The Pomp Podcast
Ajeet Khurana, CEO of Zebpay: India's Clampdown on Cryptocurrency
- Ajeet Khurana's background as a serial entrepreneur and eventual CEO of Zebpay, India's largest crypto exchange at the time of his joining in January 2018.
- Regulatory challenges in India that forced Zebpay to cease fiat-to-crypto operations in September 2018, including banking restrictions and central bank directives against serving the crypto industry.
- Zebpay's zero-fee transaction model, sustained through OTC spreads, withdrawal fees, treasury management, and volume scaling rather than per-trade commissions.
- The Lightning Network as a critical scaling solution that addresses bandwidth limitations of Bitcoin and demonstrates the protocol's ability to evolve over time.
- Expected consolidation of crypto exchanges from hundreds down to a handful of major players, with potential for M&A as the sector matures.
- Bitcoin's likely persistence as the number-one cryptocurrency despite competition from alternative assets and blockchains.