WazirX Financial News

18.02 / 05:03

WazirX Reserve Bank of India crypto tax Crypto tax in India spurs bonanza for digital-coin bourses

digital-asset exchanges. Binance-owned WazirX, India’s largest crypto bourse, has seen daily sign-ups on its platform jump almost 30% since Feb. 1, when the government unveiled the levy on the transfer of digital assets in its annual budget, said co-founder Nischal Shetty. At rival CoinSwitch, the daily increase was 35%, according to founder Ashish Singhal. While it might seem counterintuitive that a steep tax would cause people to flock to digital tokens, the step was seen as legitimizing an industry that’s been in regulatory limbo amid fierce resistance from India’s central bank. Shetty said he expects some 100 million people in the country to start investing in crypto in the next two to three years.

03.02 / 05:21

Blockchain WazirX WazirX founder launches blockchain called Shardeum

Mumbai: Nischal Shetty, founder of crypto exchange WazirX, has announced a new blockchain called Shardeum that will compete with others such as Ethereum and Solana. This is one of the first layer-one blockchains being built out of India. Shetty said that unlike other blockchains, Shardeum will solve for scalability and expensive transaction costs, while maintaining a high level of decentralisation, which he said was lacking in most blockchains today. “If you are looking at 200 million people today in crypto worldwide, this will go to a billion people in the future. There is no way the existing blockchains will be able to support that. Sharding is a known solution to solve this problem, which is what Shardeum is built on,” he said.

23.12 / 06:51

NFT WazirX WazirX to launch NFTs of rulers of Mysore

WazirX NFT Marketplace said it has collaborated with the current custodian of the Wadiyar dynasty, who ruled from Mysore, and is launching NFTs highlighting the rich heritage, culture and folklore of the region. The first NFT collection is based on the Gandaberunda or Bheru, which is a two-headed bird in Hindu mythology, believed to possess immense magical strength.

18.12 / 05:59

cryptocurrency Crypto Trading WazirX crypto news More women signed up to trade as crypto frenzy shifted to smaller towns: WazirX report

WazirX, one of India largest crypto exchanges, seems to have made the best of it. WazirX witnessed a record trading volume of over $43 billion in 2021, accounting for 1,735 per cent growth from 2020. It also clocked a significant surge in user sign ups, which crossed a user base of 10 million. These findings were part of a survey WazirX conducted to gauge the interest in digital assets among its users. It also analysed the data patterns on its platform.

08.12 / 16:09

UPS Digital WazirX Kotak Mahindra To Partner With Cryptocurrency Exchange WazirX, Account Can Be Used By Investors To Receive And Pay Money For Trading

Kotak Mahindra Bank has opened its doors for cryptocurrency trading

08.12 / 04:45

cryptocurrency WazirX SEBI Expect 100 mn Indians to own cryptocurrencies in 2-3 years: Nischal Shetty

Nischal Shetty, founder at cryptocurrency exchange WazirX. Speaking at a CII virtual event earlier today, Shetty said he sees the cryptocurrency universe in India growing exponentially with more than 1,000 startups working on various technological aspects of the blockchain. India currently has more than 15 million cryptocurrency users in the country holding assets worth more than $6 billion.

07.12 / 08:55

cryptocurrency Robinhood WazirX coinswitch kuber Expect Robinhood clones to rise if India makes crypto an asset class

Mumbai: India could see apps like Robinhood emerge in the next few years if cryptocurrencies are classified as an asset class. Nasdaq-listed Robinhood is a mobile app that allows users to conduct commission-free trades of stocks, exchange-traded funds and cryptocurrencies.

06.12 / 08:36

WazirX Investors Bank Kotak breaks crypto ice with account for WazirX

bank to open its doors to the crypto community. After almost eight months of payment freeze by most high-street banks that continue to shun crypto investors and bourses, Kotak Bank will do business with WazirX, one of the country's largest crypto exchanges.

24.11 / 10:51

cryptocurrency WazirX Cryptocurrency Bill Government's proposed cryptocurrency ban bill sparks meme fest on Twitter

Cryptocurrency investors in India are on panic mode after the Lok Sabha announced on Tuesday that a bill to ban private cryptocurrencies will be introduced in the upcoming winter session of parliament and that the government will create a framework for a central bank-backed digital money.

24.11 / 08:25

cryptocurrency WazirX Bitcoin lawmakers WazirX’s Nischal Shetty: There is panic selling, lawmakers don't want a crypto that competes with rupee

Reacting to the Indian crypto market crash that came in the stride of a the Lok Sabha announcement of introducing a cryptocurrency bill in the upcoming winter session of the Parliament, WazirX founder Nischal Shetty said that a "lot of panic selling ensued overnight".

17.11 / 07:57

WazirX Crypto exchanges crypto ads WazirX, Bitbns hit pause on crypto ads

WazirX and Bitbns have decided to abstain from putting out advertisements, amid discussions of a possible regulatory clampdown of the cryptocurrency sector. To avoid luring users who do not have an understanding of virtual currencies, WazirX has been keeping away from print and television advertisements, founder Nischal Shetty told ET.

29.10 / 10:09

cryptocurrency shiba inu price WazirX Shiba Inu WazirX rides the Shiba Inu wave; records highest daily trading volume

Mumbai: WazirX, India's largest cryptocurrency exchange, recorded its highest daily trading volume of $562 million between Wednesday and Thursday. Meme coin Shiba Inu’s volume alone was about $338 million of the total, the company said.

what you should know about WazirX

What is WazirX and why is it important?

WazirX is a significant category that is in the spotlight. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on WazirX?

All recent news about WazirX can be found in the dedicated section. We publish information in a timely manner.

How can I verify the accuracy of information on WazirX?

We use verified data to ensure that the information about WazirX is reliable and helpful for our readers.