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WazirX - Bitcoin

WazirX

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WazirX
Founded2018
FoundersNischal Shetty
Headquarters
Mumbai, India
Area served
India
Key people
Nischal Shetty (CEO)
ProductsCryptocurrency exchange, cryptocurrencies
Websitewazirx.com

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.[2]

History[edit]

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.[4]

The global cryptocurrency exchange Binance acquired WazirX in November 2019.[5][6]

References[edit]

  1. ^ Chakraborty, Chiranjivi. "India's largest crypto exchange crashes as investors scramble to exit". The Economic Times. Retrieved 2021-05-24.
  2. ^ Mulye, Prathamesh. "A techie who once mistrusted the internet is now building one of India's largest crypto exchanges". Quartz. Retrieved 2021-05-24.
  3. ^ Kaul, Neil Borate,Abhinav (2021-03-20). "Anger against tech giants led me to cryptocurrency: Nischal Shetty of WazirX". mint. Retrieved 2021-05-24.
  4. ^ Mulye, Prathamesh. "A techie who once mistrusted the internet is now building one of India's largest crypto exchanges". Quartz. Retrieved 2021-05-24.
  5. ^ Kar, Sanghamitra. "Cryptocurrency: Binance acquires Mumbai's bitcoin exchange WazirX". The Economic Times. Retrieved 2021-05-24.
  6. ^ "Binance-owned Indian crypto exchange WazirX crosses $200m in daily trading volume; eyes $1b in 2021". The Financial Express. 2021-04-04. Retrieved 2021-05-24.