Cryptocurrency Q&A Is WazirX backed by Binance?

Is WazirX backed by Binance?

isabella_taylor_activist Fri Oct 11 2024 | 6 answers 1498

WazirX, an Indian cryptocurrency exchange, has been claiming to be backed by Binance, a leading global cryptocurrency exchange. However, the exact relationship between the two exchanges has been a subject of debate and controversy. WazirX's CEO stated that Binance operates the crypto pairs on WazirX and handles crypto withdrawals, while Binance's CEO clarified that Binance does not own any equity in WazirX. Despite the confusion, WazirX continues to operate independently in India, offering a platform for users to buy and sell cryptocurrencies using Indian rupees. Is WazirX backed by Binance?

Is WazirX backed by Binance?

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