Is Zebpay Going Global To Provide OTC Services To Multiple Countries?

in #india5 years ago

Zebpay recently announced that they are shutting down their India operations. They were after all the biggest cryptocurrency exchange from India. However, speculation is rife that they might be going global having registered themselves in Singapore and Malta respectively.

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It seems as though they have incorporated themselves as Awlencan Innovations Malta Limited in Malta and Awlencan Innovations Pte. Ltd in Singapore. The Malta company seems to have been registered less than a month ago.

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Registering themselves abroad will allow them to stay outside the scope of Indian financial regulations. It makes it easier to operate and render services to a global audience instead of being limited to just India.

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How will this make any difference?

That’s a good question. Registering in Malta and Singapore respectively will allow them to provide OTC services to several countries. Hopefully Zebpay should confirm this in the near future.

But if you have watched Zebpay CEO’s interview from India Blockchain Congress event held in Hyderabad couple of months ago, they somewhat indicated evolving with the market and seems like they are going to take their business elsewhere now that the Indian market doesn’t seem to be all that great for them.

Considering that they lost out to newer startups that capitalised on the opportunities in the market after the banking restrictions, Zebpay suddenly seems to be a little late to the game now as some of these new startups have managed to gain traction quickly with decent trade volumes and liquidity which is rather nil on Zebpay at the moment.

What about India?

Once they resume operations with OTC features they can do business with Indian customers again. I'll update more to this regard when I have more information to share.

I'm sure many of you are interested to see where Zebpay goes. After all it was an exchange that many of us have used in the past. Stay tuned for more updates!


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We love your work, especially the updates as it’s happening in your environment!

It’s a matter of time for everything happening in India cryptowise to reverse again. Nothing last forever! For Zebpay, it’s not their fault anyway.

This is @maxdevalue.

It’s night here, good night @firepower.

@firepower, In perspective of Zebpay may be they are right because their Business is getting hurt, so converting their business into Global Scale is an effective decision in my opinion if this news is true because if everything is settled down in India regarding Cryptos then that will be beneficial and then i don't have any question and it will not be shocking news as India have most number of Crypto Exchanges.

And in my opinion we are seeing that Bitcoin is getting effective Recognition nowadays so for sure there is an good vibe that something fruitful is hold by near future. And at this moment we should not worry about the Exchanges because once we cross the current hurdles then we will see multiple Exchanges will established with most attractive offers too.

And most important aspect is, people should not hear the speculation which divides reality because, in my opinion we are standing on the new dimensions of time where we are awakened for the new opportunities and we are free action takers. And in my opinion Blockchain Technology and Cryptocurrency Sphere is combination which will going to give Financial Control and Financial Freedom in every individuals hands.

Wishing you an great day and stay blessed. 🙂

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Wow,its so exited.If this will possible ,every thing will be all right too.Besides being banking ban,this exchange wants to bring this revolution in india,heads off to their bravery and great efforts.Thanks for sharing such a good news,best wishes dear.

@firepower, Yes, it's really an unfortunate picture to see people standing with Misinformation and here mainly i want to say that, no one can Ban the Crypto because it's not in the control of any entity and this network is unbreakable. And in India for now only relationship between INR and Crypto is stopped, but really unfortunate to see that media and many people holding so negative thought and using words like banned and illegal.

It's really easy to criticise when everything reflects wrong, but there is an huge difference in Reflects and Reality and that is, Globally Crypto is facing the issues because Crypto is direct threat to FIAT and Fiat is created in thin air. So journey of Crypto will be not easy but this is the journey of true freedom, and people who hold the thinking as we are already living an free life then it's better to wash their illusive mind.

And if we want to get the answer then for sure we have to deep dive into the base because every base holds the reality, like (If someone have pimple they hide that base with layer of cream). Same way we have to dive into the base of fiat and in my opinion the whole Fiat Economy is running on faith and that faith are we. We hold faith towards currencies that's why it holds value, and today people started faith upon Crypto so now Crypto have value, for sure there will be time when we will be converted into the Crypto World.

Wishing you an great day and stay blessed.

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Friends, some of my wealth has stalled in Zebpay. How can he get out? There may be some help.

Zebpay was our favorite exchange for many months and we really hope that things turn out to be better this time.

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