New Delhi, March 26, 2019: A crypto platform that refuses to take no for an answer, WazirX has chartered unprecedented growth in the past one year, despite the blanket ban issued by the RBI. As India’s most trusted cryptocurrency exchange, WazirX revealed clocking in over ₹415,00,00,000+ volume in crypto trades in the past one year. In the same time period, the total number of app installations for WazirX has grown to over 75,000.
Post the blanket ban by the RBI, WazirX had taken the P2P route in July, to help Indians continue to be part of global revolution being brought by cryptocurrency. A true testament to the fact that Indians want crypto is highlighted in WazirX clocking in ₹125,00,00,000+ volume of P2P trades.
Commenting on the stellar growth figures, Nischal Shetty, Co-Founder & CEO of WazirX said, “We are extremely humbled and overwhelmed with the way our venture has shaped up in the past one year. Despite the cryptocurrency sector in India enduring a whirlwind, we have been successful in scaling up the venture, clocking in ₹415,00,00,000+ volume in crypto trades. The achievements of the past year only reinstates our faith in the need and demand for crypto in the Indian markets. We are hopeful that the authorities will pay heed to what the nation wants and instead of a blanket ban, work with start-ups like us to better regulate the sector.”
Sharing the expansion plans, Nischal added, “While we would continue to innovate and evolve to better serve our Indian users, we believe the time is ripe for our international expansion. In the next one year, we plan to take our venture to several leading and emerging economies across the globe.”
WazirX has already flagged off its plans for international expansion. The venture has opened registrations for international users from Indonesia, Nigeria, Venezuela, Canada, Russia, UAE, and European countries like Germany, Netherlands, Poland, France, and more.