ZIndia’s Zebpay Cryptocurrency Exchange Launches in Europe, Opening Up in 21 Countries
The Zebpay digital currency exchange has launched in twenty-one European countries. The platform was previously one of the most prominent crypto exchanges in India.
Earlier this week, Zebpay announced that it had established new exchanges in Europe. Crypto investors in 21 countries across Europe will access services such as a digital wallet and exchange of virtual currencies. Some of the countries where Zebpay has launched include Malta, Portugal, Italy, Germany, Latvia, and the Czech Republic.
It is mandatory for prospective clients to undergo KYC procedures before registering with the Zebpay crypto exchange. The other requirement is the verification of bank account details. After the two are completed, users can deposit the amount they wish to invest (in Euros) into their Zebpay wallets.
Currently, Bitcoin is the only cryptocurrency that can be traded against the Euro on Zebpay. The platform intends to add support for other digital currencies soon. However, there are several supported crypto-exclusive trading pairs. These include BTC/ETH, LTC/BTC, BTC/BCH, TRX/BTC, and many others.
The first crop of Zebpay customers in Europe will enjoy free deposits and costless maker fees as well. Even better, Zebpay is offering a 0.25% reward for every complete transaction.
Zebpay vacated the Indian market after the imposition of a ban against cryptocurrencies by the Reserve Bank of India. The company had an alleged client base of 3 million people in India. Zebpay is a subsidiary of the Maltese syndicate called Awlencan Innovations Malta Limited.
Besides the Zebpay exchange, another crypto venture run by Awlencan Innovations is the Singapore-based Zeb Ventures Pte. Ltd. the role of this company is to enable the simple and secure trading of digital assets through a mobile app called the Zebpay App. The app will soon launch for both Android and iOS devices.
Zebpay Suspends New Registrations By Indians
In addition, Zebpay announced that they will no longer accept new users from India. Existing users, however, will still have access to Zebpay services.
Crypto investors in India are hopeful that the Supreme Court will uplift the ban imposed by the central bank on digital currencies during January 2019’s petition hearing. Likewise, they are awaiting the findings by the task force on cryptocurrencies which was heads by the Indian minister of economic affairs, Subhash Chandra Garg.