Zebpay, a leading cryptocurrency Indian Exchange has launched its very first crypto-to-crypto trading platform. As per the declaration made by the exchange, the launch entirely fulfils the criteria of banned banks services of crypto exchanges which were introduced by the Reserve Bank of India.
Zebpay was established in the year 2015 and is headquartered in Mumbai. Along with this, the company claims to be the largest cryptocurrency exchange of India. The company also claimed to have its millionth app download in the month of March in 2018. The company said that they have a total of more than 3 millions app download. This achievement made their app to be the most downloaded cryptocurrency app both on iOS and Android in India.
Detailing about the launch the company said that their engineers have worked days and nights to make it a successful one. In addition to this the company also cited the following details:
We are extremely excited in announcing the launch of crypto-to-crypto trading on our platform. Now, the people of the country can enjoy the perk of exchanging one cryptocurrency for other. Meanwhile, the first pair of cryptocurrencies we are introducing is ETH/BTC. However, more number of crypto pairs are still to arrive very soon.
The feature of crypto-to-crypto trading is now available on the new update of the app both for Android and iOS. For Android, the update version is 2.0.14 and for iOS, it is 2.0.24. Besides this, the fees for all the crypto-to-crypto transactions would be having a charge in Bitcoin form.
Feature Initially Available To A Limited Set of Users!
Zebpay made an announcement on its Twitter account the last week which says
Initially, we have this feature only to a limited set of people. Furthermore, the number would have an increase.
Additionally, the exchange has also made an announcement that their platform follows the announcement of RBI which bans banks and financial institutions from providing services to crypto exchanges.
Also, last month the exchange collaborated with one of India’s largest tax filing platforms. This would help the taxpayers with cryptocurrency related taxes.