Company:WazirX

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Short description: Indian cryptocurrency exchange

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WazirX
FounderNischal Shetty[1]
ParentBinance
Websitewazirx.com

WazirX is an Indian cryptocurrency exchange founded in 2018.[2] Founded by Nischal Shetty,[3] It was acquired by cryptocurrency exchange Binance in 2019.[4] The exchange has over 10 million users as of March 2022.[5]

History

In February 2020, WazirX launched it's WRX token based on Binance Chain and Ethereum chain.[6]

WazirX was acquired by the world largest crypto trading platform Binance in April 2021.[7]

In June 2021, WazirX receives show cause notice by Enforcement Directorate for cryptocurrency transaction of Rs. 2,790 crore.[8]

Wazir launched its NFT platform in March 2021.[9]

In November 2021, WazirX hits $38 Billion trading in a year record,[10] 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.[11]

References

  1. ↑ "WazirX Founder Nischal Shetty To Launch New Project L1 Blockchain Network “Shardeum"" (in en). Moneycontrol. https://www.moneycontrol.com/news/business/cryptocurrency/wazirx-founder-nischal-shetty-to-launch-new-project-l1-blockchain-network-shardeum-8028381.html. 
  2. ↑ Gilchrist, Karen (2021-07-07). "How this 36-year-old coder built India's largest crypto trading exchange" (in en). https://www.cnbc.com/2021/07/07/wazirx-nischal-shetty-built-indias-largest-crypto-trading-exchange.html. 
  3. ↑ Gilchrist, Karen (2021-07-07). "How this 36-year-old coder built India's largest crypto trading exchange" (in en). https://www.cnbc.com/2021/07/07/wazirx-nischal-shetty-built-indias-largest-crypto-trading-exchange.html. 
  4. ↑ "Binance acquires Indian exchange Wazirx for undisclosed sum" (in en). 2019-11-22. https://www.ibtimes.sg/binance-acquires-indian-exchange-wazirx-undisclosed-sum-34731. 
  5. ↑ Reporter, B. S. (2021-08-12). "Crypto exchange WazirX sees huge rise in users from tier-2 & 3, women". Business Standard India. https://www.business-standard.com/article/companies/crypto-exchange-wazirx-sees-huge-rise-in-users-from-tier-2-3-women-121081200889_1.html. 
  6. ↑ Batabyal, Anisa (2021-04-12). "A Brief History of WRX". https://wazirx.com/blog/a-brief-history-of-wrx/. 
  7. ↑ "Binance-owned Indian crypto exchange WazirX crosses $200m in daily trading volume; eyes $1b in 2021" (in en-US). 2021-04-04. https://www.financialexpress.com/market/binance-owned-indian-crypto-exchange-wazirx-crosses-200m-in-daily-trading-volume-eyes-1b-in-2021/2226496/. 
  8. ↑ "Crypto Exchange WazirX Gets Show Cause Notice From Enforcement Directorate" (in en). https://gadgets.ndtv.com/internet/news/wazirx-show-cause-notice-enforcement-directorate-ed-cryptocurrency-2461528. 
  9. ↑ Mittal, Apoorva. "WazirX to launch NFT marketplace for India, South Asia". The Economic Times. https://economictimes.indiatimes.com/tech/technology/wazirx-to-launch-nft-marketplace/articleshow/83121844.cms. 
  10. ↑ Choudhury, Deepsekhar (2021-11-12). "Indian crypto exchange WazirX registers $38-bn trading in a year". Business Standard India. https://www.business-standard.com/article/companies/indian-crypto-exchange-wazirx-registers-36-bn-of-trading-in-a-year-121111200794_1.html. 
  11. ↑ Tiwari, Manas (2021-11-24). "WazirX crashes after users sell on talk of India crypto ban, CEO asks investors not to panic" (in en). https://www.indiatoday.in/technology/news/story/wazirx-crashes-after-users-sell-on-talk-of-india-crypto-ban-ceo-asks-investors-not-to-panic-1880210-2021-11-24. 




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