Wazirx Exchange to Represent Binance in India

The press release says that a unique WazirX automatic matching mechanism will be performed on the Binance Fiat Gateway in the first quarter of 2020. This will enable residents of India (more than 1 billion people) to use the services of the exchange. Binance.com users will be able to directly obtain Tether (USDT) for INR both on the website and in Binance applications for iOS/Android.

Wazirx CEO Nischal Shetty confirmed the fact Binance acquired the company. He admitted that this is a historic day for the Indian cryptocurrency industry. Binance's mission is to make digital assets available to everyone in the world, and WazirX will be happy to be part of this.

Binance CEO Changpeng Zhao, in turn, said the acquisition of Wazirx would help strengthen the blockchain ecosystem in India and help turn the country into a global innovation center for blockchain technology.

This is not the first news about the cryptocurrency exchange on our site. We already wrote that Binance opens ruble fiat gateway through Advcash.