Crypto Fever Has Oldest Indian Exchange Seeking to Double Volume
- ZebPay eyes $2 billion in monthly transactions in India
- ZebPay CEO sees huge untapped investor base among Indians
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India’s oldest exchange for trading cryptocurrencies aims to double monthly transactions after an explosion in demand, despite concerns of looming curbs from the nation’s authorities.
ZebPay, a platform with about 4 million customers, expects to churn $2 billion worth of trades per month, said chief executive officer, Rahul Pagidipati. While that’s still less than one fifth of trades handled by top U.S.-based exchange Coinbase Global Inc., there is a vast untapped market in India, he said.