Zebpay exchange will again begin work in India

Zebpay, previously one of the largest cryptocurrency exchanges in India, announced this week that it will relaunch itsactivity in the country. The new management of the exchange plans to offer new services.

“Zebpay is back. A new leadership team, cryptocurrency trading, no-commission trading on selected pairs, increased attention to security and innovation, as well as a passive earning and borrowing program are already close. With the new CFO, Director of Marketing and Director of Strategic Affairs, we have a vision that will allow us to become one of the most reliable and innovative blockchain companies in the world, ”said Zebpay.

The exchange noted that it is working on a number of newservices to be launched in India, and plans to launch cryptocurrency trading in the coming months. Users will be able to trade in pairs such as BTC / ETH and stablecoins with instant buying and selling. In addition, for a limited period of time, the platform will not charge commissions for operations in one trading pair every month, starting with the BTC / ETH pair.

Zebpay also said it created “one of the mostthe world's foremost and safest wallets to protect crypto assets. ” Although previously commissions were used to cover the costs of maintaining the wallet's security, the company has been paying these costs on its own since 2018. Therefore, it was decided that starting March 1, each user will be charged a fixed monthly fee of 0.0001 BTC.

“If the price of bitcoin rises significantly, welower the commission. This will allow us to cover the costs of wallet security until we start trading cryptocurrencies. As soon as we resume trading, you will not be charged if you carry out at least one transaction per month, ”said Zebpay.

In September 2018, at that time the largesttrading volume in India, Zebpay announced the suspension of trading. Then the company said that the decision was caused by an order from the country's Central Bank prohibiting local financial institutions from providing services to cryptocurrency exchanges. After that, Zebpay began work in Singapore and Malta, as well as in 21 European countries.

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