Home Crypto exchange Crypto exchange Zebpay to re-open in India

Crypto exchange Zebpay to re-open in India

Singapore-based crypto exchange Zebpay has announced it will be re-opening its services to Indian customers after it shut down in 2018 as a result of regulations.

Zebpay closed down its services in India after Reserve Bank of India (RBI) announced to stop delivering banking facilities to crypto exchanges.

The regulations have not changed but Zebpay still announced to make a comeback into the Indian market.

After leaving the Indian market, the exchange broadened its services to the Australian market.

Zebpay to enter the Indian market with a fresh leadership team

Before closing down its business in India, Zebpay was among the top crypto exchanges in the country.

The exchange declared that it is making a comeback into the Indian market under new leadership and a new team.

Zebpay is also intending to launch crypto-crypto trading, commencing with BTC-ETH and stablecoins.

It will also offer no-fee trading on specified pairs.

About Zebpay

Zebpay is an app-enabled cryptocurrency exchange and wallet provider with its headquarter in Singapore and a registered office in Australia.

It is one of the foremost bitcoin and cryptocurrency exchanges.

It is co-founded by Sandeep Goenka, who is a Certified Bitcoin Professional by C4, USA. He is a member of YPO, (Young Presidents’ Organization) Singapore.

Zebpay had 3 million downloads and was classified among the top 10 financial apps in India.

Supreme court to rule ban

The Supreme court of India heard arguments of both sides in January this month about the ban on cryptocurrencies in India.

The Reserve Bank of India elucidated that they did not ban the cryptocurrencies in the country.

RBI defended its decision saying that it took the crucial steps to ensure financial institutions from being subjected to the risk associated with the cryptocurrencies.

The Supreme Court of India will decide whether RBI’s conclusion to quit providing banking services to crypto entities was constitutional or not.


Please enter your comment!
Please enter your name here

Must Read

Staking: these are the 5 preferred cryptos for passive profits

Staking has been called in various ways, some accurate, others not so much. This has also happened with PoS,...

United Kingdom forces to block cryptocurrency advertising

The advertisements of the company Luno will be withdrawn from the United Kingdom after the resolution that obliges them to do so...

Cryptocurrencies find some relief after their crash

Cryptocurrencies find some support for a bounce after one of the toughest weeks for investors. Although last Thursday we...

China Strikes Cryptocurrencies Again, Bitcoin Slumps Again

The highest level of government in China has proposed new measures to regulate mining in the country. The proposal has been received...

Bitcoin on the Playstation? Sony’s patent finally accepted

On May 17, 2021, the publication of a patent by Sony Interactive Entertainment mentioning Bitcoin was greeted with great fanfare by the...