Singaporean crypto exchange Zebpay expands to Australia

Singapore-based cryptocurrency exchange Zebpay has expanded its international presence with the opening of a new office in Melbourne, Australia.

Zebpay said that regulatory clarity in the area of cryptocurrencies in Australia made it an appealing country to conduct crypto business. It has acquired a license with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and is a member of the Australian Digital Commerce Association (ADCA).

The Melbourne office will be headed by Sandeep Khurana, who has been appointed as the new Australia Director. His experience includes starting various fintech start-ups and enterprise incubators in APAC over the last 18 years.

“At the beginning of 2019, Zebpay was available in 20 international markets,” said Ajeet Khurana, CEO of Zebpay. “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.”

“Australia is an ideal market for Zebpay’s services with its clear stance on regulation, openness to fintech innovation and thirst for crypto products,” added Ajeet Khurana.

In a press release, the company said that it has launched its exchange services to Australian crypto traders, who will now have the ability to trade across five fiat to crypto trading pairs including Bitcoin, Ether, Ripple, Bitcoin Cash and Litecoin with no fees on fiat deposits and withdrawals.

Australian traders can now buy and sell cryptocurrencies using Zebpay Instant on desktop and apps (Android / iOS). It is also extending its Lightning Network integration to Australia, the release said.

Zebpay said that it will also soon launch a multiple payment integration which will allow users to make bank transfers and use wallets to bring fiat to their Zebpay accounts.

In October 2018, Zebpay shut its operations in India following a crypto banking ban imposed by the Reserve Bank of India (RBI), which came into effect in July.