Launched in 2018, WazirX claims to be India's fastest growing cryptocurrency exchange with over 400,000 users, with an average app rating of 4.6. WazirX is a part of the Binance ecosystem. WazirX and Binance have launched a $50 Million USD ‘Blockchain For India’ fund. The exchange is available for the global audience, and key features include:
- Instant INR (fiat) deposit and withdrawal options
- Smart Token Fund to help crypto investors find expert traders, and let them manage their cryptocurrency portfolio
- World’s first auto-matching P2P engine with high liquidity
- 80+ tokens
- Login via Binance option
WRX is the utility token of WazirX. WRX token is based on the Binance blockchain. Its total supply is 1 Billion. The token holders will be rewarded with various benefits on the trading exchange like trading fee discounts, WRX trade mining, token airdrop, margin fee, and more. WRX and WRX are backed by Indian entrepreneurs with over 10 years of experience in building and scaling global products out of India. WazirX was also acquired by Binance in November 2019. The goal of WazirX is to make crypto accessible to everyone in India.