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changpeng indian wazirx wazirx zhaosinghtechcrunch pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

Is wazirx an Indian exchange?

"Earlier, their Managing Director Nischal Shetty had claimed that WazirX is an Indian Exchange which controls all the crypto-crypto & inr-crypto transactions and only has an IP & preferential agreement with Binance.

What is wazirx & how does it work?

WazirX will assist these budding entrepreneurs in obtaining funding by connecting them with eager venture capitalists. A public spat between global cryptocurrency platform Binance CEO Changpeng Zhao (known as CZ) and WazirX cofounder Nischal Shetty has hit about 15 million of the registered users (as of August) of the Indian crypto exchange.

What's happening with wazirx and Binance?

The crypto community of India finds itself perplexed in the backdrop of an ongoing heated Twitter feud between WazirX co-founder Nischal Shetty and Binance CEO Changpeng Zhao.

Could wazirx be shut down?

Meanwhile, Zanmai Labs, which operates WazirX in India, is exploring the legal route amid an ownership dispute with the world’s largest exchange by volume, according to sources. Zhao tweeted on Saturday that users on WazirX should transfer their funds to Binance, causing widespread panic, investors told ET. “We could shut down WazirX.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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