Binance Wazir integration on 13 February

On 13 February, Malta-based exchange Binance will be integrating India’s WazirX’s P2P trading platform into its own system as part of its next phase of development.

According to the exchange, through this integration process, Binance users would be instantly able to transfer funds between Binance and WazirX accounts and users would be enabled access to WazirX directly from their existing Binance accounts.

Binance users will also be able to both buy and sell USDT via WazirX’s P2P trading platform directly on Binance.

The announcement was welcomed by WazirX CEO Nischal Shetty who tweeted that this development is yet “another step forward in solving the Fiat <> Crypto problem globally.”

This development follows the latest Supreme Court hearing on the “Crypto v. RBI” case. India’s central bank, the Reserve Bank of India, had according to many, failed to provide any substantial study or document arguing a strong case to ban cryptocurrencies in the country.

The growing integration between Binance and WazirX is likely to promote a positive wave of crypto-regulations for the next few years in India.

Subscribe

Related articles

Motoko DAO heats up with summer staking surge

Motoko DAO is rolling out a two-month staking campaign...

New tool makes Web3 app testing easier

A new tool called ic-test has been released, aiming...

NNS Governance API Adds Multi-Topic Follow Feature

Developers and neuron holders using the NNS Governance API...

Dmail Brings Web3 Messaging Directly into MetaMask

Dmail has announced its integration with MetaMask Snap, giving...

LEAVE A REPLY

Please enter your comment!
Please enter your name here