WazirX is India’s largest crypto change.
WazirX launched its sixth transparency report on Tuesday for the interval October 2023 to March 2024.
Crypto change platform WazirX recorded its highest buying and selling quantity of over $400 million in March 2024 and its highest sign-up numbers in December 2023. WazirX launched its sixth transparency report on Tuesday for the interval October 2023 to March 2024. It mentioned that buying and selling quantity elevated by 217% in comparison with the earlier six months and the variety of new consumer registrations elevated by 122%. WazirX mentioned in its report that it added 16 new tokens and 30 new buying and selling pairs to its providing. The corporate additionally responded to 1,700 queries from Indian and international regulation enforcement companies and mentioned it required a turnaround time of twenty-two minutes to answer regulation enforcement queries.
Rajagopal Menon, Vice President of WazirX, mentioned: “We at WazirX are dedicated to defending customers whereas encouraging innovation within the Indian digital digital asset (VDA) ecosystem. By proactively partaking with regulators, regulation enforcement companies, business associations and different stakeholders, we’re paving the way in which for constructive rules that may unlock the transformative potential of blockchain and crypto applied sciences throughout all sectors.”
He added that within the coming months, the change will proceed to place in place strong safety protocols, work with policymakers to create an acceptable regulatory framework and promote crypto literacy.
Because the starting of this yr, Indian crypto exchanges have been witnessing record-breaking buying and selling volumes and likewise consumer registrations. Just lately, the Bitcoin halving marked a significant milestone within the crypto world.
WazirX is India’s largest crypto change platform. Since its inception in 2018, WazirX has grow to be essentially the most trusted change within the Indian crypto market. It’s a part of the Binance group, the world’s largest crypto change serving customers in 180 nations. WazirX and Binance just lately introduced a $50 million Blockchain India Fund to grasp their imaginative and prescient of constructing crypto accessible to India.
With a quantity of $5.4 billion per thirty days and rising exponentially, WazirX is seeing a steep rise within the variety of new customers and buying and selling exercise. With 6 million registered customers, WazirX’s progress has simply begun. WazirX and Nischal Shetty, the pioneers of the #IndiaWantsCrypto motion, has a social media attain of greater than 5 million.
