What is Binance's acquisition of wazirx?

Global cryptocurrency exchange and blockchain ecosystem, Binance, today, has announced its acquisition of Indian cryptocurrency startup WazirX. With the acquisition, Binance will now start offering the option for users to buy and sell crypto with Indian rupees (INR) on the Binance Fiat Gateway from November 25 onwards.

Is wazirx the best cryptocurrency exchange in India?

Global cryptocurrency exchange and blockchain ecosystem, Binance, today announced its acquisition of WazirX, India's most trusted bitcoin exchange. Starting November 25, you can buy and sell crypto with Indian rupees (INR) on the Binance Fiat Gateway.

Who owns wazirx?

In addition, WazirX (including the foregoing assets) continues to be operated and managed by Zanmai Labs. Starting November 25, people in India can buy and sell cryptocurrencies with fiat currencies through the Binance Fiat Gateway.

How will wazirx help Binance build a Fiat-to-crypto bridge?

“Building fiat-to-crypto bridges remain a key mission for Binance, and WazirX will help this by providing a simple and cohesive way to purchase cryptocurrencies in a country which is home to more than a billion people,” said Wei Zhou, Binance CFO.