WazirX update: WRX Live price, price chart, news and markets

The WRX price update as of now is $0.06908. In the previous 24 hours, its trading volume was $27,298,726, and its value has decreased by -1.04%. As of now, WRX's live market cap is $28,955,308, and it is ranked as the #677 on the Coincu. WRX has a circulating supply of 962,646,669 and a maximum supply of 962,646,669.

What is WazirX?

WazirX is a centralized cryptocurrency exchange (CEX) that was established in March 2018 in the Indian market. The project has set its sights on becoming one of India's leading crypto exchanges, leveraging its vast population and abundant developmental opportunities.

In February 2020, WazirX successfully conducted an Initial Exchange Offering (IEO) on Binance Launchpad, raising $2M.

The Challenges WazirX Addresses

For users in underdeveloped and developing countries, WazirX aims to overcome the significant barriers they encounter when entering the crypto space. These barriers include regulatory instability, banking delays, and other obstacles associated with buying and selling cryptocurrency with fiat currencies.

Here are some of the key issues that persist in cryptocurrency and fiat trading:

• High costs: Crypto and fiat deposit/withdrawal fees can be excessively high, particularly for small quantities and limited exchanges.
• Inefficient processing time: Withdrawals may take 2-5 days to process, leading to delays in resolving pending requests.
• Lack of safety and security: Users often feel insecure due to the absence of adequate safety and security measures when holding cryptocurrency and fiat currency.

WazirX's Solution

WazirX offers a secure cryptocurrency exchange platform that specifically caters to the Indian market, which boasts a population of approximately 1.3 billion people. The exchange enables users to deposit/withdraw coins and fiat currencies quickly and easily using USDT on a peer-to-peer basis with Indian Rupees (INR). Moreover, WazirX provides safe storage for digital assets through its wallets.

Key features of the WazirX exchange include:

• Automatic and instant matching: The platform's operating mechanism ensures the smooth and swift processing of users' transactions, thereby enhancing the overall user experience.
• Cost-effectiveness: WazirX offers more competitive pricing compared to other exchanges in the market.
• 24/7 operation: WazirX provides round-the-clock support and assistance to its users, ensuring ready access to help whenever needed.
• Strong support for P2P: WazirX places emphasis on developing peer-to-peer networks to attract investors and users.
• No fiat storage: WazirX eliminates the need for fiat currency storage, making it more convenient for traders to exchange between cryptocurrencies and fiat currencies.

The WazirX Roadmap

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