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Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Pagla on December 16, 2021, 01:42:04 PM
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Mumbai-based digital assets exchange WazirX witnessed record-breaking activity this year, as investors from smaller Indian cities joined the crypto bandwagon despite lingering regulatory uncertainty and market volatility.
The Binance-owned entity registered annual trading volume of over $43 billion, marking a stunning 1,735% growth over 2020, according to a report published by the exchange and shared with CoinDesk on Thursday.
“We witnessed over 700% growth in signups from smaller cities like Guwahati, Karnal, Bareilly, among others,” the report titled Highlights and Observations from 2021 The Year of Crypto said. “It shows growing crypto adoption in the semi-urban and rural India.”
While the exchange added more than 200 market pairs, bitcoin remained the most traded cryptocurrency, followed by stablecoin tether and meme tokens DOGE and SHIB, WazirX token (WRX), and scaling solution Polygon’s MATIC.
More Information (https://cryptonews.net/en/news/market/2896113/)