Zebpay, India's largest cryptocurrency exchange shuts down ...

Zebpay Sets up Operations Overseas After Suspending Exchange Activities in India

Zebpay is reportedly expanding its global presence after suspending cryptocurrency trading operations in India due to the banking ban imposed by the country’s central bank. According to information on its website, an entity has been set up to operate the Zebpay exchange in Malta to serve 20 countries.
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https://news.bitcoin.com/zebpay-overseas-suspending-exchange-activities-india/
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Ripple partners with Hyderabad-based BTCXIndia to launch XRP exchange

A shorter version (reduced by 82.0%) can be found on hyderabad.
This is an extended summary, original article can be found here

Extended Summary:

Ripple partners with Hyderabad-based BTCXIndia to launch XRP exchange.
New Delhi: Ripple Labs Inc., a Google-backed firm and the worlds fourth most-funded blockchain start-up , has partnered with crypto-currency exchange BTCXIndia to start a buying and selling facility for XRP (ripple), the crypto-token used by Ripple.
Before it temporarily suspended trades in April, BTCXIndia enabled trading for bitcoin and ethereum, the worlds largest and third-largest crypto-currency, respectively, by market capitalisation.
The platform, with only the XRP trading facility, went live last week offering XRP at Rs24.
We are pleased that customers in India now have a way of accessing XRP.
The company claims it settles cross border payments (between Ripple technology-enabled banks) within minutes.
Earlier this year, Yes Bank and Axis Bank, two private sectors banks in India, joined this list.
As it brings banks into its fold, Ripple is laying a network of liquidity providers (in the form of XRP exchanges) across the globe, with an idea to allow retail users to trade in and hold XRP.
As a result one of our primary goals this year has been to partner with digital asset exchanges in key countries in order to get XRP listed against their respective fiat crosses, Vias, who sits out of New York, said in an emailed response to Mints queries.
9 billion XRP (total number of token created; will not exceed this number) held a market value of $29.
To put into perspective, 16,346,425 bitcoins mined across the world till date held value equivalent to $35.
8 million ethereum coins were worth $15.
To be sure, only a fraction of these are with Indians and are mostly traded on wallet-cum-exchange platforms Zebpay (Ahmadabad-based Zeb IT Services Pvt.
He said retail users typically use crypto-tokens as assets to store value, and move the value to other tokens based on price trends.

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Zebpay Instant Deposit Zebpay Live Bitcoin Buying Zebpay Live Trading Zebpay Bitcoin Trading Exchange Broker Zebpay India - Step by Step Tutorial to Trade Bitcoin How to Use ZebPay And Trade Bitcoin In India zebpay and other bitcoin exchange in india Banned

Zebpay, the largest cryptocurrency exchange in India, today announced the closure of its activities. The move comes five months after RBI banned banks from providing financial services to crypto ... Indian trading platform Zebpay announced the closure of the digital assets exchange service. The reason was the restrictive policy of the central bank in respect of crypto-currencies. We are stopping our exchange. At 4 pm today, we will cancel the unexecuted orders and credit your coins to your Zebpay wallet. No new orders will be […] The famous Indian Bitcoin and altcoin exchange Zebpay has failed to maintain its position as a leading crypto trading platform in the country after being forced by the RBI to cease activity. The Reserve Bank of India limits the financial institutions to provide services to any kind of ‘customer’ dealing with crypto-based operations. You can send your bitcoins from zebpay bitcoin wallet to WazirX. Its another crypto exchange thats better than Zebpay. Once you create your free account in WazirX. You can complete your KYC by giving in details like how you gave in Zebpay and then... India’s first Bitcoin exchange and wallet, Zebpay has announced that it is shutting down today. In an email blaster to all the users and announcements on all their social media, the exchange has announced that they will be suspending services as they are out of ways and ideas to continue providing exchange services in the country.

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