Benzinga | Apr 28, 2021 08:44AM EDT

ZK International Subsidiary xSigma Announces Its DeFi Token Exchange Listing On Bittrex Global; Reveals Binance Smart Chain Plans

ZK International Group Co., Ltd. (NASDAQ:ZKIN) ("ZKIN", "ZK International" or the "Company") and its subsidiary blockchain R&D lab xSigma Corporation are pleased to announce that "SIG", a governance token of xSigma DEX a DeFi Protocol, (website: www.xsigma.fi), will be listed on Bittrex Global and will be available for trading today. Additionally, xSigma announced its plans for migration to Binance Smart Chain, which has been showing an impressive traction over the last few months.

Bittrex Global is one of the most secure trading platforms in the world. Built on Bittrex's cutting-edge technology, Bittrex Global provides an institutional grade experience for professional and novice customers alike and is Ranked #12 by Coinmarketcap1 and has $245 million of daily trading volume. Bittrex with its premier trading platform had over 6 million total visits on its website last month2 and it is known as a reputable regulated cryptocurrency exchange.

The "SIG" Token, is a governance token of xSigma stablecoin decentralized exchange (DEX) based on Ethereum network. The DEX has been integrated to 1-inch aggregator and to date the xSigma DEX has processed over $300 million of volume so far in just 2 months after going live.

In addition, xSigma is also pleased to announce that it is working on integrating with Binance Chain (BSC). BSC has gained impressive traction so far with over 7 million transactions a day, more active wallets than Ethereum, and the TVL in DeFi projects on BSC has reached $36 billion. The xSigma team decided not to miss this opportunity, so xSigma will partially migrate to BSC -- where the existing SIG will be transferable via Ethereum-BSC bridge. xSigma plans on sharing more news about the BSC migration soon.

1 https://coinmarketcap.com/rankings/exchanges/

2 https://www.similarweb.com/website/bittrex.com/

About ZK International Group Co., Ltd.

ZK International Group Co., Ltd. is a China-based designer, engineer, manufacturer and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems. The Company owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which in its current supply state is 70% unfit for human contact. ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee that is focused on supplying steel piping for the multi-billion dollar industries of Gas and Water sectors. ZK has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird's Nest", which were venues for the 2008 Beijing Olympics. Emphasizing superior properties and durability of its steel piping, ZK International is providing a solution for the delivery of high quality, highly sustainable, environmentally sound drinkable water to not only to the China market but to international markets such as Europe, East Asia and Southeast Asia.



For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company's SEC filings please visit www.sec.gov.