In a recent interview with Cryptoglobe, Ajeet Khurana, the CEO of Zebpay, claimed that the cryptocurrency ecosystem did not require more than a dozen legitimate exchanges.
When Ajeet Khurana was asked about Zebpay’s future plans, he stated that the company might face hurdles such as living and operational conditions in the country itself. He believed that the existence of so many exchanges was undesired and did not make practical sense.
He claimed that in the long-term, the distinction between exchanges was very minimal as the end product bought by the users was absolutely identical.
“So if you purchase Bitcoin from exchange A versus exchange B, you get the exact same Bitcoin. You can’t say I got a higher quality one or a more genuine one. In light of that, I see in the open market, not more than a dozen, probably as few as five, but not more than a dozen and I am committed to be one of them.”
The CEO of Zebpay also spoke in favor of the decentralized exchange [DEX] and wished that the trend would have arrived sooner. The philosophical ideology of the space resonated with DEX, he said.
Khurana also shed light on Zebpay’s situation in India, revealing that “regulations have, on the whole, been moving in a more friendly direction” in the country.
He hinted that India would not want to be one of those territories in the world which is not moving towards the exploration of virtual currency trading’s potential and economic benefits.
“As far as India is concerned, the actual order that challenges the central bankers does not impact regulations because there aren’t any now seems like it might close soon. “As far as India is concerned, the actual order that challenges the central bankers does not impact regulations because there aren’t any now seems like it might close soon.”
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