Shares of steel products maker ZK International Group Co., Ltd. (ZKIN) jumped over 35% on Wednesday morning after its subsidiary launched blockchain DeFi protocol.
ZKIN is currently trading at $2.40, up $0.65 or 37.14%, on the Nasdaq.
ZK International's wholly-owned subsidiary, xSigma Corp., is launching a Decentralized Finance protocol which aims to provide a new level of transparency and legitimacy to decentralized financial blockchain-based smart contracts.
ZK International Group, through its subsidiaries, designs, produces, and sells double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in China.
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