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Namaste Tribe! Last month, we saw Bitcoin rise by over 50% — from $5,700 to $8,500 — and briefly even touch $9,000. What a crazy market movement! It encouraged more traders to dive into crypto, making May a super exciting month for us as well. Let’s hope that this month, BTC crosses $10,000. 🚀
[Ongoing] WRX milestone 1
Reach 50 BTC consistent daily trade volume
What happened last month
[Done] P2P for Indonesia: WazirX P2P has been a game-changer in the Indian crypto space. We launched the world’s first auto-matching P2P system as an alternative to the RBI banking ban, and today, it’s the only preferred way to cash in and cash out of crypto 24×7!
After P2P’s phenomenal success in India, we launched our first international P2P market for Indonesia in May. 🇮🇩 Now Indonesians can deposit and withdraw Indonesian Rupiah on WazirX via P2P for zero fee! I’d also like to add that WazirX P2P is the cheapest, fastest and easiest way to convert fiat to crypto and vice versa.
👉 World’s first auto-matching P2P
👉 Zero fee
👉 Absolutely safe
Go to WazirX P2P here 👇
[Done] Stop Limit: We made Stop Limit order live for TRX/USDT market last week after our QA team gave us a green flag. 🙌 You can now place Stop Limit orders to:
👉 Minimise losses
👉 Protect your profits
👉 Grab a buy opportunity
We have explained how you can do each of the above in details, and you can read it in our blog post👇
[Done] Stop Limit contest: We decided to make using Stop Limit more fun by holding an interesting contest for it. We gave away ₹25,000 worth Tron (10,525 TRX) as bounty. The contest had a fun twist, though — your Stop Limit order should trigger and execute only after 15 minutes. The first 5 people whose stop limit order triggered after 15 mins would win ₹5,000 worth TRX each. Read more about it 👇
[Done] BTT airdrop: We have successfully distributed the monthly BTT airdrop to all the eligible TRX holders for the month of May.
[Done] NPXS airdrop: We successfully credited the NPXS tokens unlocked in April to all the eligible holders. WazirX is an official Pundi X exchange partner, and has the highest liquidity of NPXS in India! Read about the new airdrop method here.
What we’re building
[Ongoing] Stop Limit for more markets: Over the past week, we received a lot of feedback about Stop Limit, and we’ll launch it for more markets very soon. In which market are you most excited to see Stop Limit next? Tell us in the comments, or tweet to us @WazirXIndia.
[Ongoing] P2P for more countries: We want to solve the Fiat <> Crypto conversion for the entire world, and we plan to do it one country at a time. 💪 After India, and Indonesia, we’re ready to take P2P to more countries. We’re launching P2P market in the countries based on the demand, so if you’d like us to launch P2P in your country first, please tweet to us @WazirXIndia.
[Ongoing] Trading reports: Yes, we heard you. We know that tax-returns filing season is around the corner. Don’t worry, we have got you covered, and very soon, you will be able to download your trading report on WazirX. 😎
[Ongoing] More coins: We’re bringing not one, but 5 new coins on WazirX. Any guesses as to what those are? Tell us in the comments below.
Some highlights
May was a great month for us in terms of numbers, and we saw good growth this month. I’m excited to share with you that:
- Our P2P trades have increased by 2x! It means that more and more Indians are jumping on the crypto bandwagon, and #IndiaWantsCrypto. Let’s keep the crypto fire burning, tribe!
- Our trade volume has gone up by over 50% ⚡️
- We made an interesting discovery: 25% of our active traders are international users, yes! This only motivates us to work harder, and make WazirX better for everyone around the world. 💯
- Our Community Support team has finished solving 50,000 emails till now 🙌
Something to add
June is an important month for us. With the G20 Summit around the corner, the member countries including India are preparing their cryptocurrency regulation drafts. Besides, we saw Nirmala Sitharaman take oath as our first full-time woman Finance Minister. Let’s keep our fingers crossed and hope that our government will bring in positive crypto regulations, and remove the bank ban. 🤞
I’ve been tweeting to our government and decision-makers every day for over 200 days requesting them to bring in positive regulations; you can check out my tweets here, and join me in this movement.
Jai Hind 🇮🇳
*Above content is migrated from medium to wazirx blogDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
