Cryptocurrency exchange Zebpay is opening new offices in five European countries, increasing its presence on the continent to 26 countries.
Launched in 2011 in India, Zebpay grew into one of the country’s largest cryptocurrency exchanges before shuttering its operation in September 2018, due to the crypto ban in the country. Now, the exchange operates out of Singapore, and today’s expansion will make it available for users in Spain, Romania, Slovakia, Liechtenstein and Lithuania.
The exchange is also running a European trading competition which will debut today, February 1, 2019. The tournament will be used by the crypto platform to identify and reward expert traders in Europe. In part, the competition is a cheers to Zebpay’s expansion, but the self-proclaimed “new member of the European crypto community” said it’s also in a bid “to build a relationship with the crypto trading community and show why over 3 million consumers worldwide trust and enjoy using Zebpay.”
Ajeet Khurana, CEO of Zebpay, spoke with Bitcoin Magazine about the expansion. He said, “As we continue to expand into new territories, we want to build strong relationships with crypto communities, enthusiasts and traders in existing ecosystems. Our platform is battle tested with millions of users (many of whom are new to the space) with incident free handling of billions worth of assets. We can’t wait to see how the new countries that we’ve expanded to interact with our platform.”
“As on today we serve most of the EU countries and have also started accepting customers from across the globe including South America and Asia,” he added.
The trading competition will be open to all European countries where Zebpay’s services are available, including the five countries that are now available today.
“The goal of this competition is to encourage healthy competition amongst traders and for new traders to get a taste of the Zebpay platform,” Khurana told Bitcoin Magazine.
The exchange will select 50 participants randomly to compete in a trading challenge. Each participant will get €1,000 to trade with on the platform for 30 days. There will be a public leaderboard, where traders can monitor their progress on the platform and a 24/7 support team will be available to help participants every step of the way.
At the end of the competition, the top 10 traders will keep the balance in their account. Those who don’t make the cut will get a reward of €100 for participating in the tournament.