Singapore-based leading Crypto Exchange Zebpay has released its trading services in Australia, according to the press release shared by AsiaOne on May 8.
Zebpay has extended its trading services for Australia by opening a new office in the fintech hub of Melbourne. By this, Zebpay has added Australia to the growing list of nations where the exchange is active and booming. Thus, increasing its services to 132 nations spread across five continents, and serving over 3 million active users.
Currently, the exchange's users in Australia will be able to trade across five fiat crypto trading pairs along with Bitcoin (BTC), Bitcoin Cash(BCH), Ether (ETH), Ripple (XRP) and Litecoin (LTC). Zebpay allows Australian crypto users to buy as well as sell Crypto's using Zebpay Instant on desktop and Apps (Android/iOS).
The Crypto Exchange is also expanding its Lightning Network Integration, thus providing its Crypto users in Australia to experience the future of crypto payments. Apart from this, a multiple payment integration will be available in the next few days, thus enabling users to do bank transfers and use wallets to bring fiat to their Zebpay wallets.
In order to start its operations in Australia, Zebpay has obtained a license from the Australian Transaction Reports and Analysis Centre, which is Australia's financial intelligence agency with regulatory responsibility for anti-money laundering and counter-terrorism financing. Also, the exchange has become a member of the Australian Digital Commerce Association.
Zebpay has also extended its physical presence to build an office in Melbourne along with the new Australia Director, Sandeep Khurana at the helm. Sandeep Khurana has worked for various fintech start-ups and enterprise incubators in APAC in the past 18 years.
Ajeet Khurana, CEO of Zebpay stated, “Australia is an ideal market for Zebpay’s services with its clear stance on regulation, openness to fintech innovation and thirst for crypto products.”
Zebpay's Australia release has been done at the time when crypto regulation is the essential point for the governments across the world. Thus, it is very much essential for firms to maintain operating licenses. Due to transparency in Australian regulatory, it has made the continent an alluring nation to direct business in the Crypto word.