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Posts tagged as “WazirX”

Review: FTX Derivatives Exchange – Most Innovative Trading Platform

FTX Crypto Derivatives Exchange just turned One Year old. Their native token FTT is now trading on India’s WazirX exchange, and WazirX’s WRX token is now available on FTX exchange. What does that mean for Indian users? What products does FTX offer and is it worth trading on? Let us find out. The Beginning FTX exchange launched in May 2019, with the idea of an exchange “By the traders, for…

Event: Impact of Coronavirus Pandemic on Crypto Industry, Thursday April 23

The next event by TradeFest 2020 is an online panel discussion on what is the impact of Covid19 on the crypto industry, whether it is a threat or a blessing! TradeFest has conducted several events since its inception in 2018, in a bid to educate and bring the crypto community together. It is organised by Koinfox Trading Platform and have been conducted not just in India but also in other…

Indian Bitcoin Trading Volumes Accelerate post SC Judgment on Local and International Exchanges

Most local exchanges have fully functional INR markets but haven’t toppled the volumes of international Peer to Peer Exchanges like Paxful and LBC. Infact there is a sizeable increase in Volumes on P2P exchanges as well. It is close to a month since the honourable Supreme Court of India quashed Reserve Bank of India’s “Banking Ban” that prohibited Banking support to exchanges. Many exchanges rushed to on-ramp INR deposits and…

Indian Crypto Exchange Withdrawal Fee – May 2018 Vs Apr 2020

BTC Withdrawal fee remains almost similar, yet ETH withdrawal fees are up 3-10x. Back in May 2018, none of the Indian Exchanges actually had USDT or any stable coin listed on their exchanges. For those of you who follow me on twitter, know that I worked 22 hours to prepare a Google Sheet with Crypto Withdrawal Fees on Indian Exchanges. It would have taken me just 4-5 hours to copy…

A Critical look at WazirX’s Smart Token Fund (STF)

I spent a few hours explaining WazirX’s STF to some disgruntled users who called it a scam and were banned by WazirX’s CEO Nischal Shetty on social media channels. But as it always is, I gave up explaining it to them because there was no winning in that argument. I blame it on Confirmation Bias. “Confirmation bias is the tendency to give more weight to evidence that confirms our beliefs…

WazirX Users Can Launch Mutual Fund style ‘Crypto Funds’ called STF, Manage Portfolio for other users

One of India’s largest Cryptocurrency Exchange WazirX announced the launch of STF – Smart Token Funds earlier today. WazirX users will be able to create Mutual-Fund style funds with Crypto assets, which other users can then invest in. WazirX exchange will soon launch a “Smart Token Fund” abbreviated as STF on its platform. It was announced by the CEO and co-founder of the exchange Nischal Shetty on Wednesday via twitter.…

Take Note: Major Exchanges are Now Moving USDT from Omni to ERC20

Major crypto exchange Binance will move from USDT Omni to USDT ERC20 on Thursday, so is WazirX. Other Indian exchanges like Bitbns, CoinDCX, Instashift will follow suit. In an official announcement, to make the switch, Binance says that there is a 30-minute downtime planned for USDT withdrawals and deposits on July 4, beginning at 13:30 IST. After the switch, users will not be allowed to withdraw USDT Omni, however users…

Koinex Users sent 36 Lakh XRP to Binance, 15 lakh to Bitbns & 10 lakh to WazirX after Shut Down

It has been over 5 days since India’s largest Cryptocurrency exchange Koinex shut down. Users have been moving their funds to different exchanges. We followed the outgoing transactions on XRP and XLM Ledger Following the trail of XRP XRP is undoubtedly one of the easiest cryptocurrency asset to track. All exchanges have one or two addresses and all the users of the exchanges have unique tags. That makes tracking the…

WazirX expands to Indonesia, eyes multiple International markets

One of India’s leading crypto exchange WazirX launched their automated P2P platform in the Indonesian market two weeks ago. This is in line with their plans of international expansion with multiple countries on the horizon. “We are launching in Russia and Ukraine next”, said Nischal Shetty, WazirX’s founder/CEO, who is one of the most prominent crypto evangelists in India. WazirX operates on an automated P2P model, an innovation on the…

WazirX Order books Lost Liquidity as Binance went into Maintenance

WazirX is reported to clock ~50 BTC volume as per Coinmarketcap We compared WazirX order books during and after Binance Maintenance. An increase of 800% in liquidity was observed in WazirX’s BTC-USDT and ETH-USDT order books after Binance Maintenance was over. I often receive tips from concerned users about exchanges faking volume, wash trading or manipulating prices. Now, I get angry mails from anonymous users like this one. Regardless of…