ZAMA Jumps 30% After Upbit Announces Listing

Source
Minseung Kang

Summary

  • ZAMA rose more than 30%% in a short period to $0.0306 after Upbit, a South Korean crypto exchange, announced trading support for the token.
  • Trading in ZAMA will be available in KRW, Bitcoin (BTC) and Tether (USDT) markets, with trading scheduled to begin at 7 p.m. that day.
  • ZAMA is a cryptographic infrastructure project designed to address the conflict between transparency and privacy on public blockchains, enabling smart-contract computation based on fully homomorphic encryption (FHE).

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Photo: Screenshot from ZAMA's X account
Photo: Screenshot from ZAMA's X account

ZAMA surged in short-term trading after South Korean crypto exchange Upbit announced trading support for the token.

Odaily, a crypto-focused media outlet, reported on April 14 that ZAMA rose more than 30% to $0.0306 after the Upbit listing announcement.

Upbit earlier said it would add ZAMA that day. Trading will be available in KRW, Bitcoin and Tether markets, with trading scheduled to begin at 7 p.m. Deposits and withdrawals are set to open within about 90 minutes of the announcement via the Ethereum network.

ZAMA is a cryptographic infrastructure project aimed at addressing the tension between transparency and privacy on public blockchains. It is designed to enable smart-contract computation while data remains encrypted through fully homomorphic encryption, or FHE.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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