💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Major Indian Crypto Exchange Zebpay Shuts Down Trading Service

Published 10/01/2018, 02:42 AM
Updated 10/01/2018, 04:00 AM
 Major Indian Crypto Exchange Zebpay Shuts Down Trading Service

After having spent months attempting to persist in the face of the Indian central bank’s cryptocurrency ban, Indian crypto exchange Zebpay has announced that they can no longer continue and will be closing up shop.

Zebpay announced the development via Twitter:

https://twitter.com/zebpay/status/1045568047971352576

The exchange provided customers little more than a few hours’ notice before shutting down its trading service on Friday. All unexecuted ordered were canceled, and coins/tokens were credited back to customers’ wallets. The exchange affirmed that no new orders will now be accepted until further notice.

Zebpay expounded on the matter further via a blog post on Medium, claiming that they had attempted to persevere and look for solutions despite “regulatory and banking problems”, as they did not want India to “miss th...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.