Crypto exchange Zebpay has staked its claim in the Australian cryptocurrency market with the opening of its newest office in Melbourne.
Continuing its international expansion efforts, the Singapore-based exchange has announced the launch of its crypto trading services in Australia, according to an official company press release.
The office will be helmed by its new Australia Director, Sandeep Khurana, whose experience with fintech startups spans a career of more than eighteen years.
Australian traders will be able to buy and sell across five fiat-to-crypto trading pairs on Zebpay’s Andriod, iOS, and desktop apps, including:
The platform boasts a secure, easy to use, and intuitive interface with no fees on fiat deposits and withdrawals.
Zebpay has already acquired a license with AUSTRAC, the country’s anti-money laundering and counter-terrorism financing regulator, and is a registered member of the Australian Digital Commerce Association (ADCA).
Speaking about the decision to enter the Australian crypto market, CEO Ajeet Khurana said:
“Australia is an ideal market for Zebpay’s services with its clear stance on regulation, openness to fintech innovation and thirst for crypto products.”
In a video posted earlier today on YouTube, Khurana spoke again about his excitement over the expansion and predicted that, over the next decade, Australia would become “one of the greatest adopters [and] most open-minded innovators” in the crypto and blockchain space.
Eat, drink, and talk crypto
To kick off Zebpay’s Australia launch, the exchange is hosting a meetup to get to know traders and businesses in the Melbourne area.
When: Wednesday, May 8 from 6:00 pm to 8:00 pm
Where: Stone and Chalk, 710 Collins Street, Docklands
The following day, Zebpay representatives will be on hand at the Crypto Sydney meetup, Australia’s largest monthly blockchain event.
When: Thursday, May 9 from 6:00 pm to 9:00 pm
Where: Join the group for location information.
A great comeback story
Zebpay suffered a major blow in 2018 when the Reserve Bank of India (RBI) banned banks from offering services to cryptocurrency-related businesses.
In a country where it had once captured more than 60% of the market share, Zebpay was forced to shut down operations.
Since then, however, the company has been hard at work, expanding its crypto trading services into more crypto-friendly countries.
“At the beginning of 2019, Zebpay was available in 20 international markets,” recounts Khurana. “Today, we add Australia to our crypto-family and can gratefully say we have a presence in over 132 international crypto-economies, which speaks volumes to our community’s ambition.”