Binance merges subsidiary P2P
Binance announced that it will integrate the P2P platform provided by Indian cryptocurrency exchange WazirX, which was acquired last year, with its headquarters, Binance.com. Usage on Binance will start on February 13.
Once the integration is in place, Binance users will be able to transfer funds between Binance and WazirX via their existing Binance account. You can also buy and sell tethers (USDT) on WazirX's P2P platform.
WazirX offers many altcoin transactions like Binance. It also supports P2P transactions with multiple fiat currencies such as the Indian Rupee, the Euro, and the Russian Ruble.
Central bank policy in India does not allow banks to provide bank account services to cryptocurrency exchanges, but WazirX eliminates access to cryptocurrencies by providing P2P merchants with `` Fiat @ crypt '' service It is intended to be.
WazirX recently conducted its own token WRX IEO on Binance's token sales platform.
WRX was listed on Binance on February 5 and rose from the initial 0.02 USDT to 0.165 USDT, a record 725% gain. It is still up 6x (since its listing).