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India's 1st Crypto Exchange Now Trades TRX to INR
Just days ago we have reported about the availability of TRX trading from the WazirX’s platform and after 24-hours, due to the market demand, ZebPay the first crypto-trading exchange in India, has followed their lead to be the next cryptocurrency exchange to trade TRX with INR, as stated on their Twitter page:
ZebPay's Twitter Announcement
ZebPay invites different levels of cryptocurrency traders from multiple countries across the globe to buy/sell crypto instantly & securely at the most competitive live prices. The listing provided users to have an alternative INR to TRX cryptocurrency exchange platform asides from WazirX.
ZebPay a cryptocurrency exchange and wallet provider headquartered in Singapore with a registered office in Australia and this year, after establishing a presence in Australia and other countries, ZebPay was acquired by Rahul Pagidipati, who is currently serving as CEO, and relaunched in India with a new crypto-crypto trading feature last March 2020.
TRX was previously for trading with ZebPay’s platform last 2018. However, in the same year, they announced that they were shutting down operations following a banking ban by the Reserve Bank of India (RBI) that barred regulated financial services firms and banks to deal with crypto entities. Despite the operations were shuttered down they have continued to provide support with their existing wallet users.
What is Zebpay?
Zeb IT Service Ltd known as ZebPay is one of the pioneers of cryptocurrency exchanges in India and was founded in 2014 by co-founders Sandeep Goenka, Saurabh Agarwal, and Mahin Gupta.
In the same year, they became the biggest cryptocurrency exchange in the country and have continued their growth by launching the ZebPay app in July 2015, and by December 2017 the company has a trading volume of USD 1 Billion.
Due to the Indian government’s regulatory clampdown on cryptocurrencies, ZebPay was forced to shut down operations in 2018. However, this year ZebPay was acquired by Rahul Pagidipati, and the company relaunched in India. They also launched five crypto-crypto trading pairs in February and they started INR trading and added instant deposit and withdrawal features.
This year looks very promising for TRON Foundation’s TRX in the Indian market and they have continued to show their dominance in the cryptocurrency industry and is one of the most preferred tokens to be included in the crypto exchange platforms. With Justin Sun’s leadership and TRON Foundation’s continued progress to make the TRX a high valued token with its technological advantages, it surely will attract more cryptocurrency exchanges in the future. Like what we have mentioned in our previous article, it will continue to attract more collaborations with other exchanges in the future.
Are you using ZebPay to trade TRX? Let us know in the comments below and give us your feedback.
For more news and updates, visit Tron Spark.
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The crypto sector in India is showing significant growth with several crypto exchanges reporting a 10X increase in trading volumes and a substantial increase in new users. Despite the global Its Indian counterpart is based out of Ahmedabad and happens to be one of the largest and oldest crypto exchanges in India. After the crypto trading ban was imposed by RBI in April 2018, ZebPay In India, as the Bitcoin fever is catching up with over 2,500 users trading Bitcoin daily and the trading volume rising close to $20 Bn a year, cryptocurrency exchanges are mushrooming with each Crypto exchanges are facing the music. Regulatory hostility has dealt a body blow to India’s leading cryptocurrency exchanges. Zebpay, India’s largest cryptocurrency exchange, announced in late September that it is shutting down as the RBI directive effectively crippled its operations. Zebpay was hit hard as banks decided to cut themselves Best Cryptocurrency Exchange In India . WazirX (Acquired by Binance) WazirX is a newly launched cryptocurrency exchange, started trading from 8th March, aims to become the most trusted cryptocurrency exchange operating in India. It plans to launch a fully functional crypto exchange that will support different cryptocurrency pairs, WazirX has also introduced its own token, the WRX Coin, you can
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