WazirX, India’s largest cryptocurrency exchange, has joined forces with Binance, three months ago, to be a part of their greater mission to spread freedom of money.
What happens when millions of Binance users get access to the highly liquid WazirX P2P platform? $WRX $BNB https://t.co/CPdJJfwKf3 — Nischal (WazirX) ⚡️ (@NischalShetty) February 7, 2020
On February 7, it has been reported that with WazirX P2P deeply integrated into Binance fiat gateway, millions of Binance users will be able to buy/sell USDT through their highly liquid P2P engine right from within the Binance platform.
Within 18 months of launch, WazirX has become India’s most trusted and largest exchange, as WazirX P2P has been a tremendous success and helped Indians to onboard their cryptocurrencies.
Nischal Shetty, the CEO of WazirX, said:
“We launched WazirX P2P with the objective of solving the Fiat <> Crypto problem in India. Over time, we’ve realised that the banking problem is not an isolated incident in India. Several countries around the world are facing this issue, and we believe WazirX P2P can help solve this problem in many more countries. With this mission in mind, we started our work on the first step towards this mission. We have been working hard for several weeks to do something that has never been done before.”
He added:
“I’m proud to announce that starting next week, Binance users will be able to transfer funds quickly and instantly between their Binance and WazirX accounts.”
WazirX account 🤝 Binance account
If you don’t have a WazirX account, then you can sign into WazirX with your Binance account. Now, what happens after you integrate the Binance account with WazirX?
This opens up the door for millions of Binance users to use WazirX P2P.
<img width="1024" height="462" src="https://www.cryptonewspoint.com/wp-content/uploads/2020/02/1_T7UGU2rWhUv2RctkRPQOFw-1024x462.png" alt="" class="wp-image-10566 lazyload" />
However, users can also move USDT from their WazirX wallet to the Binance wallet and vice versa internally.
Thus, Shetty concluded that to start with, the team of WazirX will be rolling out this feature for Indian users on Binance. After that, they will start unlocking new countries.
Source: MEdium| WazirX | Binance