Business
ZK International's Subsidiary, Xsigma Secures an Industry Leader CEO for its Xsigma Trading Division, Getting Ready to Launch Its Crypto, Crypto Derivative and CFDs Trading Platform.
WENZHOU, China, March 25, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), is pleased that,
About this update from Zk International Group Co., Ltd
[{"type":"text","content":"WENZHOU, China, March 25, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) (\"ZKIN\", \"ZK International\" or the \"Company\"), is pleased that, xSigma Corporation, a subsidiary of the Company and a blockchain R&D lab, announced that following its highly successful launch of xSigma DEX, in an effort to expeditiously develop and deploy its latest trading product xSigma Trader, the company has engaged and appointed Mr. Arpan Sood as the new CEO of xSigma Trader, a Crypto, Crypto Derivative and CFDs trading platform. The platform's website is now open to the community at: https://xsigma-trading.com\nMr. Sood has over 20 years of experience in the finance industry, during which he has served various leadership and management roles. His experience includes overseeing the development of new trading technologies, the development of research and analytical trading tools, managing trading operations and trading desks at numerous financial institutions, and trading various global financial products.\nThe market for new derivative trading platform continues to heat up, indicating that the bitcoin-based derivatives markets have seen continuous transaction and growth. In the second quarter of 2020, TokenInsight calculated based on 42 exchanges that the trading volume of the cryptocurrency derivatives market was $2.159 trillion, with an increase of 2.57% from the previous quarter and a year-on-year increase of 165.56% from the second quarter of 2019.1\nMr. Arpan Sood, CEO of xSigma Trader stated, \"I am very excited to become a part of the xSigma team and help the firm in its efforts to redefine the crypto financial products space. I believe that with our unique business model and commitment to the crypto community we will pioneer the way and set the standards for the industry to follow.\"\n1 https://tokeninsight.com/report/1174?lang=en&title=2020-Q2-Cryptocurrency-Derivatives-Exchange-Industry-Report\nAbout ZK International Group Co., Ltd.\nZK 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 cap...