Wazir's Ascension To the Emperor: WazirX Acquired by Binance

Amidst the news of no movement in Indian crypto bill in the Parliament and regular adjournments of RBI crypto ban case in Supreme Court, here comes some amazing news in the Indian crypto industry.

Global leader in Crypto industry Binance crypto-exchange today announced its acquisition of the leading Indian crypto exchange WazirX.

With this, WazirX's innovative p2p match-making engine will be integrated into the Binance Fiat Gateway platform so that it can make fiat to crypto conversion for all the world easier.

This is the first instance of some international crypto exchange acquiring an Indian crypto-exchange and that too amidst prevailing regulatory uncertainties in the country. This is a very courageous move by Binance.

With this move, the hashtag campaign of #IndiaWantsCrypto on twitter (which was initiated by WazirX founder Nischal Shetty) is set to get a backing and boost from Binance too.

From 25th November, people from India will be able to buy and sell cryptocurrencies in Indian Rupee through Binance Fiat Gateway.

This will make STEEM-INR-STEEM conversions very easier now as STEEM wasn't listed on WazirX until now.

It's a proud moment for India as its technology is going to contribute in the international crypto market for easy fiat to crypto conversions.

Nischal Shetty will retain the CEO, India position. Also WazirX coin WRX project isn't being abandoned and an ICO or an IEO for it may be planned next year.

I'm excited guys. How about you?