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Altcoins enter India: Trade in Litecoins on Zebpay; Ethereum coming soon

Next month, Zebpay is planning to introduce trading in Ethereum, the second-largest cryptocurrency with a 25% market share

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Photo: Reuters

Rajesh Bhayani Mumbai
Even as various government agencies and banks are tightening the screws around Bitcoin investors and other stakeholders, leading Bitcoin exchanges are launching trading in alternative coins or other cryptocurrencies. Last week, the country's leading exchange, Zebpay, launched trading in Litecoin, which is the eighth-largest cryptocurrency, following rising demand from Indian investors. The exchange already allows trading in Bitcoin cash.  

Next month, Zebpay is planning to introduce trading in Ethereum, the second-largest cryptocurrency with a 25 per cent market share against Bitcoin's 34 per cent share. So far, investors interested in alternative coins like Ethereum, Ripple, Litecoin, and many others