WazirX

WazirX is an India-based Bitcoin and cryptocurrency exchange headquartered in Mumbai, India, that offers an auto-matching P2P (peer-to-peer) engine. WazirX launched the P2P engine in India when the Indian central bank banned banks from dealing with cryptocurrency businesses.

WazirX was started in 2018 by Nischal Shetty, Sameer Mhatre and Siddharth Menon and was acquired by Binance in November 2019. WazirX is available on five platforms—Web, Android & iOS mobile, Windows, and Mac apps. In January 2022, WazirX was India's largest digital currency exchange, with 60-70 percent of the Indian digital currency exchange market share, and the largest NFT marketplace in India. WazirX's NFT marketplace hosts digital art, focusing on artists new to selling their work online, music and plans to expand to digital games. As of February 22, 2022, WazirX's 24-hour trading volume was about $55 million with 229 coins and 428 trading pairs on the exchange.

On January 21, 2020, Binance announced the launch of the WazirX WRX token, which will have a maximum of 1 billion coins. WazirX launched WRX tokens to involve its community in building out WazirX, and reward them accordingly for contributing.

The token holders will be rewarded with various benefits on the trading exchange like trading fee discounts, WRX trade mining, token airdrop, margin fee, and more. WRX and WRX are backed by Indian entrepreneurs with over 10 years of experience in building and scaling global products out of India. The goal of WazirX is to make crypto accessible to everyone in India.