WazirX

From Wikipedia, the free encyclopedia
WazirX
ParentBinance
Websitewazirx.com

WazirX is an Indian cryptocurrency exchange founded in 2018.[1] WazirX acquired by world largest cryptocurrency exchange Binance.[2] The exchange has over 7.3 million users.[3]

History[]

WazirX was founded by computer science engineer Nischal Shetty in March 2018.[4]

On February 2020, WazirX launched it's WRX token based on Binance Chain and Ethereum chain.[5]

WazirX was acquired by the world largest crypto trading platform Binance in April 2021.[6]

In June 2021, WazirX receives show cause notice by Enforcement Directorate for cryptocurrency transaction of Rs. 2,790 crore. [7]

Wazir launched it's NFT platform in March 2021.[8]

In November 2021, WazirX hits $38 Billion trading in a year record,[9] and the same month WazirX app saw heavy user activity and server crashes following the Indian government's decision to introduce a new cryptocurrency bill in Parliament to ban private crypto.[10]

References[]

  1. ^ Gilchrist, Karen (2021-07-07). "How this 36-year-old coder built India's largest crypto trading exchange". CNBC. Retrieved 2021-12-05.
  2. ^ "Binance acquires Indian exchange Wazirx for undisclosed sum". www.ibtimes.sg. 2019-11-22. Retrieved 2021-12-05.
  3. ^ Reporter, B. S. (2021-08-12). "Crypto exchange WazirX sees huge rise in users from tier-2 & 3, women". Business Standard India. Retrieved 2021-12-05.
  4. ^ Gilchrist, Karen (2021-07-07). "How this 36-year-old coder built India's largest crypto trading exchange". CNBC. Retrieved 2021-12-05.
  5. ^ Batabyal, Anisa (2021-04-12). "A Brief History of WRX". WazirX Blog. Retrieved 2021-12-05.
  6. ^ "Binance-owned Indian crypto exchange WazirX crosses $200m in daily trading volume; eyes $1b in 2021". The Financial Express. 2021-04-04. Retrieved 2021-12-05.
  7. ^ "Crypto Exchange WazirX Gets Show Cause Notice From Enforcement Directorate". NDTV Gadgets 360. Retrieved 2021-12-05.
  8. ^ Mittal, Apoorva. "WazirX to launch NFT marketplace for India, South Asia". The Economic Times. Retrieved 2021-12-05.
  9. ^ Choudhury, Deepsekhar (2021-11-12). "Indian crypto exchange WazirX registers $38-bn trading in a year". Business Standard India. Retrieved 2021-12-05.
  10. ^ Tiwari, Manas (2021-11-24). "WazirX crashes after users sell on talk of India crypto ban, CEO asks investors not to panic". India Today. Retrieved 2021-12-05.
Retrieved from ""