One of the largest cryptocurrency exchanges Binance by purchasing local platform WazirX is coming on Indian market with a billion of potential users – bitcoin doubler 2x has found out.
Binance has informed that already since November 25 citizens of India will be able to buy and sell cryptocurrencies for fiat money, including India rupee.
“Creating gateways for cryptocurrency trading remains the key task for Binance and WazirX will help to do this, presenting a simple and understandable way to buy cryptocurrency in the country with a billion inhabitants” – Binance financial director Wei Zhou noted.
Besides, in the first quarter of 2020 WazirX automatic request matching engine will be integrated into the Binance fiat gateway. Then Indians will get access to USDT trade for rupee.
“Demographically India is young, what gives it the privilege in assimilation and usage of new financial technologies. I consider that this factor will play the key part in turning India into global innovative center for blockchain. This will stimulate cryptocurrency usage among the wide public of the state”, – Binance CEO Changpeng Zhao said.
By the way, at the beginning of November, Zhao has claimed that Binance is going to add support of all 180 fiat currencies of the world.