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Indian exchange Zebpay adds EOS to its trading platform

Ketaki Dixit



Indian exchange Zebpay adds EOS to its trading platform
Source: Pixabay

Zebpay, an Indian cryptocurrency exchange platform has added another cryptocurrency to its platform, EOS, an ERC20 based token for the users. Zebpay is India’s leading Bitcoin and Cryptocurrency exchange with over 3 million users. On Zebpay, the user can send, receive, and trade EOS. However, the trading starts on 17th April 2018 from 1:00 pm IST onwards. The intraday trading fee is 0.1% for all cryptocurrencies.

The Indian exchange already has other cryptocurrencies such as Litecoin, Ripple, Ethereum, Bitcoin and Bitcoin Cash. In January 2018, Zebpay updated its app for both iOS and Android and also announced the inclusion of Bitcoin Cash.

According to the official website, ‘ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. ERC stands for Ethereum Request for Comments, and 20 is the number that was assigned to this request.’ For a transaction to be successful, ERC20 needs a total of 100 block confirmations.

Although there was a huge dip in the prices of EOS from the last week of February 2018 to the end of March 2018, it is currently trading at $4.34, with a market cap of $3.19 billion. The prices gradually increased in April. On the April 12th, 2018, the price was $6.61 with the market capital at $8.4 billion.

Rajat Sharma, a Twitter user says:

“Great to know that EOS is added. It might take time, but this is the next step towards change. Hope more and more people use it now that the Zebpay app has almost all the major cryptocurrencies.”

Jitendra Malik, another Twitter user said:

“The low trading fee is a good deal but if you think about it, why is it so low compared to the other platforms? It could be to promote their product. But what if it is to make people buy more and then increase the EOS price. The price of EOS may even go up by tomorrow. “

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Ketaki Dixit is a Journalism major from Jain University. She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.