Bitbns is offering to help former Zebpay users a way to migrate their funds following the reported closure of the Indian crypto exchange last week.
Here to Help
Last Friday, Zebpay announced that it was shutting its doors, citing the Reserve Bank of India’s (RBI) ban on banks, prohibiting them from conducting business with crypto exchanges.
Becoming a leader in India, it’s reported that the exchange was adding 300,000 new users daily in December. However, despite this, hurdles in place have made it difficult for Zebpay to continue offering its trading services. From now on, Zebpay will only offer a wallet service.
In a bid to fill the void, Bitbns is hoping to provide a solution. Launched in late 2017, Bitbns is a crypto exchange based in India.
Following the news from Zebpay, Bitbns announced that it was here to “help Zebpay users migrate their funds” to the exchange. It added that it “understands the plight of hundreds of thousands of cryptocurrency holders and traders in this unfortunate hour.”