### What is WazirX?

WazirX is an Indian cryptocurrency exchange launched in 2018. It is part of the Binance ecosystem and operates with the utility token known as WRX. The platform is designed to facilitate the buying, selling, and trading of cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, among others.

### How does WazirX work?

WazirX operates as a cryptocurrency exchange that allows users to trade digital assets. It incorporates features like instant INR (fiat) deposit and withdrawal options, a Smart Token Fund to connect investors with expert traders, and a P2P engine with high liquidity for seamless transactions. The exchange uses blockchain technology to ensure secure and transparent transactions.

### What are the potential use cases for WazirX?

Potential use cases for WazirX include providing trading fee discounts, handling listing fees for new cryptocurrencies, enabling margin trading, converting crypto dust into WRX tokens, buying NFTs on the WazirX NFT marketplace, and participating in airdrops and rewards. Additionally, WRX tokens offer voting power for token listings and future features.

### What is the history of WazirX?

WazirX was founded by Nischal Shetty, Sameer Mhatre, and Siddharth Menon and launched on March 8, 2018. It introduced India’s first auto-matching P2P engine and was later acquired by Binance in 2019. WazirX has expanded its services to include an NFT marketplace and blockchain education initiatives. Notable milestones include reaching over 2.8 million users and forming strategic partnerships to enhance its offerings.

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