WRX Explained
Established in 2018, WazirX prides itself as India’s rapidly expanding cryptocurrency exchange, boasting a user base surpassing 400,000 and maintaining an impressive average app rating of 4.6. As an integral component of the Binance ecosystem, WazirX, in collaboration with Binance, has introduced the ‘Blockchain For India’ fund, earmarked at $50 million USD. While the platform is accessible to a global audience, its primary focus is on the Indian market.
Who are the Owners of WazirX Coin: WRX and WazirX are spearheaded by Indian entrepreneurs, leveraging over a decade of experience in the development and scaling of global products from India. The acquisition of WazirX by Binance in November 2019 further solidifies its standing within the cryptocurrency ecosystem.
Key Features of WazirX Include:
- Instant INR (fiat) Deposit and Withdrawal Options:
- WazirX facilitates seamless deposit and withdrawal of Indian Rupees (INR), streamlining the onboarding process for users.
- Smart Token Fund:
- A unique feature designed to assist crypto investors in discovering expert traders. This allows users to entrust the management of their cryptocurrency portfolios to these seasoned professionals.
- Auto-Matching P2P Engine:
- The world’s first auto-matching peer-to-peer (P2P) engine, boasting high liquidity, enhances the trading experience for users.
- Diverse Token Offerings:
- With access to over 80 tokens, WazirX provides a broad spectrum of cryptocurrencies for users to trade and invest in.
- Login via Binance:
- Users have the convenience of logging in using their Binance credentials, offering a seamless integration between the two platforms.
The utility token of WazirX is WRX, built on the Binance blockchain, with a total supply capped at 1 billion tokens. WRX token holders are entitled to various benefits within the trading exchange. These benefits include trading fee discounts, WRX trade mining, token airdrops, margin fee advantages, and more.
WazirX’s overarching mission is to democratize access to cryptocurrencies across India, reflecting a commitment to making digital assets inclusive and accessible to a diverse audience.
