Bybit Lists Privacy Token ZAMA for Spot Trading, Adds USDT/USDC Pairs
Bybit has announced the spot listing of privacy-focused token ZAMA, opening trading pairs against USDT and USDC. The exchange confirmed the listing on November 15, 2024, with trading to begin within days. Bybit will apply its tiered fee structure and standard security measures—multi-signature wallets, cold storage, and its high-throughput matching engine. ZAMA is a privacy coin using zero-knowledge proof research from academic teams, with a circulating supply of 85 million and a max supply of 210 million. Recent on-chain and DEX metrics show ~47% quarterly volume growth and a 30-day average daily volume near $18.5M. Industry data suggests new exchange listings often produce short-term volume spikes (300–500%) and price bumps (historically 15–25% in 48 hours), though outcomes vary with market conditions. Bybit’s listing committee cited technical audits, liquidity and regulatory review in its selection process. Initially spot-only, derivatives or margin products may follow if demand and regulatory clarity allow. For traders: expect increased liquidity and accessibility for ZAMA, potential short-term volatility around listing, and longer-term implications tied to privacy-coin regulatory developments.
Bullish
Exchange listings typically increase asset accessibility and liquidity, which tends to be bullish in the short term. Historical patterns show new listings often produce immediate volume spikes (300–500%) and price gains (commonly 15–25% within 48 hours) as new buyer demand and exchange orderbook depth appear. Bybit is a major venue with 20M+ users and robust infrastructure; its endorsement via due diligence and security integration reduces some exchange-related risk, making ZAMA more investible for retail and institutional traders. Short-term effects: higher volatility and likely price appreciation around listing and initial trading days. Medium-term effects: sustained volume depends on on-chain activity, developer progress, and community growth; the article notes rising DEX volume (+47% QoQ) and modest market cap (~$420M) that could support continued interest. Long-term effects: regulatory scrutiny of privacy coins is the main risk—jurisdictional restrictions could limit derivative offerings or delistings in certain markets, tempering upside. If ZAMA adopts selective transparency features or demonstrates strong compliance and liquidity, it could secure broader exchange and institutional support, supporting a constructive long-term outlook. Overall, listing on Bybit favors bullish short-to-medium term price action but remains conditional on regulatory developments and project fundamentals.