenith CEX. The biometric fingerprint capability will be available to customers who download either app. This functionality will strengthen the security of the tokens even more. Furthermore, biometric authentication is still the safest kind of protection. It is difficult for a hacker to access users’ digital funds unless they can fake their fingerprints.

Multiple authentications are another security feature of the Zenith CEX. Users must use double authentication while logging into their accounts and transferring funds from the Zenith CEX to another crypto wallet. Users must prove that they are the account’s owners when entering their password on a new device.

Zenith CEX will send a security code to the user’s email address, phone number, or authenticator app when they log in. Users must enter the secret code supplied to them correctly to gain access to their accounts. If they do not, they will be unable to access their account. This is also true when it comes to money transfers. Before a user can successfully transfer digital assets to another wallet, they must input the code sent to them correctly.

Disclaimer: CoinQuora does not endorse any content or product on its page. While we aim to provide you with all relevant information that we could obtain, readers are encouraged to do their own research before taking any actions and bear full responsibility for their decisions. Please note that this article does not constitute investment advice.

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Zenith Chain Announces Centralized Exchange Launch with Support for 200 Cryptocurrencies Across 175 Countries

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