A crypto exchange says it has reached “dizzying heights” in the five years it has been in operation — attracting more than 3 million users and processing 2.9 billion Australian dollars ($2 billion) in fiat transactions.
Zebpay, an Australia-based crypto exchange, is offering a stress-free experience and a clutter-free interface. On top of this, the business claims it has been incident-free since 2014 — an antidote to countless platforms that have fallen victim to devastating hacks, which have been shaking consumer confidence and putting funds at risk.
The company offers support for six coins at present: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP and EOS. Transparency is said to be at the heart of Zebpay’s operation, as all of the prices displayed on its platform include the trading fees. This approach is complemented by highly competitive exchange rates, meaning crypto enthusiasts can potentially save up to 1% when compared with rivals.
The rise of self-managed super funds
Zebpay says it has recently started to capitalize on an exciting opportunity to reach new consumers in Australia. Over the past couple of years, an “extremely attractive market” known as self-managed super funds (SMSFs) has emerged. As of March 2019, over 1.1 million consumers in Australia are using these strategies to plan for their retirement — the equivalent of 1 in 20 adults. SMSFs enable individuals to make their own decisions rather than invest in professionally managed funds in which they have little control over their final investments.
The company is now giving Australian consumers the chance to register their own SMSF account on its platform, giving them access to diverse asset classes such as Bitcoin. Zebpay says its proposition injects choice into the country’s market, as there were few players in the cryptocurrency industry beforehand.
As well as offering “instant trading on robust web and mobile platforms,” Zebpay says its SMSF service delivers world-class security, competitive fees, and support for bank transfers and instant deposits.
According to Zebpay CEO Ajeet Khurana, more than 80% of SMSF members are over the age of 45 — and there is growing interest among older Australians for viable alternative asset classes. He added that crypto can deliver “healthy diversification” that pivots away from traditional financial instruments.
As reported by Cointelegraph, Australia has made a series of crypto-friendly decisions in recent months. In July, a draft bill submitted by the government suggested that digital currencies would be excluded from a ban on cash payments exceeding 10,000 AUD ($6,800).
Khurana added: “Australia is one of the few leading economies in the world that has welcome crypto as an asset class with clear regulatory guidelines. The future of crypto is bright and we hope to see more countries take the healthy approach that Australia has taken.”
Lightning Network integration and other milestones
Zebpay says it embodies the ethos of enabling everyone to be in control of their own financial destiny. The rest of 2019 has proved equally illustrious — and the cryptocurrency exchange has been celebrating multiple milestones since.
In March, the company announced it was launching Lightning Network integration, enabling Bitcoin payments to be made from the Zebpay wallet “in a flash.” At the time, executives said its platform had been built by a group of believers “who have committed their careers to set crypto free.”
When Zebpay launched in Australia in May, the crypto company said it had received a warm welcome thanks to “enthusiasm in the community, support of government and regulators [...] and the forward-thinking approach.”
An array of six trading pairs linking Australian dollars with crypto are now offered, and further developments are undoubtedly in the pipeline.
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