Binance first-largest trading exchange bought the Indian WazirX exchange
The amount of the transaction was not disclosed. According to media reports, it is in the range of $ 5-10 million.
The acquisition will allow Indians to buy and sell cryptocurrencies for Indian Rupees (INR) through Binance, starting November 25.
In the first quarter of 2020, the WazirX matching mechanism is integrated into the fiat gateway. This will enable users to buy USDT for INR, and then exchange stablecoin for any assets available on Binance.com
Recall, CEO Binance Changpeng Zhao called his main task the integration of the remaining 180 fiat currencies of the world in the trading platform of the exchange.