Indian crypto exchange WazirX registers $38-bn trading in a year
- IBEF
- November 15, 2021
Indian crypto exchange WazirX announced that it enabled trading volume worth >US$ 38 billion in the past 12 months, with a month-on-month growth rate of 44%. The platform also witnessed its user base grow ten-fold in 2021 to 10 million.
In addition to the expanding popularity of crypto in India, the platform logged a mammoth 2,648% growth in user signups from Tier-II and Tier-III cities in conjunction with massive adoption by women, notably from tier-2 and -3 cities in India.
WasirX recently launched a non-fungible token (NFT) marketplace, recording NFT sales worth 2,05,126.66 WRX or Rs 2.4 crore (US$ 322,439.57). WRX is the native crypto token floated by the WazirX platform. Its NFT platform has a creator-to-collector ratio of 1:53, with a total of 737 creators and 481 collectors at present.
The global cryptocurrency market had reached the US$ 3 trillion mark for the first time this week, bringing the value of Bitcoin and Ethereum to an all-time high.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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