Zebpay, a big cryptocurrency exchange, made an announcement that it is now available in Australia.
Moving into new markets
The announcement was made on Twitter, reading that anyone can buy or sell cryptocurrency in AUD either on the exchange’s web app or mobile application.
With our mission to #SetCryptoFree, we're thrilled to introduce Zebpay in #Australia! Buy and sell #crypto in AUD, on web or on the go, instantly. Download now at https://t.co/Bh4TK9p5x7 pic.twitter.com/WtzJH2NGGH
— zebpay (@zebpay) May 7, 2019
According to CoinDesk, the group brought the Euro to their platform back in December. Since then, it has been bringing in other spaces when it can. Ajeet Khurana, CEO of Zebpay, made a comment on the partnership:
“At the beginning of 2019, Zebpay was available in 20 international markets. 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.”
The exchange, with its main location in Singapore, will house its office in Melbourne. From the start, investors will be able to buy Bitcoin, buy Ethereum, buy Ripple, buy Bitcoin Cash, and buy Litecoin.
In order to do so, Zebpay had to obtain a license from the Australian Transaction Reports and Analysis Centre. The Centre helps prevent anti-money laundering and counter-terrorism within the continent. Also, the exchange had to become part of the Australian Digital Commerce Association.
A big comeback
This news comes to us shortly after Zebpay had to shut down its Indian exchange thanks to their widespread ban on cryptocurrency banking. Quite unfortunate, considering the Indian market is big and could bring in a ton of revenue for the company. The expansion into Australia is a nice comeback from that, however.
After all, cryptocurrencies are meant to be a global asset for everyone to use. So, bringing forward the ability to buy some into yet another space is in the best interest of the technology.