Namaste Tribe! November — what an eventful month! It was also a historic month for Indian crypto ecosystem when WazirX got acquired by the world’s biggest crypto exchange, Binance. This acquisition speaks volumes about how the global crypto ecosystem is hopeful about India. 💪
[Complete] WRX milestone 1 ✅
Reach 50 BTC consistent daily trade volume
We started WRX token give away to involve you in building WazirX. Within the 20 months of launch, you’ve helped us become India’s largest and the most trusted cryptocurrency exchange. We’re where we are because of you, and I want you to know that we have good things in store for WRX holders. We’re working on making WRX available for everyone soon, be patient!
What happened last month
[Done] WazirX got acquired by Binance: WazirX became the first ever Indian cryptocurrency exchange to be acquired by an international one. Our team has joined forces with Binance — the world’s largest cryptocurrency exchange — to be a part of their greater mission to spread freedom of money. After huge success in India, we’ll solve Fiat <> Crypto problem for everyone around the world 🚀 Read our story here.
[Done] BNB on WazirX: It’s the first step of WazirX and Binance’s partnership. We have listed BNB as part of our Rapid Listing Initiative. You can buy, sell, trade BNB in our USDT & BTC markets on WazirX. Read more about it here.
[Done] STF Commission & Payouts: Promised and delivered: STF commission & payouts have arrived. 😎 STF Traders will get 25% commission on the profits they make for investors. Also, when an STF is profitable, the STF Trader can choose to distribute entire or portions of profits in the form of “payouts” to investors. Read more here.
[Done] New STFs: We’ve listed 1 new STF this month: Payi Team Token (XPAYI). STF is perfect for crypto enthusiasts who don’t have time or skills to trade crypto. We have also written a detailed blog post that talks about STF listing process, each fund performance, and what’s coming next on STF. 😎You can check it out here.
[Done] WRX Mining Update: We’ve raised the mining difficulty of WRX, but this time with a twist. We’ve removed the top 2 daily trading slabs & rewards for trades performed after Wednesday, 6th November 11:59 pm IST.
[Done] Delisting some markets: Over a period of time, so many of you shared how it’s confusing to have INR market as there’s no direct way to deposit/withdraw INR in India right now. The only way to deposit/withdraw INR is to buy/sell USDT via WazirX P2P. We have delisted some INR pairs so you can easily trade them in more liquid USDT and BTC markets. Read more here.
Also, due to unavailability of bandwidth, it is not possible for WazirX to support Zebi token swap for our users. Hence, we’ve delisted ZCO from our exchange.
[Done] BTT airdrop: We have successfully distributed the monthly BTT airdrop to all the eligible TRX holders for the month of November.
[Done] WINk airdrop: We have successfully distributed the monthly WINk airdrop to all the eligible TRX holders for the month of October.
What we’re building
[Ongoing] Binance integration: We’re working hard on integrating WazirX P2P into the Binance Fiat Gateway platform. With this update, existing Indian users on Binance will be able to directly deposit/withdraw INR from the platform itself. Exciting times ahead 🔥
[Ongoing] P2P improvements: We’re working on adding more improvements to WazirX P2P, and will reveal it to you in due time.
- I went on Anthony Pompliano’s podcast Off the Chain, and we talked about crypto, startups, and many interesting things! Check it out 👇
Nischal Shetty, Founder & CEO of WazirX: The Real View of Crypto In India - Off the Chain
Nischal Shetty is the founder & CEO of WazirX, one of the most popular crypto exchanges in India. WazirX was recently…
2. I did an AMA with Money Guru, one of the first people ever to cover WazirX even before we launched. Check it out 👇
3. Reviews from community ✨
Something to add
The IAMAI vs. RBI case has been adjourned to 14th January 2020. However, on the brighter side, the crypto banning draft bill hasn’t been included in the parliament session of November 2019. It’s great to see the Indian Government not rushing into this.
I also want to add that merger & acquisition is a strong indicator of success in a sector. WazirX’s acquisition by Binance further shows the belief in the crypto ecosystem of India. I hope that our government realises this and help out this fast-growing sector. In the meantime, I request you to join and spread the #IndiaWantsCrypto campaign. Let’s keep fighting, and make our voices heard.
Jai Hind 🇮🇳