Indian Exchange Zebpay Boosts Trading Assistance for 19 Cryptos Ahead of RBI Ban

Released at Fri, 29 Jun 2018 22:30:44 +0000
Zebpay is not the only Indian market ramping up crypto-to-crypto trading before RBI’s ban. Unocoin recently introduced Unodax, a multi-crypto trading platform, supplying the trading of 15 cryptocurrencies. The market has also established an asset allocation tool named Crypto Basket. Still another exchange in the country, Koinex, also offers crypto-to-crypto trading.

Images courtesy of Shutterstock, RBI, and Zebpay.

India’s central bank, the Reserve Bank of India (RBI), issued a circular which mandates all financial institutions under its control to quit servicing companies dealing in cryptocurrencies by July 5.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

One of the greatest cryptocurrency exchanges in India,” Zebpay, declared Friday that it has added a number of cryptocurrencies for its crypto-to-crypto trading support. Zebpay claims to have over 3 million users.
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Top Indian cryptocurrency market Zebpay has included new cryptocurrencies into its crypto-to-crypto trading platform. The market today supports 19 cryptocurrencies and over 35 trading currencies, as it prepares for your banking ban by the nation ’s bank to move into effect next week.

Zebpay’s BTC/INR trading graph for the time between June 21 and June 29.

Exchanges

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After the circular, industry participants petitioned the Supreme Court, demanding the RBI ban. The Court originally scheduled the hearing to July 20, fourteen days after the ban has been set to take effect, but reportedly decided to move that date on July 3. In the meantime, crypto exchanges in India are preparing to drop access to banking services.
The market started its crypto-to-crypto trading support in late April with just 1 trading pair – ETH/BTC.

Zebpay’s listing of supported cryptocurrencies along with BTC.

Ramping Up Crypto Trading Ahead of RBI Ban

On Friday, June 29, Zebpay added 10 new crypto-to-crypto markets: NCASH, REP, BAT, ZRX, ZIL, GNT, VEN, KNC, CMT, and AE. The market wrote, “Zebpay announces the launch of 10 new trading currencies that are crypto-to-crypto. You can now exchange 10 fresh tokens, supported by Zebpay, with BTC,” including:
Now, trade 35 + trading currencies on Zebpay trade along with 19 cryptocurrencies.

Zebpay recently advised its customers that fiat withdrawals and deposits are most likely to cease following the ban, and telling them to create any necessary withdrawals ahead. After this announcement, all of cryptocurrencies recorded on the market experienced spikes within their own trading volume as market orders piled .