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)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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