Upbit and Bithumb list zkPass (ZKP), a privacy token using zero-knowledge proofs for secure, private data verification in South Korea.
South Korea’s largest exchanges, Upbit and Bithumb, are set to list zkPass (ZKP), a privacy-focused token. This move follows growing interest in privacy protocols within the cryptocurrency space.
With these listings, zkPass aims to provide secure data verification through zero-knowledge proofs. Both exchanges are offering ZKP trading pairs with the Korean Won (KRW), making the token more accessible to South Korean investors.
Upbit’s Listing of zkPass and the Market’s Immediate Response
Upbit, the leading exchange in South Korea, will list zkPass (ZKP) with KRW, BTC, and USDT trading pairs.
The listing has already sparked strong market reactions. Following the announcement, ZKP’s price surged by 35%, from $0.1198 to $0.2172 in 24 hours.
This price jump shows a high level of investor interest in the token.
Upbit’s listing confirms growing institutional interest in privacy-focused tokens. As one of the most significant exchanges in Asia, its support provides validation for zkPass.
Investors are now paying more attention to privacy-enhancing technologies, especially as demand for secure and private data solutions rises.
The listing on Upbit is also expected to increase the token’s liquidity and visibility. This will likely help zkPass gain a broader user base. Additionally, it may inspire other exchanges to list the token in the future.
Bithumb’s Strategic Support for zkPass
Bithumb, South Korea’s second-largest exchange, will also list zkPass. The exchange will offer a ZKP/KRW trading pair. This provides a direct trading option with the Korean Won, simplifying access for local investors.
Bithumb’s decision to list zkPass highlights the growing demand for privacy solutions in the cryptocurrency market. The exchange is known for its compliance with local regulations, which adds credibility to the token’s listing.
This move also suggests that privacy tokens, despite regulatory challenges, can gain acceptance in established markets. With Bithumb’s support, zkPass will likely attract more attention from South Korean investors.
The exchange’s large user base makes it an ideal platform for increasing the token’s exposure. It could also lead to increased trading volume and price discovery for zkPass.
Related Reading: South Korea Plans Bank-Level Liability Rules for Crypto Exchanges
zkPass and Zero-Knowledge Proof Technology
zkPass uses zero-knowledge proofs (ZKPs) to enable private and secure data verification without revealing underlying information. This technology allows users to confirm details like age, activity, or financial information while protecting their identity.
For example, zkPass can verify someone’s age without showing their birthdate, ensuring privacy while proving the validity of essential information.
The protocol is already being used by projects to prevent duplicates, secure rewards, manage fair sign-ups, and strengthen logins. It also helps meet verification requirements, making it a valuable tool for many industries.
Recent upgrades have included a production-level zkTLS setup, faster proving capabilities, a full developer kit, and greater capacity for handling private proofs.
Though still in its early stages, zkPass’s clear vision is to create a system where users can prove anything without exposing their personal details.
As it continues to evolve, the project’s privacy-first approach is gaining traction within the blockchain space, positioning it as a significant player in secure data verification.
Source: https://www.livebitcoinnews.com/zkp-privacy-token-to-launch-on-upbit-and-bithumb-in-south-korea/
