India-based cryptocurrency exchange Zebpay shared its plans to expand business in Europe in the near future.
According to the news reports, the Indian trading platform inaugurates five offices in Europe, which will enable it to cover about 43 countries worldwide. The exchange appeared in 2015 and managed to become the major crypto exchange in India, but had to shut down business in India facing the crypto ban. As a result, its operations were relocated to Malta. The exchange has about 3 million active users now.
As the company spokesperson stated, the new offices will be launched in Romania, Spain, Slovakia, Lithuania and Liechtenstein. He also added that Zebpay services are now available to South America and Asia as well.
Besides, the exchange is reportedly holding the European trading competition. In particular, it was reported that the company will choose 50 traders to take part in the challenge from the countries where its services are available. These traders are said to receive EUR 1,000 for 30-day trading. The company will provide a public leaderboard so everyone can check the leaders at any particular time. Once the 30-day period is over, the top-10 traders will be allowed to leave the funds at their accounts, while others who were not so lucky but managed to avoid losses will be awarded EUR 100.