Binance Acquires Indian Crypto Exchange WazirX
Main page News, Cryptocurrency Exchanges

Binance has just acquired the Indian trading platform WazirX in order to offer its services to more than 1 billion users in the country, the exchange has reported through its official blog.

Although the amount of the transaction has not been revealed, sources say it could reach as much as 5-10 million dollars.

From November 25, residents in India will be able to buy and sell cryptocurrencies directly with Indian rupees (INR) through Binance Fiat Gateway.

During the first quarter of 2020, WazirX's auto-matching engine will be integrated into Binance's Fiat Gateway platform, providing over 1 billion people with easy access to cryptocurrencies. users will be able to buy USDT directly with rupees and then exchange the token for any other asset available on the platform.

We recently reported that Binance has added support for the euro, the Ukrainian hryvnia and the Kazakh tenge. In addition, the exchange CEO Changpeng Zhao has said he plans to add support for 180 national currencies.

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