Binance vs WazirX: Indian exchange explains conflict origins
Binance vs WazirX: Indian exchange explains conflict origins
Indian cryptocurrency exchange WazirX published a message on social media, which should clarify the ongoing confrontation with Binance.
The post states that Binance has full control over the WRX token and received all proceeds equivalent to $2 million from the sale of the crypto asset during the IEO.
Binance also manages and controls wallets containing 580.78 million locked and unlocked WRX tokens, WazirX said on its Twitter page.
Hong Kong exchange Binance also oversees the WRX issuance process and is responsible for quarterly token burns, most recently in March 2022.
Not long ago, relations between Binance and WazirX heated up. Binance stopped providing wallet services to WazirX and asked the Indian cryptocurrency exchange to withdraw its assets from Binance wallets.
WazirX was founded in 2018 and focuses on beginner traders. The exchange provides its clients with access to more than 140 assets and ensures high speed for all types of transactions. A convenient branded trading platform with a high level of protection is available for Windows, Mac, iOS, and Android devices.
