Zebpay is India’s leading Bitcoin exchange is about to add 200,000 users a month and is eying half a million by the end of 2017. It is one of India’s major Bitcoin exchanges alongside Unocoin and Coinsecure.
Zebpay ventures CEO Saurabh Agrawal commented in the Forbes Interview:
“It is crazy now. But when we started Zebpay we had no idea the price would shoot up. We were here to build a business model and not play the valuation game.”
Further, he added
“We made a key decision that mobile phones are huge in India and internet penetration is big through phones. So, we decided on an app-only presence in India.”
On the month of September, Zebpay has crossed 1 million downloads of its mobile app for Bitcoin trading, just three months after the 500k reached in May, two year after its launch.
It just utilizes only four months to gain momentum for the platform to double and notch up a million downloads of its app, emphasizing the huge growth in adoption and awareness of Bitcoin in India.
Founders of Zebpay are still expecting current momentum in a more distinct way to stick with the current Bitcoin-only exchange planning support for cryptocurrencies including Ripple’s XRP, Ethereum’s ether, and Litecoin.
Around 2500 new users are participating every day in May 2017. But that number has now doubled.
Sandeep Goenka, co-founder adds:
“We are adding 200,000 users a month. After two months, we will be adding 500,000 users a month.”
Zebpay provides its trading service through its app and it does not have an exchange website.