India’s premier crypto exchange WazirX announced on Tuesday that HIVE token is now available for trade on the platform. Initially, the token will be available for trade against USDT.
HIVE/USDT trading on #WazirX 💪
We've distributed $HIVE airdrop to STEEM holders.
We're also giving away 13.5 HIVE tokens worth ₹500 each to 3 lucky people:
1. Retweet this tweet
2. Reply to this tweet & mention 3 friends
— WazirX (@WazirXIndia) April 28, 2020
Sadly, users won’t be able to transfer or deposit HIVE from another wallet, nor will they be able to withdraw it from WazirX. Users can only buy and sell HIVE in the USDT market. However, WazirX stated that users would soon be able to deposit and withdraw HIVE on the network.
“Hive is an open-source blockchain, forged in years of development to bring Web 3.0 to the world. With a diverse community of stakeholders and without controlling bad actors, individuals can experience true ownership in a decentralised blockchain & cryptocurrency.”
WazirX, the largest crypto trading network in India, is now owned by Binance Foundation. With fresh capital infused and the country’s administrative restrictions on the crypto industry beginning to ease up, the future of major Indian crypto companies like WazirX seems promising, and we can expect more global projects coming on board.