A cryptocurrency exchange from India called Zebpay has decided to take its European expansion forward by announcing that it is opening up branches in 5 countries of Europe. With this addition in in service roster, Zebpay will become available for a substantial number of 43 European countries.
While Zebpay was originally established in India in 2015, it had to shift bases following the country’s harsh stance towards crypto. After India’s apex bank Reserve Bank of India issued a decree forbidding banks and financial institutions to deal in crypto, Zebpay set up shop in Malta.
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We all know that Malta is known as the “blockchain island” and is known to have quite conducive regulations for cryptocurrencies as well. Considering that fact, it seems logical that Zebpay relocated their activities to Malta.
Describing the history of Zebpay, its official website says:
“We have been involved in bitcoins since its early days in 2011 and started India’s first bitcoin exchange in 2015. In 2018, we launched Zebpay 2.0, where in, users are able to trade in multi coins.”
In December of last year, the Zebpay crypto exchange made a successful foray into European countries. While it has already been serving a significant number of countries in Europe, the new expansion will add five new countries to the roster. These five countries are, namely, Liechtenstein, Slovakia, Romania, Lithuania and Spain.
At the same time, the exchange is also attempting a breakthrough into the large market that exists in the United States. Through such expansions, the platform is aiming to create a lasting bond with crypto enthusiasts and traders, existing or prospective, all around the world. Zebpay’s basic goal, according to its website, is:
“We realize that for a new user, there is a learning curve to buy, sell and store cryptocurrencies. We are working hard to make this revolutionary technology simple so that Indians can be proud owners and users of cryptocurrencies.”
Clearly, it is guided by this precept in attempting all these expansion plans.
Ajeet Khurana, the CEO of Zebpay, commented:
“As we continue to expand into new territories, we want to build strong relationships with crypto communities, enthusiasts and traders in existing ecosystems. Our platform is battle tested with millions of users (many of whom are new to the space) with incident free handling of billions worth of assets. We can’t wait to see how the new countries that we’ve expanded to interact with our platform.”
To retain its existing customers and attract new registrations, the exchange is planning a trading competition. In this contest, 50 lucky users will be randomly picked and given a 1000 euros each.
After a month elapses, they will be able to use this balance to trade on the platform. During the contest, they will be able to take advice and suggestions from experts on Zebpay. At the end, the traders who make it to the top 10 will win and get to keep the 1000 euros.