Interview with David Pulis of ZBX exchange, one of the top 5 based in Malta
Interview with David Pulis of ZBX exchange, one of the top 5 based in Malta
Interview

Interview with David Pulis of ZBX exchange, one of the top 5 based in Malta

By Amelia Tomasicchio - 1 Nov 2018

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On the occasion of the huge Malta Blockchain Summit, we had the chance to interview David Pulis, CEO of the ZBX exchange based in Malta, that is an extension of the ZB exchange based in China.

What is the main reason for ZBX exchange to set up in the Blockchain Island?

ZB exchange formerly known as CHBTC is a top 5 exchange which concentrates its efforts in China and does not onboard clients outside of Asia. It was only natural and a matter of time until ZB would expand its horizon to the Western World.

This has led to the birth of ZBX, a totally separate entity from ZB that will target users from Europe and the rest of the world.

What has contributed to ZB in China’s rise in the ranks for Crypto Exchange Volume in the last 3 months?

Daily traded volume is calculated in a variety of ways by different websites. The rise of ZB to the higher ranks could be attributable to a few reasons:

  1. ZB has not increased much of its volumes but other exchanges have experienced a significant decrease, so in comparison, ZB now ranks higher.
  2. ZB has made the ZB trading pair commission fee free of charge. This has attracted many market makers in China since it has made trading cheaper.

Also, to this end, the QC pair traded on ZB is equivalent to Chinese Yuan and this has never been counted by Coinmarketcap. This consists of 1/3 of ZB trading volume so ZB should technically rank higher.

Are you implementing improvements or innovations to attract new traders to ZBX? What are they?

ZBX will offer a different experience from ZB. Users will be able to copy trades from other traders, a system that has been implemented and proven in the financial world for some time. An ICO platform will be built and integrated with the exchange.

The user experience will be gamified and simplified so that it eliminates barriers to new users. Experienced and institutional traders will also benefit from institutional grade APIs to our deep liquidity pool and possibility to transact large orders off the book, aka OTC deals.

Do you, like Binance and others who are opening offices in Malta, also open up to DEX?

ZBX is concentrating its efforts to go live in the coming days and there has been a lot of talk in the community regarding centralised vs decentralised exchanges. Decentralised exchanges have been hacked so the hype doesn’t quite live up to expectations.

Also, centralised exchanges are much quicker which is essential to achieve critical mass and profitability. Having said that ZBX is in the process of putting some elements on the blockchain such as the order book. This will help add transparency and increase user confidence,

There are many exchanges that are planning to set up in Malta. What is the unique selling proposition of ZBX vs all these other exchanges?

ZBX will be the first exchange that addresses the critical points of crypto exchanges:

  • The most important being their safety of assets. ZBX will be run out of Malta under strict regulation. We also run in Zillionbits technology which powers ZB and they have never been hacked since 2013.
  • Liquidity is also key and ZBX will pool liquidity with the ZB family namely ZB, ZBX and EXX. This will provide the most competitive pricing in the industry.
  • Security Token Offering: ZBX will apply for a licence to list STO in 2019 and we will be able to list STOs.

Fiat currencies: Ability to deposit and withdraw in traditional fiat currencies and offer pairs against Fiat.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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