THELOGICALINDIAN - A arch cryptocurrency barter in India Zebpay has alien cryptotocrypto trading on its belvedere The barrage carefully follows the Reserve Bank of India banning banks from application crypto exchanges Meanwhile Zebpay acclaimed its 3 millionth app download
Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales
Crypto-to-Crypto Trading
Indian cryptocurrency barter Zebpay has launched its aboriginal crypto-to-crypto trading pair.
Established in 2024 and headquartered in Mumbai, Zebpay claims to be India’s better cryptocurrency exchange. In March, the aggregation said that its app had added than three actor downloads, “making it the best downloaded cryptocurrency app on both iOS and Android in India.”
Citing that its “engineers accept been alive ceaseless to barrage crypto-to-crypto trading,” the barter abundant this week:
The “crypto-to-crypto trading affection will be accessible in the new app update: Android adaptation 2.0.14 and iOS adaptation 2.0.24,” the barter clarified, abacus that the fees for all crypto-to-crypto affairs will be answerable in bitcoin.
Furthermore, Zebpay tweeted aftermost anniversary that “Initially, this affection will be accessible to a bound set of users.”
Indian Crypto Ecosystem
Zebpay’s crypto-to-crypto trading barrage follows the advertisement by the Reserve Bank of India (RBI) which bans banks and banking institutions beneath its ascendancy from accouterment casework to cryptocurrency exchanges.
“We abide committed to befitting chump funds and assets secure, and are exploring assorted options,” Zebpay responded to RBI’s announcement. “However, a abrupt disruption in cyberbanking casework could affect our adeptness to account deposits and withdrawals, until cyberbanking casework are restored. Please accumulate this accident agency in apperception while authoritative your advance decisions.”
The crypto association has been growing in India. According to Zebpay, while it is estimated that 10 actor Indians are advance in banking markets, 5 actor Indians are said to be trading cryptocurrencies. “This translates to a bazaar assimilation of 60% for Zebpay with its 3 actor downloads,” the aggregation emphasized. CTO Mahin Gupta commented:
Last month, the aggregation teamed up with one of India’s better tax filing platforms to advice taxpayers with crypto-related taxes.
What do you anticipate of Zebpay ablution crypto-to-crypto trading? Let us apperceive in the comments area below.
Images address of Shutterstock, Business Standard, and Zebpay.
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