Crypto Exchange Zebpay to Delist VeChain

 In Altcoins, Exchanges

VeChain will no longer be available for trading on Indian cryptocurrency exchange Zebpay.

India’s digital currency exchange Zebpay has decided to remove VeChain (VET) as a trading option by the end of August, but did not cite any reasons behind the move.

The coin, currently ranking 21st by market cap, has been among the trading options on the platform for just under three months and the announcement of its delisting published on Zebpay’s website on Wednesday left crypto users wondering about Zebpay’s move. Reddit member “oncueeverytime” claimed it is “quite unprofessional” of Zebpay to omit its motives in the statement.

Several Twitter users suggested the removal was connected with the fact that Zebpay had not supported the VeChain token swap. VET had the ticker VEN before it rebranded from an ERC20 token to VeChain Thor upon the launch of its own blockchain at the end of June.

The VeChain migration has in the meantime received support from other cryptocurrency exchanges, such as Binance and Gate.io.

In relation to the Zebpay delisting, VeChain traders should observe the following deadlines:

  • Deposits will be terminated on August 9, 10:30 UTC;
  • Trading will cease on August 13, 10:30 UTC;
  • Withdrawals will be disabled on August 20, 10:30 UTC.
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After the exclusion of VeChain, Zebpay will offer its clients trading with 19 crypto coins, including BTC, ETH, LTC, XRP and EOS, in over 35 pairs. Previously, Indian rupees were also available on the platform until Zebpay had to cancel withdrawal and deposit options in July due to a decision of the Indian central bank to curb crypto transactions.

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