Zebpay, a top cryptocurrency exchange in India has made its latest announcement revealing that it will be introducing crypto-to-crypto trading on its diverse platform. The unveiling comes shortly after the Reserve Bank of India proceeded to place a ban on banks barring them from servicing crypto exchanges. In the meantime, Zebpay is pleased to be celebrating its 3 millionth app download.
The move by Zebpay to unveil its first crypto-to-crypto trading pair has been commended by several market observers. According to them, the Indian cryptocurrency exchange is moving steadily and if matters move consistently much more should be expected in the near future.
It was way back in 2015 that it was established and its headquarters were established in Mumbai. In one of its latest statements, Zebpay made claims that it was at the moment the biggest cryptocurrency exchange in India. A short while after, it revealed that its app already had almost three million downloads, a figure that was also commended by the market observers. It goes without saying that it turned out to be one of the most downloaded cryptocurrency app on both Android and iOS.
Its engineers have been working to launch crypto-to-crypto trading for a while. Business dynamics around the globe are shifting quite fast in the recent times and analysts have termed it a great thing that it has now become easier to exchange one cryptocurrency for another.
Reports indicate that the first pair to be introduced will be ETH/BTC and it is expected that more crypto pairs might be coming in a few years. The new update will reveal more about the crypto-to-crypto trading feature. To be more specific, the ones involved were the android version iOS version 2.0.24 and version 2.0.14.
The exchange also came out to clearly outline that the crypto-to-crypto transactions were going to be charged in bitcoin (BTC). It was through a tweet that Zebpay revealed that the feature would be made available to a limited set of users.