Binance Acquires India’s Leading Digital Asset Platform WazirXIndia: What is Next?

Binance Acquires India’s Leading Digital Asset Platform WazirXIndia: What is Next?

By ModernEuler | Moderncrypto | 21 Nov 2019


As a global cryptocurrency exchange and blockchain ecosystem, Binance should be on the radar of anyone who is interested in cryptocurrency and the digital asset ecosystem. 

After its launch in 2017, Binance climbed the ladder of success incredibly fast, dominating the digital currency trading market since then with Changpeng Zhao, CEO & Founder. The company has been sustaining its leadership in crypto exchange and innovation in the crypto industry. Every day, the team adds new features, expands its operations, etc.

Binance is now one of the best and most highly regarded exchanges 

I am going to provide you with some of the recent news below. 

 

Binance Acquires India’s Leading Digital Asset Platform WazirX to Launch Multiple Fiat-to-Crypto Gateways

WazirX ile ilgili görsel sonucu

Binance, today announced its acquisition of WazirX, India's most trusted bitcoin exchange. 

 

According to Binance, users on Binance.com will be able to directly place orders on Binance.com and the Binance iOS or Android app to purchase Tether (USDT) against INR. This integration will allow users to trade any digital asset available on Binance.com with the purchase of USDT from the WazirX digital asset marketplace. 

Binance Announces Fiat-to-Crypto Gateway for Turkey in Partnership with Local Partner Papara

Binance has recently partnered with Turkey-based Papara, a regulated and secure payments provider, to integrate its banking solution, to allow Turkihsh users to purchase BNB, BTC, ETH and XRP with TRY.

Users can now directly deposit TRY through Papara after a KYC process to buy crypto instantly with their TRY balance from the exchange. Additional functionalities and features will be announced later.

 

Binance launched Binance US as a part of a global expansion

Binance expanded its US services with the lunch of Binance US september this year. Binance.US operation is increasing volumes. According to the exchange’s CEO, Catherine Coley, Binance US has processed $759 million in trades in its first 50 days.

 

Binance and Ukraine Cooperates on Cryptocurrency Implementation

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Binance and the Ministry of Digital Transformation of Ukraine on November 6 announced a signed memorandum of understanding (MoU) to jointly cooperate on forming a position in establishing the potential legal status of virtual assets and currencies in the country.

Binance will also help develop transparent and effective mechanisms for the transfer of rights to any virtual assets or currencies using blockchain technology as well as beneficial conditions for investments and business in Ukraine.

 

Binance has succeeded in two years to become the largest cryptocurrency exchange in the world with its focus on innovation. Binance is now shaping the market of digital currency trade with expanding its operations globally both in the US, in Europe, and now India. 

 

Sign up to Binance Exchange: www.binance.com

 

Thanks for reading. I hope you’ve found it helpful.

 

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ModernEuler
ModernEuler

A crypto and blockchain enthusiast and blogger. Writing about Crypto and trading since 2017. I cover the topics including crypto news, trading suggestions, chart analysis, etc. Follow me on Twitter @cryprostream


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