Zebpay

ZebPay is an cryptocurrency exchange and wallet provider headquartered in Singapore with a registered office in Australia.[1][2] It is currently operational in over 163 countries, including India.

Zebpay
Type of site
Cryptocurrency Wallet and Exchange
HeadquartersSingapore,
Singapore
ServicesCryptocurrency Wallet and Exchange
URLzebpay.com

On September 28, 2018, ZebPay announced it was shutting down operations, attributing its shut down to the Indian government's regulatory clampdown on cryptocurrencies.[3] In a press release ZebPay stated that it continues to offer wallet services to existing users.[4] ZebPay then established presence in Australia and other countries, and continues to rapidly expand across continents, attracting both crypto-traders and crypto-focused investors from across the globe.[5] In 2020, ZebPay was acquired by Rahul Pagidipati, who is currently serving as CEO, and relaunched in India with a new crypto-crypto trading feature.[6] According to their announcement, "With a new CFO, CMO, and Chief Strategy Officer, we’ve got a new vision to become one of the most trusted, innovative blockchain service companies in the world."[7]

History

ZebPay was founded in 2014 by co-founders Sandeep Goenka, Saurabh Agarwal and Mahin Gupta. The company launched its wallet service in the same year and soon grew to become the biggest cryptocurrency exchange in the country. In July 2015, ZebPay launched its app for traders, and in December 2017 the company had a trading volume of USD 1 billion. In 2018, the RBI released a notice stating that entities regulated by it shall not deal in virtual currencies, causing many exchanges in the country, including ZebPay, to shut operations in India.[8]

Relaunch in 2020

In 2020, after establishing a presence in Australia and other countries, ZebPay was acquired by Rahul Pagidipati, and the company relaunched in India.[9] The company launched five crypto-crypto trading pairs in February 2020. After the Supreme Court hearing on 4th March, 2020, the company also started INR trading and introduced instant deposit/withdrawal features.

References
  1. Srivastava, Moulishree. "Singapore's Zebpay launches bitcoin wallet app in India". Retrieved 25 December 2015.
  2. "Bitcoin startup Zebpay enters mobile payment business". Economic Times. Retrieved 29 December 2015.
  3. "Zebpay Announcement About Exchange Business – Zebpay Blog". Zebpay Blog. 2018-09-28. Retrieved 2018-10-13.
  4. Zebpay (2018-12-11). "Zebpay Europe Exchange Now Allows Trading with Euro". Zebpay. Retrieved 2018-12-27.
  5. "About Us | ZebPay India". www.zebpay.com. Retrieved 2020-03-30.
  6. "Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban | Exchanges Bitcoin News". Bitcoin News. 2020-01-30. Retrieved 2020-03-30.
  7. "Email template". static.zebpay.com. Retrieved 2020-03-30.
  8. "Zebpay, India's largest cryptocurrency exchange shuts down after RBI's Bitcoin ban". www.businesstoday.in. Retrieved 2020-03-30.
  9. "Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban | Exchanges Bitcoin News". Bitcoin News. 2020-01-30. Retrieved 2020-03-30.
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