ZebPay

ZebPay is a centralized cryptocurrency exchange founded in October 2014, making it one of India's earliest and longest-running crypto platforms. Incorporated in Singapore with operational offices in India and Australia, it serves more than 6 million registered users across 160+ countries. The platform has remained active for over a decade without a major security breach, a record that distinguishes it among exchanges with significant retail exposure.

Founding and History

ZebPay was co-founded by Mahin Gupta, Sandeep Goenka, and Saurabh Agrawal in 2014. It built an early user base in India by simplifying Bitcoin purchases via SMS before the country had widespread crypto infrastructure. In April 2018, the Reserve Bank of India issued a circular prohibiting banks from providing services to cryptocurrency businesses. This forced ZebPay to suspend its Indian operations that September. The exchange continued serving users in other markets, particularly Australia and Singapore. In March 2020, India's Supreme Court struck down the RBI circular, and ZebPay relaunched in India under new leadership. Rahul Pagidipati serves as Chairman and CEO; Anuj Kumar Garg is CTO.

Platform and Products

ZebPay offers retail and institutional users several trading and investment mechanisms:

Spot Trading: The core exchange supports 300+ cryptocurrencies and over 400 trading pairs. Indian users can trade SOL/INR with a minimum investment of Rs. 100. Two execution modes are available: Quick Trade for instant market purchases without order-book interaction, and the full Exchange interface with advanced charting, limit orders, and real-time depth.

Futures Trading: Perpetual futures contracts are available to users in India. An Auto-Top Up feature, launched in November 2025, automatically replenishes margin balances to reduce liquidation risk during volatile periods.

ZebPay Earn: A crypto lending product offering up to 8.5% APY on select assets and up to 10% on USDT. Users lock holdings for fixed terms of 7, 30, 60, or 90 days. SOL is among the assets supported for lending, though specific per-asset rates are not published separately from the general maximum.

CryptoPacks: Thematic curated portfolios that allow users to invest in a basket of tokens -- such as DeFi or layer-1s -- with a single transaction. Each pack includes performance analytics and risk/reward ratings.

ZebPay SIP: A Systematic Investment Plan for Bitcoin, launched in January 2026, enabling users to automate regular purchases on a schedule -- similar to mutual fund SIPs common in Indian retail investing.

Expert Trades: A signals product delivering trade recommendations. During the week ending September 15, 2026, the service reported 33 closed trades, a 51.5% success rate, and cumulative returns of +167.97% across all signals.

ZebPay Build: An API platform for developers and quantitative traders to connect algorithmic bots and custom applications to ZebPay's spot and perpetual futures markets.

Lightning Network: ZebPay supports Bitcoin Lightning Network withdrawals, enabling near-instant, low-fee BTC transfers.

Quick Trade Integrations: In April 2026, ZebPay added Lido's stETH to its Quick Trade feature, allowing users to acquire Ethereum liquid staking tokens directly through the exchange interface.

Fees

Fees differ by region. Indian users pay 0.15% maker and 0.25% taker on spot trades, with a membership option that eliminates fees on certain pairs. International users are charged a flat 0.5% fee. Dormant Indian accounts accrue a monthly inactivity penalty of 0.0001 BTC plus 18% GST.

Security

ZebPay stores approximately 98% of user funds in multi-signature cold wallets, with hot wallet infrastructure managed through a BitGo partnership carrying a $250 million insurance policy. The exchange operates a proprietary internal framework called Omnitrixx for multi-chain asset security. CertiK's Skynet audit assigned ZebPay a security score of 76.20 (BBB), noting high performance in application, DNS, and network security with no incidents recorded. For blockchain analytics and anti-money laundering compliance, ZebPay partners with Chainalysis, a firm that provides transaction monitoring services to financial institutions and government agencies in over 40 countries. ZebPay is registered with India's Financial Intelligence Unit under the Prevention of Money Laundering Act, and with AUSTRAC in Australia. No major hack has been reported since founding in 2014.

Solana Ecosystem Fit

ZebPay lists Solana (SOL) as a tradeable asset on its exchange with a native INR pair. Users can buy, sell, and hold SOL, and SOL is included in ZebPay Earn's lending pool. The platform publishes regular Solana technical analysis and market commentary through its blog -- including a September 2026 report noting SOL's market cap at $58.62 billion -- and has covered Solana's liquid staking ecosystem in educational content discussing protocols such as Marinade and Lido on Solana.

ZebPay does not currently offer native on-chain SOL staking delegation or direct integration with Solana validator infrastructure. Its Solana exposure is exchange-based: spot liquidity, INR on/off ramp, and the general Earn lending product. For Indian retail users seeking a regulated, INR-denominated entry point to the Solana ecosystem, ZebPay is among the accessible options given its FIU-India registration and established banking integrations (UPI, NEFT, IMPS).

Team and Operational Status

As of September 2026, ZebPay remains operationally active. CTO Anuj Kumar Garg represented the company at The Box Launch event in Mumbai on September 16, 2026, discussing tokenization, blockchain, AI, and real-world assets alongside institutional peers. The company's official website, blog, and social channels are current, and product development -- including the SIP, Auto-Top Up, and stETH Quick Trade integration -- has continued through 2025 and 2026.