The crypto exchange has been consistently clocking in 54% m-o-m growth, despite the RBI ban
Undeterred commitment to one’s passion inevitably yields success. The resounding success of WazirX, one of India’s leading and most trusted cryptocurrency exchange platforms, is a strong testament of the same. The Mumbai-based exchange recently broke its own record by crossing 200 BTC or Rs. 6 crores INR in a single-day trading volume. It is the highest 24-hour volume to be achieved by any Indian exchange in the recent times.
With the record-breaking transaction volume, WazirX has significantly raised the bar and aspirations of the Indian exchanges currently in operation. The fact that WazirX is still less than a year old and is operating in a bear market only adds more glory to the achievement. The same also reinstates and further establishes the faith in Indians demanding crypto, despite the blanket ban on banking transactions by the RBI.
Commenting on the record-breaking numbers, Nischal Shetty, Co-Founder & CEO of WazirX said, “We have been pleasantly surprised to discover that a single-day transaction on WazirX has crossed 200 BTC. This is simply sensational and only strengthens our faith in the fact that the youth of India wants crypto and is ready to go the extra mile for the same. At the same time, I sincerely hope that the government officials will pay heed to what the youth of the nation wants and will introduce positive regulations, favouring the growth of crypto in India.”
As India’s youngest crypto exchange, WazirX has definitely come a long way. The exchange already provides Indians with the fastest P2P experience by letting them cash-in and cash-out of cryptos 24X7. Furthermore, the trading volume of the exchange has been consistently growing, clocking in 54% hike month-on-month. In the month of December, the total trading volume on WazirX spiked to 2300 BTC or INR 60 Crores.
WazirX is building India’s most trusted cryptocurrency exchange enabling Indians to build up their digital assets portfolio by buying, selling or investing in other crypto-assets, such as Bitcoin, Litecoin, Ethereum, Ripple etc. In addition, WazirX launched India’s own digital asset, WRX. WazirX is the brainchild of Twitter blockchain influencer, Nischal Shetty. Having already featured in the list of ‘Forbes 30 under 30’, Nischal Shetty is joined in his current undertaking by his fellow co-founders of Crowdfire, Siddharth Menon and Sameer Mhatre.