About WazirX
Introduced in 2018, WazirX purports to be the fastest-growing cryptocurrency exchange in India, boasting over 400,000 users and maintaining an impressive average app rating of 4.6. WazirX operates as part of the Binance ecosystem and collaborates with Binance on the 'Blockchain For India' initiative, which entails a $50 Million USD fund. The exchange caters to a global audience and offers several notable features:
- Instant INR (fiat) deposit and withdrawal facilities
- Smart Token Fund to assist crypto investors in discovering skilled traders and managing their cryptocurrency portfolios
- The world's premier auto-matching P2P engine boasting high liquidity
- Support for over 80 tokens
- Binance login option for seamless access
The utility token of WazirX is WRX, which is built on the Binance blockchain and has a total supply of 1 billion tokens. WRX token holders receive various benefits on the trading exchange, including discounts on trading fees, WRX trade mining, token airdrops, margin fee waivers, and more. WRX and WazirX are backed by Indian entrepreneurs with over a decade of experience in developing and scaling global products from India. Binance acquired WazirX in November 2019, with the overarching goal of making cryptocurrency accessible to all individuals in India.
