Binance is the big name in the crypto Industry which is ready to initiate in India irrespective of the fact that the Local Government of India is considering its plan to ban the crypto in the country. In October month, South Korea’s major crypto exchange, Bithumb told its plan to launch an exchange in India, but it seems, the Binance exchange has taken a fast step and acquire a local exchange of India called WazirX which ranked 159th by trading volume. The daily trading volume of WazirX is USD 344,564 as per the Coinpaprika.
As per the Binance, the acquisition is soon going to launch numerous multiple fiat-to-crypto gateways which are going to help Indian users to use Indian rupee (INR) to buy and sell crypto which has started from November 25th, 2019. The company shared its plan and said that the first half of 2020 will be going to see WazirX’s auto-matching engine which has integrated into the Binance Fiat gateway platform. Talk to the team for delivering remedies; call on Binance customer care number which is functional all the time for guidance. Talk to them to get rid of queries in no time.
This step would help Binance.com users to place direct orders on the exchange along with the Binance IOS and android app to buy tether (USDT) against INR. Users with the support of buying USDT from the WazirX digital asset marketplace are soon going to trade any digital asset available on Binance.com. As per the CEO of WazirX, Nischal Shetty, fiat on-ramps has a major role in choosing the size and adoption of crypto market. Over billion users are primed for crypto adoption and this acquisition by Binance is giving an opportunity to not only server Indians but also other developing nations where fiat on-ramps will be built.
Indian youth would be interested in adoption of Binance technology
Also, the community can avail the native WazirX token called WRX which has 64,000 users with the help of trade mining and signups, but the exchange also made an announcement that a token sale is under deliberation. We all know India is a home to billion of people and has youth percentage of 34.33% by 2020 as per the government report, over 141 million is of age group 18 to 23 old, and a lot of new users are going to enter in the blockchain and crypto industry. To deal with queries and troubles, you can call on Binance helpline number which is functional all the time for assistance. You can talk to the team who is ready to assist you and help you in delivering solutions from the roots.
It is also reported that the Indian Government has gone into severe measures which is a part of crackdown, with ministers looking forward to punish Cryptocurrency users with jail sentences of up to 10 years. Well, there is no official statement made indicating the changes in the policy just after its confirmation in July 2019. The CEO of Binance says that the youth group in India can look for building on new financial technologies.