James Iles

China Opens New Crypto Exchange on Two-Letter Domain ZB.com

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By James Iles, Nov 1, 2017
  1. James Iles

    James Iles NamePros Writer PRO Business Account VIP Trusted Blogger

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    China's love of short domain names and cryptocurrency have intersected here as a new Chinese digital currency exchange has just launched on a two-letter .COM domain, ZB.com. Following China's ban on citizens trading in cryptocurrency, this site is attempting to skirt around those restrictions by offering this worldwide service.

    Whilst the company itself, run by Chinese exchange CHBTC.com, is incorporated in Samoa, the site is clearly geared towards the Chinese market. Whilst exchanges cannot be made using China's own currency, ZB.com transactions can take place in in Bitcoin or USDT, a token created by Tether that has an equivalent value to the US Dollar.

    crypto.jpg
    Since this is a domaining blog, the domain name used by this company is of great interest. The ZB.com domain name looks to have been acquired by the current owners from domain brokerage company 62.com. According to DomainIQ, the transaction may have taken place very recently since the name went into WHOIS privacy at GoDaddy in October.

    In China, the letters "ZB" can mean zhí bō, which translated into English means "live broadcast" or "Internet broadcast".

    The domain was previously owned by former toy store Zany Brainy before it was sold to an investor. According to a Facebook post, the domain was once owned by British domainer Andy Booth before being acquired by a Chinese domainer in 2013.

    The sale of ZB.com to create this cryptocurrency exchange is likely to be worth six or seven figures. The last end-user sale of a two-letter .COM domain we have knowledge of is the $3.77 million sale of HG.com. Could this be of a similar magnitude? We have sent a message to our contact at 62.com to see whether details of the sale can be revealed.
     
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  4. James Iles

    About The Author — James Iles

    Writer for NamePros.com, domain name investor and broker. For all inquiries relating to stories and interviews, please email: [email protected]

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  5. Comments (8)

  6. SamDam

    SamDam Established Member

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  7. jideofor

    jideofor Active Member VIP

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    awesome news for the digital current niche
     
  8. EssentialDomains.NET

    EssentialDomains.NET EssentialDomains.NET Business Account

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    we own: eCustodian.com / eTrustree.com / both would be smart investments to use for custodial and trustee services for crypto assets - just like such services are used for corporate securities, and real estate assets
     
  9. Weber

    Weber Established Member ★★★★★★★★★★

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    So, a company actually opened a new crypto exchange, not China?
     
  10. James Iles

    James Iles NamePros Writer PRO Business Account VIP Trusted Blogger

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    I thought someone would pick up on this ;) - I reviewed the article again about 1/2 hour after publishing and noticed that the title should be reworded slightly... However, by then it was syndicated to Domaining.com, NameBee, some twitter accounts etc.
     
  11. elevator

    elevator Active Member VIP

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    How would this site be useful to any China resident when BTC is banned in China? Would it be that any Chinese with credit card could collect their proceeds via ATM? Or how?
     
  12. Kassey Lee

    Kassey Lee 域名世界 Business Account VIP

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    This may become a trend, where a domain name is the brand. If you visit the website, you can see ZB.com is the brand. There is no Chinese or English brand name other than this one. I did some Baidu search but could not figure out what they want ZB to stand for. B is likely (bi, suggesting "currency") or even bi (bi, suggesting "bitcoin"). There are too many possibilities for Z. Unfortunately, the website owner has not shed any light on the meaning of ZB.
     
  13. Robert G

    Robert G Established Member

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    the "B" is definitely for bitcoin. its in the logo
     
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