Zebec Network’s Token Surges After Kraken Listing

Zebec Network (ZBCN) surged in midday trade on Wednesday after the token started trading on the Kraken cryptocurrency exchange. 

ZBCN’s price gained more than 15% in the last 24 hours, according to CoinGecko data. The token was the leading ticker among cryptocurrencies on Stocktwits at the time of writing. Retail sentiment on the platform around the altcoin jumped to ‘extremely bullish’ from ‘bullish’ territory while chatter remained at ‘high’ levels over the past day.

The Kraken listing strengthens Zebec’s presence among major cryptocurrency exchanges, adding to a roster that already includes OKX, Bitget, KuCoin, Crypto.com, MEXC, Gate.io, and BingX. Despite this progress, the token has yet to debut on Binance and Bybit, the two largest exchanges by trading volume, suggesting further potential upside if those listings occur.

Zebec Network is a decentralized financial infrastructure platform built primarily on the Solana (SOL) blockchain. Solana’s price fell 3.1% in the last 24 hours amid broader weakness in the cryptocurrency market. However, retail sentiment around the altcoin on Stocktwits remained in ‘bullish’ territory amid ‘high’ levels of chatter.

Zebec brands itself as a token that aims to facilitate real-world value flows by offering seamless, real-time programmable payments with applications in payroll, cross-border remittances, payment cards, and treasury management.

The concept of continuous payment streaming implemented by Zebec is built on the idea of microtransactions occurring every second, rather than through scheduled lump-sum transactions. 

The protocol includes multiple products under its umbrella. Zebec Payroll is one of its earliest applications and allows users to configure salary payments that stream in real time. Zebec Safe is a multi-signature treasury management platform, offering decentralized and secure handling of group assets. Zebec Card is a debit card product connected to streaming wallets, enabling spending in fiat directly from streamed balances. The Instant Card uses Visa (V) infrastructure and is linked to Coinbase (COIN) for direct fiat on- and off-ramping.

ZBCN’s price has gained more than 290% over the past year.

Read also: Ethereum, Solana Outpace Bitcoin Gains As Crypto Market Gains After Fed Signals More Scope For Rate Cuts

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Share

·

Add us on