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Hi Lalit, 
Yes the cross-chain functionality is currently active.

Here is a written tutorial on converting between ERC20 and EOS-based tokens: https://support.bancor.network/hc/en-us/articles/360018673372-How-to-Convert-Your-ERC20-Tokens-to-EOS-Tokens-on-BancorX

Here is also a video tutorial on how to convert between ETH & EOS using BancorX: https://www.youtube.com/watch?v=eNeaHCwJe9Q&feature=youtu.be

Please let us know if you have any trouble.