Indian crypto exchange WazirX registers $38-bn trading in a year

The platform currently has 10 mn users, expanding its user base by 10 times in 2021

Indian crypto exchange WazirX on Friday said that it facilitated trading volume worth over $38 billion in the past 12 months, with a month-on-month growth rate of 44 per cent. The platform also saw its user base grow ten-fold in 2021 to 10 million

With the growing popularity of crypto in India, the platform recorded a whopping 2,648 per cent growth in user signups from Tier-II and Tier-III cities along with massive adoption by women, especially from tier-2 and -3 cities in India.  

The company recently launched a non-fungible token (NFT) marketplace, recording NFT sales worth 2,05,126.66 WRX or Rs 2.4 crore. WRX is the native crypto token floated by the WazirX platform. Its NFT platform has a creator-to-collector ratio of 1:53, with a total of 737 creators and 481 collectors at present.  
 

The global cryptocurrency market had hit the $3 trillion mark for the first time this week, taking the value of Bitcoin and Ethereum to an all-time high.