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Binance acquires Mumbai-based bitcoin exchange WazirX

Global cryptocurrency exchange Binance has acquired Indian bitcoin exchange WazirX for about $5-$10 million. This acquisition would help two-year-old WazirX to expand its peer-to-peer (P2P) business geographically.

Following the deal, WazirX users will be able to buy and sell crypto using the Indian currency on the Binance Fiat Gateway, starting from 25th November. Moreover, its P2P engine will be integrated into the Binance Fiat Gateway platform in the first quarter of 2020. (Source)

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