With over 400,000 users and an average app rating of 4.6, WazirX, a cryptocurrency exchange that was launched in 2018, claims to be India's fastest growing exchange. A component of the Binance ecosystem is WazirX. 'Blockchain For India', a $50 million USD fund, has been launched by WazirX and Binance.
The WazirX utility token is called WRX. Based on the Binance blockchain, WRX token. One billion units are available overall. On the trading exchange, token holders will receive a variety of rewards, including trading fee reductions, WRX trade mining, token airdrops, margin fees, and more. Indian businesspeople with more than 10 years of experience developing and scaling international products are the backers of WRX and WRX. Binance also purchased WazirX in November 2019. WazirX wants to open up cryptocurrency to everyone in India.