At ZebPay, we consistently assess all listed trading pairs to ensure the safety of our members and to maintain a high-quality trading market. When introducing new cryptocurrencies, we prioritize providing adequate liquidity and a robust trading environment.
Removal of BUSD Trading Pairs on QuickTrade:
Effective November 15th, all BUSD trading pairs, including crypto-crypto pairs supporting BUSD and the BUSD-INR pair, have been removed from the Quick Trade (QT) section of our platform. This signifies the cessation of trading BUSD with other cryptocurrencies via the QT feature.
BUSD Lending Discontinuation:
Effective November 15th, BUSD lending services have been discontinued. If you had any active lending contracts with BUSD as of November 15th, please be aware that they have been automatically liquidated, and the corresponding amount has been credited to your wallet.
BUSD-INR Exchange Pair Delisting:
Effective from December 15th, the BUSD-INR exchange pair will be delisted on the Exchange. Consequently, trading BUSD directly for Indian Rupees (INR) on our platform will no longer be available.
BUSD Deposits/Withdrawals Suspension:
Effective from December 15th, BUSD withdrawals will be temporarily halted. In light of these changes, we strongly advise completing any necessary withdrawals or transfers before the specified dates.
These adjustments are integral to our ongoing efforts to refine and enhance our platform's offerings. If you have any questions or concerns regarding these changes, please do not hesitate to reach out to our customer support team by creating a ticket. Thank you for your continued trust and support.
Frequently asked questions
How will my BUSD holdings be affected on ZebPay following the discontinuation of BUSD trading pairs?
Rest assured, the discontinuation of trading pairs involving BUSD, effective from November 15, 2023, will not impact your current BUSD crypto holdings. However, it's important to note that BUSD will be delisted by December 15, 2023. We strongly recommend that you withdraw or transfer your BUSD holdings before this date to ensure a smooth transition.
Will the removal of BUSD trading pairs create any issues when selling the coins I purchased using the BUSD?
In Crypto-to-Crypto trading, the cryptocurrency is sold to purchase another crypto. Any coins you bought with BUSD have already been converted to the respective currency and added to your wallet. You can continue trading and withdrawing these coins as usual, provided withdrawal is enabled for that specific coin.
What is the status of the lending contract I currently have with ZebPay in light of the BUSD delisting?
All BUSD lending contracts are cancelled with effect from November 15, 2023. The corresponding amount and interest accrued until these dates are credited to your account.
Can I still deposit or withdraw BUSD coins on ZebPay after the removal of BUSD from trading pairs and lending services?
As of now, you can continue to deposit and withdraw BUSD on ZebPay, as it has not been delisted yet. However, it's crucial to be aware that the full delisting is planned for December 15, 2023. We strongly advise you to withdraw or transfer your BUSD holdings before this specified date.