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How is WazirX, a popular Indian cryptocurrency exchange, related to Binance?

avatarBateman HobbsDec 18, 2021 · 3 years ago3 answers

Can you explain the relationship between WazirX, a well-known cryptocurrency exchange in India, and Binance, the largest cryptocurrency exchange in the world?

How is WazirX, a popular Indian cryptocurrency exchange, related to Binance?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    WazirX is actually a subsidiary of Binance. In 2019, Binance acquired WazirX to expand its presence in the Indian cryptocurrency market. Since then, WazirX has been operating as an independent entity under the Binance ecosystem. This partnership has allowed WazirX to leverage Binance's technology, liquidity, and global network, while also benefiting from Binance's expertise in compliance and security.
  • avatarDec 18, 2021 · 3 years ago
    WazirX and Binance have a strategic partnership. Binance provides technical support and resources to WazirX, enabling the exchange to offer a seamless trading experience to its users. Additionally, WazirX is integrated with Binance's global liquidity pool, which allows users to access a wide range of trading pairs and enjoy competitive prices. This collaboration has strengthened both exchanges' positions in the cryptocurrency market.
  • avatarDec 18, 2021 · 3 years ago
    WazirX is an independent cryptocurrency exchange, but it has a close relationship with Binance. As part of the Binance ecosystem, WazirX benefits from Binance's expertise and resources. This collaboration has helped WazirX to rapidly expand its user base and improve its trading infrastructure. With the support of Binance, WazirX has become one of the leading cryptocurrency exchanges in India.