Home News PODCAST India Cryptocurrency History Made: Binance Acquires P2P Exchange WazirX

PODCAST India Cryptocurrency History Made: Binance Acquires P2P Exchange WazirX

TL;DR: Binance is arguably the most important cryptocurrency exchange in the world. Its penetration into the 1.3 billion population market of India, by acquiring peer-to-peer exchange WazirX recently, is yet more evidence Binance is settling for nothing less than global dominance. Straight from Mumbai, India, we chat with WazirX founder and CEO Nischal Shetty about what it means for his company and India. This episode is available embedded in the article below, and on iTunesSpotifyGoogle PodcastsStitcherRadio PublicBreakerPocketCastsPodBeanYouTube for Newer EpisodesYouTube Older Episodes, and Overcast

Binance Acquires P2P Exchange WazirX

When Mumbai, India-based P2P cryptocurrency exchange WazirX launched March 2018, the country’s central bank decided to crack down with banking restrictions for crypto-related businesses. That meant the young company had to pivot, and fast. They did, and provided value for an Indian street eager to participate in the online financial revolution that is cryptocurrency.

WazirX founder and CEO Nischal Shetty learned first hand about the importance of regulatory clarity along the way. India’s government has to make policy for 1.3 billion people, no small task, and so it’s not controversial to expect that process to be clunky at best. Shetty remains positive, however, and puts himself out there publicly as an advocate for clear, sensible governance regarding what he considers a transformative tech.

Binance
Nischal Shetty, founder and CEO of WazirX

That sobriety and can-do spirit caught the eye of Binance, arguably the most important cryptocurrency exchange in the world. It too, in only a short time, has become a force, innovating, growing in ways even its critics cannot deny. And so it recently acquired WazirX, keeping the name, reputation, and the exchange’s CEO in place.

That’s a historic first for India and its cryptocurrency scene. Needless to write, onboarding more Indians, part of the globe’s largest democracy, who’re increasingly more tech-savvy by the day, and, well, the math is there. We chat with Shetty about being acquired, what it means, crypto in India, and the future.

LINKS

LISTEN

BinanceCONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.

DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.