WazirX

From Wikicryptos
File:Wazirx logo.png
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[edit]

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[edit]

  1. "WazirX Founder Nischal Shetty To Launch New Project L1 Blockchain Network "Shardeum"". Moneycontrol. Retrieved 3 February 2022.
  2. Gilchrist, Karen (2021-07-07). "How this 36-year-old coder built India's largest crypto trading exchange". CNBC. Retrieved 2021-12-05.
  3. Gilchrist, Karen (2021-07-07). "How this 36-year-old coder built India's largest crypto trading exchange". CNBC. Retrieved 2021-12-05.
  4. "Binance acquires Indian exchange Wazirx for undisclosed sum". www.ibtimes.sg. 2019-11-22. Retrieved 2021-12-05.
  5. 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.
  6. Batabyal, Anisa (2021-04-12). "A Brief History of WRX". WazirX Blog. Retrieved 2021-12-05.
  7. "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.
  8. "Crypto Exchange WazirX Gets Show Cause Notice From Enforcement Directorate". NDTV Gadgets 360. Retrieved 2021-12-05.
  9. Mittal, Apoorva. "WazirX to launch NFT marketplace for India, South Asia". The Economic Times. Retrieved 2021-12-05.
  10. Choudhury, Deepsekhar (2021-11-12). "Indian crypto exchange WazirX registers $38-bn trading in a year". Business Standard India. Retrieved 2021-12-05.
  11. 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.{{cite web}}: CS1 maint: url-status (link)
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