Zebpay which is an Indian cryptocurrency exchange is now providing free cryptocurrency trading on its platform. Proclaiming its modern move, Zebpay mentioned to it as contentment of its assignment to has let its customers free from charges. The exchange is known on all its clients to make the most of the occasion.
Zebpay exchange has been one of the numerous Indian exchanges pretentious by the present state of controlling vagueness in the country. The Reserve Bank of India has been on the aggressive, trying to cut off cryptocurrency businesses from admission to basic monetary services. Though, this has done little to deter Zebpay from contributing its services.
As per the company’s announcement, the exchange mentioned that:
“The ethos of the Crypto space is all about empowering individuals through decentralization. In this scenario, we strongly felt that it wasn’t fair to tax the actions of these empowered individuals. That’s why we got rid of the trading fee entirely. No maker-fees. No taker-fees.” In its statement, Zebpay further assured to launch a new brand identity, Zebpay v3.
The exchange further added that the directives charged by exchanges have on their operators. Many cryptocurrency exchanges charge a fee of 0.25 percent for each trade. Though this might seem insignificant, it has an enormous effect on specialized traders who perform numerous trades in a day. For newbie traders, such charges close with a disheartening them from interchange frequently.
The exchange does not need its customers to have the least balance in their banks either. Traders are also allowable to make as numerous trades as per their wish on a daily basis. Now, the zebpay ropes six cryptos that are EOS, Bitcoin Core (BTC), Litecoin, Ether, XRP and Bitcoin Cash (BCHABC).
The Zebpay moved its processes to Malta in October 2018. This was after the controlling setting in India became too antagonistic for the exchange. The move also gave the exchange an admission into the profitable European cryptocurrency market.
Zebpay had been involuntary to halt its interchange activities in India Before its decision to relocate to Malta at the same time the Indian cryptocurrency market has sustained to enlarge, the administration hasn’t been as open. Once the major cryptocurrency exchange in India, Zebpay closes its operations in the country in September 2018 quoting very problematic working conditions.