Zebpay, used to be one of the largest cryptocurrency exchanges in India, has announced this week that it will renew its operating in the country. New authority of the exchange is going to offer new services, as investment resource BitcoinDoubler2x has found out.
“Zebpay is coming back. A new team of managers, cryptocurrencies trading, trading without fee on selected pairs, increased focus on safety and innovations, and a program of passive income & borrowing are coming soon. Together with new Chief Financial Officer, Director of Marketing and Chief Strategy Officer we have a new vision, that will let us to become one of the safest and most innovative blockchain companies in the world”, — Zebpay claimed.
The exchange has noted that it is working on the number of new services, which will be launched in India, also the company is going to run cryptocurrencies trading in the nearest months. Users will be able to trade such pairs as BTC/ETH and stablecoins with immediate purchase & sale. Besides, for a limited period the platform will not take fees for operations with one trading pair every month, beginning with BTC/ETH.
What is more, Zebpay announced that it had created “one of the most advanced and secure wallets in the world for protecting crypto assets”. Although, previously commissions were used to cover wallet security costs, since 2018 the company has been paying these costs itself. As a result, the exchange has taken a decision that since March 1st every user will pay fixed monthly fee in amount of 0,0001 BTC.
“If Bitcoin`s price grows significantly, we will decrease the fee. This will let us to cover wallet security costs, until we start cryptocurrency trading. As soon as we renew trading, you will not be charged, if you carry out at least one transaction per month”, — Zebpay said.
Let us remind, that in September 2018 Zebpay, being at that moment the largest trading volume in India exchange, announced about suspension of trading. The company claimed that this decision was caused by the order of the Central Bank of the country, prohibiting local financial institutions to provide services to cryptocurrency exchanges. After that, Zebpay began working in Singapore and Malta, as well as in 21 European countries.