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.
What can you think about Zebpay adding service for 19 cryptocurrencies before their RBI ban? Tell us in the comments section below.
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.
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 .