It was Wednesday, January 31st, 2018 when I unveiled WazirX with only one thing in mind — to provide every Indian with a product that surpasses every other global product in terms of quality. It was also the day weintroduced WRX, India’s first token backed by a cryptocurrency exchange, to involve our community while building and growing WazirX.
After furious coding and testing, we finally launched WazirX exchange platform on 8th March 2018 with 3 tokens — Bitcoin, Litecoin, and Dash. We were also the first Indian exchange to be available on Web, Android, and iOS. With almost 80 tokens trading in our markets, and support for Mac and desktop clients, we’ve come a long way. It wouldn’t have been possible without your support, tribe! ?
I remember how shortly after our launch, the Reserve Bank of India put a blanket ban on crypto in India. True to our promise of involving everyone into the blockchain revolution, we innovated hard and launched WazirX P2P with the world’s first auto-matching P2P engine. What a game changer it’s been! Today, due to its unique nature, WazirX P2P is the cheapest, fastest and most-used method to deposit or withdraw Indian Rupees in India.
I love how at WazirX, we’ve always continued to innovate and keep the crypto fire alive in India while we saw most exchanges shut shops or move out. Over the previous 20 months, we’ve brainstormed and introduced iconic features like, Deposit Dhamaka, WRX Mining Rewards, XID, and latest being STF!
All this, and YOU have helped us grow rapidly, and become India’s most trusted and largest cryptocurrency exchange! But we’re just getting started. ?
Millions of people around the world — especially in developing and underdeveloped countries — are facing delays and banking issues with buying or selling of cryptocurrencies with fiat currency. We believe that the next phase of cryptocurrency adoption will happen when the world’s Fiat <> Crypto problem is solved for the masses. We plan to fix this global problem with our one-of-a-kind solution — WazirX P2P! But how?
This cryptocurrency revolution is bigger than any of us, and we’ve decided to do something to make it happen faster. And this, tribe, marks the beginning of the next phase — Phase 2 — of WazirX’s journey!
…To be continued in Part 2.Disclaimer: 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.