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Trading Week 3 update: Zero Fee trading + WazirX Ticker bot + Ethereum integration

By April 2, 20184 minute read

Namaste Tribe! We launched XRP trading on WazirX last week and every one of you has been loving it! We’re working hard on bringing more coins and expect new coin announcements soon!

I had spoken about two major milestone announcements last week. While we hit the milestones, we were busy with polishing our XRP integration and hence did not find the time to announce it! We’ll announce them this week. You’ll be proud to be a part of this tribe.

Zero Fee Trading Extended: There’s no trading fee till April 8th, 2018 on any buy or sell. Trade on!

WazirX Ticker Bot: Surprise! We’ve been testing the WazirX ticker bot and we love it. You can try it out here —

What happened last week

  1. [Done] Instant INR Withdrawals: Done, done and done! We’re now the only crypto exchange in India that offer both -> Instant INR withdrawals and Free instant INR deposits.
  2. [Done] XRP Listing: We successfully listed XRP. We had a great opening and it has helped us increase our daily trading volumes.

What we’re building this week

  1. Ethereum Integration: We’re currently working on integrating the Ethereum Blockchain. Once we finish this integration, we’ll be able to list any ERC20 token that you want. We’ll need more than a week to finish. Tentatively, ERC20 tokens will start listing on WazirX from next week.
  2. Maker — Taker Model: We’ll announce our trading fees and our fee structure tentatively this week. I’ll blog about it and the reasons behind bringing in the Maker Taker model.
  3. [Ongoing] Reducing BTC withdrawal fees: We couldn’t find time to work on this last week. We’ll get it done this week. Expect an announcement soon!
  4. [Ongoing] Android and iOS order book indicator: We’re almost done with this. The team is rolling out app updates as I write this blog post. I think they’re having dinner, can’t find them around. They should push this update once they’re back. It’s good to have them publish updates with their stomach full I guess.
  5. Themes: We’re bringing in dark mode to our Android and iOS apps. It should launch by the end of this week! I’m using it already and I absolutely love the dark mode that the team has built. It’s delicious and I’m sure you’ll love it too.
  6. Notifications: We’re working on notifications for order completion as well as price alerts. We may not be able to complete it this week so tentatively, we should be able to launch this next week. Price alerts will help you jump in and trade whenever a price you’re interested in triggers.

WRX Update

I’ve been keeping you updated on WRX in every blog post. While we’re not going to start work on WRX integration this week, we’ll be picking up the work from next week if we’re able to get done with all the work that we have planned for this week. Our first step would be to display your WRX balance within WazirX.

It is my responsibility to make sure that WRX grows and gets a great adoption across India and eventually around the world. Great things take time and planning. We’re all in this together and I’m sure, together, as a tribe, we’ll be able to take WRX to the moon! Great things come to those who’re patient.

In the meanwhile, do invite all your friends and keep accumulating more WRX coins. Hard work is the only way to earn WRX and may the most hardworking tribe members win!

Some achievements last week

  1. ​Highest volume day: We’ve yet again beat our previous high of Rs. 25 Lakhs. This week we had our highest trade volume of about Rs. 40 Lakhs. Our first target is to have a 24 hour high of Rs. 1 Crore. We’re confident we’ll reach there soon with your help.
  2. Total trades in week 3 increased by 50% compared to week 2!
  3. Average app rating increased from 3.84 to 4.32!
  4. We crossed 16,000 members on our telegram announcement channel

We’ve been getting amazing reviews from our tribe about the trading experience on WazirX and that keeps us motivated to build a better trading experience for you every day. Our volumes have been growing week on week and we will continue to do that.

Remember, we’re just 3 weeks old and yet have a power packed set of features built, WazirX is available on all three platforms, we have started launching new coins and we are India’s first and only exchange that has been involving it’s tribe members in it’s success by giving away WRX to those who help us grow.

We’ll be bringing in more ways for you to earn WRX so that you can be a part of our success. Let’s win together!

Jai Hind!

Nischal Shetty, CEO — WazirX. On a mission to involve every Indian in the blockchain revolution! Follow me on Twitter
*Above content is migrated from medium to wazirx blog
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.
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