Zebpay India Cryptocurrency Exchange Shuts Down Operation

Zebpay one of the biggest cryptocurrency exchanges in India has stopped trading after a major slump in business following strict regulations on cryptocurrency trade in India.

The Zebpay announced "We are stopping our exchange. At 4 PM on 29/09/2018, we will cancel unexecuted orders & credit your coin to Zebpay wallet. No new orders will be accepted. The Zebpay wallet will work even after the exchange stop" Zebpay said in a tweet.

For existing customer, Zebpay stated that they will able to conduct deposit and withdrawal from their cryptocurrency wallet without any problems.

But the founder of Zebpay "Sandeep Goenka " remains optimistic towards the digital currency that began the financial decentralization movement.