On September 28th, Zebpay official twitter account posted a tweet including the information about the company being shut down. The company told the users that the Exchange operations will be canceled after 4 P.M. on the same day. However, The Zebpay wallet will still function after the exchange stops as well.
Zebpay has been one of the biggest Crypto Exchange services in India. But, Due to some regulations of RBI, Zebpay will have to stop the operations for Cryptocurrency Exchanges in the country. So, Zebpay announced the cancellation of all operations after 4 P.M. on September 28th. The payments will be canceled automatically after the time.
The Company added, “As a result, we are stopping our exchange activities. At 4 p.m. today (28 September 2018), we will cancel all unexecuted crypto-to-crypto orders and credit your coins/tokens back to your Zebpay wallet. No new orders will be accepted until further notice.”
We are stopping our exchange. At 4 PM today, we will cancel unexecuted orders & credit your coins to your Zebpay wallet. No new orders will be accepted. The Zebpay wallet will work even after the exchange stops.
— zebpay (@zebpay) September 28, 2018
Zebpay has published an official post on the blog & have cleared that the Zebpay wallet will be functional after the exchange stops as well. The Company Said, “You are free to deposit and withdraw coins/tokens into your wallet.”
So, this was a major step taken by one of the biggest Crypto Exchange Service in India. Have you experienced this Service in the Past? Share your experience with Zebpay in the comments.
That’s it for now. We hope you have successfully recovered your payment from Zebpay till now. If you have any queries/suggestions, let us know through the comments. Share this little info about Zebpay with your friends. Follow us on all social media platforms to get the latest tech updates.
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