Global cryptocurrency exchange and blockchain ecosystem Binance on Thursday said it has acquired Indian bitcoin exchange, WazirX.
With this acquisition, starting from November 25, users will be able to buy and sell crypto with Indian rupees (INR) on the Binance Fiat Gateway.
Further, in Q1 of 2020, WazirX’s unique auto-matching engine will be integrated into the Binance Fiat Gateway platform itself, bringing easy cryptocurrency access to over a billion people, the statement said.
Launched in 2018, WazirX is an Indian cryptocurrency exchange with more than 200,000 app downloads.
Earlier this year, India-based startup Matic Network successfully raised funding via the blockchain on Binance Launchpad and another project, Marlin Protocol, secured a $3 million seed round from Binance Labs, the investment arm of Binance. | To read full story, visit https://startuparound.com/read/1574321406.1829524/Binance-acquires-Mumbai-based-cryptocurrency-startup-WazirX?ref=audio_experience