Finance:WazirX
| Founded | 2018 |
|---|---|
| Founders | Nischal Shetty |
| Headquarters | Mumbai, India |
Area served | India |
Key people | Nischal Shetty (CEO) |
| Products | Cryptocurrency exchange, cryptocurrencies |
| Website | wazirx |
WazirX is India's largest cryptocurrency exchange that provides a platform for trading various cryptocurrencies on its website and app.[1] It was founded by Nischal Shetty in 2018 and has headquarters in Mumbai.
WRX Token
WRX is the native token/coin of Wazirx Exchange.[2]
History
WazirX was founded in March 2018 by a computer engineer Nischal Shetty with two co-founders. Soon after WazirX was launched, the Government of India banned crypto trading in the country.[3] Two days after the ban WazirX launched a peer-to-peer system which would link sellers and buyers directly and eliminate the need of financial institutions. At the point of its launch no other exchanges has this feature that helped the company to grow rapidly.[2]
The global cryptocurrency exchange Binance acquired WazirX in November 2019.[4][5]
References
- ↑ Chakraborty, Chiranjivi (May 19, 2021). "India's largest crypto exchange crashes as investors scramble to exit". The Economic Times. https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-meltdown-crashes-indias-largest-cryptocurrency-exchange/articleshow/82771151.cms.
- ↑ 2.0 2.1 Mulye, Prathamesh (April 12, 2021). "A techie who once mistrusted the internet is now building one of India's largest crypto exchanges" (in en). https://qz.com/india/1987193/how-binance-owned-wazirx-survived-indias-cryptocurrency-rules/.
- ↑ Borate, Neil; Kaul, Abhinav (2021-03-20). "Anger against tech giants led me to cryptocurrency: Nischal Shetty of WazirX" (in en). https://www.livemint.com/news/india/anger-against-tech-giants-led-me-to-cryptocurrency-nischal-shetty-of-wazirx-11616211183531.html.
- ↑ Kar, Sanghamitra (November 21, 2019). "Cryptocurrency: Binance acquires Mumbai's bitcoin exchange WazirX". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/binance-acquires-mumbais-bitcoin-exchange-wazirx/articleshow/72152901.cms?from=mdr.
- ↑ Soni, Sandeep (2021-04-04). "Binance-owned Indian crypto exchange WazirX crosses $200m in daily trading volume; eyes $1b in 2021" (in en-US). https://www.financialexpress.com/market/binance-owned-indian-crypto-exchange-wazirx-crosses-200m-in-daily-trading-volume-eyes-1b-in-2021/2226496/.
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