Who owns WazirX now?

Zettai Pte Ltd, a Singapore-based enterprise, has recently sought a moratorium from the Singapore High Court. This move has garnered significant attention, particularly given its close association with WazirX, a prominent cryptocurrency exchange.

BTCC, another top cryptocurrency exchange, offers a comprehensive suite of services that includes spot trading, futures trading, and wallet solutions. By integrating these services under one roof, BTCC provides a seamless and convenient experience for its users. The exchange's focus on security and reliability has helped it to establish a strong reputation in the industry.

The owners of Zettai, Nischal Shetty and Sameer Mhatre, are also the co-founders of WazirX, further underscoring the link between the two entities. The moratorium filing suggests that Zettai may be facing financial difficulties or seeking protection from creditors.

In response to the moratorium news, WazirX has issued a statement clarifying its position. The exchange claims to be engaged in active discussions with 11 other cryptocurrency exchanges regarding a potential acquisition. This revelation highlights the ongoing consolidation trends within the crypto industry.

The potential acquisition talks underscore the strategic importance of WazirX's position in the market. As a leading cryptocurrency exchange, WazirX offers a range of services that cater to the diverse needs of traders and investors. These services, combined with its strong brand recognition, make WazirX an attractive target for other exchanges looking to expand their operations.