HomeStartupWazirX Surpasses 1 Billion Users, Welcoming 6 Lakh New Traders in 2023

WazirX Surpasses 1 Billion Users, Welcoming 6 Lakh New Traders in 2023

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WazirX publishes transparency report, provides details of security,  compliance efforts
  1. WazirX, India’s prominent cryptocurrency exchange, achieved a significant milestone by surpassing 1 billion users by November 30th, marking a remarkable year of growth and success.
  2. User demographics revealed that Bitcoin and Shiba Inu remained the most traded tokens, signaling a sustained interest in these cryptocurrencies. The industry is expected to extend beyond speculation, integrating into sectors like supply chain management and healthcare.
  3. The 26-40 age group predominantly constituted the user base, with women accounting for 22% of the total trading volume.
  4. It covered significant global events each month, such as Ethereum futures ETFs application, Bitcoin ETF application, Ripple’s victory over the SEC, and Elon Musk’s influence on the crypto industry.
  5. Foreseeing 2024 as transformative, WazirX anticipates developments in CBDCs, asset tokenization, enhanced Web3 experiences, and the impending Bitcoin halving. The platform commits to providing a secure and user-friendly trading experience for its 15 million user base.

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