Yes, you heard it right Zebpay, formerly one of the largest cryptocurrency exchanges in India announces that it will be relaunching soon. Zebpay shut down its exchange operations in September 2018 due to lack of cryptocurrency rules and regulations in India.
Now under a new leadership team company is back to its home country. “A new ZebPay 2.0 in 2020,” the company wrote, adding:
“A new leadership team, crypto-crypto trading, no-fee trading on select pairs, an upgraded focus on security and innovation, and a passive income and borrowing program on the horizon.”
The new CEO of Zebpay is Rahul Pagidipati, “a veteran entrepreneur with over 20 years’ experience building long-lasting billion-dollar companies.”
Zebpay is also planning to launch crypto-crypto trading starting with BTC-ETH and Stablecoins. Also, it is developing a program so that you can earn passive income on your crypto holdings and borrow crypto.
However, a small wallet maintenance fee will also be charged “from March 1st, 2020, we will charge a monthly fee of 0.0001 BTC per member, equal (on average) to roughly USD 0.80 / SGD 1.1 / INR 60.”
Not only Zebpay shuts its exchange operations due to RBI banking restrictions, Koinex and Coindelta are also in the list. But other exchanges like WazirX, Bitbns etc are still operational by launching peer-to-peer (P2P) trading platforms.
Further, this week, Prime Minister Narendra Modi, awarded a young entrepreneur Harshita Arora, for her cryptocurrency tracking app development.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.