Exchange

Binance Launchpad To Initiate WazirX (WRX) Token Sale In February 2020

The start of 2020 has been super successful for India’s most reputed and trusted Bitcoin exchange platform, WazirX, as Binance is all set to list WazirX token WRX on its esteemed network. Through an official Twitter post, Binance broadcasted the news to its global customer base about WazirX’s token sale which will kickstart on February 3, 2020, at 00:00 UTC. The users will also be able to take advantage of the lottery-format ticket claim solution offered by the exchange.

Founded and led by Nischal Shetty, WazirX takes pride in being the world’s first digital currency trading exchange studded with the revolutionary auto-matching peer-to-peer engine. The exchange has been designed to facilitate the secured and economical conversion of fiat to cryptocurrencies for the local Indian clients. The highly efficient peer-to-peer interface of WazirX allows the investors to indulge in quick and easy deposit and withdrawal of digital currencies. The listing of WRX tokens on Binance has been celebrated by the Indian crypto community with open arms.

The WRX token is a utility token and is the driving force behind the WazirX ecosystem. WazirX supports the trading of more than 80 digital assets on its network. WazirX is anxiously looking forward to exploring the international marketspace with its token getting launched on Binance.

“In 2020, Binance Launchpad continues to pursue its mission to support innovative crypto and blockchain startups. Despite the fact that the crypto industry is actively developing, сonverting fiat into crypto, and vice versa, still remains a significant barrier to furthering crypto adoption. The WazirX team has found an effective solution to this problem by developing a unique P2P engine,” stated Changpeng Zhao, the Founder and CEO of Binance.

He added that the launching of WazirX token on Binance would boost and strengthen the operational capacities of the customers as well as the exchange. The integration will allow the Binance community to lend support to the WazirX team.

“WazirX P2P has tremendously helped India participate in the crypto revolution. We’re determined to help onboard millions of people to crypto by solving the global fiat to crypto problem with the world’s first auto-matching P2P engine. WRX helped WazirX attract all the early crypto adopters in India, and currently, it’s the most popular exchange token in the country. The IEO of WRX will help us solve the fiat to cryptocurrency conversion problem globally for many more countries,” quoted Nischal Shetty.

COO of WazirX, Siddharth Menon, bragged about the strategic partnership between Binance and WazirX by mentioning about the technological expertise the two entities boast of. He opined that this crucial step could trigger mass adoption of digital currencies around the globe as it aims to present a lucrative solution for issues related to fiat on-ramps which play an important role in deciding the adoption rate in the cryptomarket.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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