Zebpay launches 'Ether' cryptocurrency for trading in India
The Zebpay has become a leading multicoin exchange in India where people have the choice of trading into multiple cryptocurrencies.
In addition to Bitcoin, Bitcoin Cash, Litecoin and Ripple, a crypto-currency trading platform Zebpay has announced that another digital currency namely 'Ether' is now also available for trading on the platform.
This means the users can now buy, sell, send and receive all these cryptocurrencies / crypto-assets on the Zebpay.
Nischint Sanghavi, Head of Exchange, Zebpay, said, “We are pleased to announce that Ether will now be trading on Zebpay. Ether is the second most popular cryptocurrency across the globe, its market and trading value are only second to Bitcoin and it is quite favourable among crypto users."
"Ether’s supply will be expanding and expected to stabilise after few years. What is interesting is that Ethereum is a blockchain technology which not only run ‘smart contracts’ and Ether (as a cryptocurrency) but multiple other cryptocurrencies," Sanghavi added.
Ethereum, powered by Ether, has been in the cryptocurrency market since 2011. It works as an open network (just like Bitcoin). It's value is also determined by demand and supply (buying and selling) on a real time basis and is volatile.
"The existence of so many cryptocurrencies is because of the underlying technology of the Ethereum Blockchain," said Sanghavi.
With this, the Zebpay has become a leading multicoin exchange in India where people have the choice of trading into multiple cryptocurrencies.