In March 2024, WazirX’s trading volume soars to above $400 million
The cryptocurrency exchange WazirX had the greatest sign-up rates in December 2023 and the largest trading volume of over $400 million in March 2024. In its sixth Transparency Report, released on Tuesday, WazirX said that trading volume had increased by 217% and the number of new user registrations had increased by 122% during the preceding six months, covering the period from October 2023 to March 2024.
In its report, WazirX said that it has expanded its service to include 30 new trade pairs and 16 new coins. Additionally, the business replied to 1,700 inquiries from domestic and international law enforcement organizations, claiming a 22-minute response time.
“At WazirX, we are dedicated to protecting users while fostering innovation in India’s VDA (virtual digital assets) ecosystem,” said Rajagopal Menon, vice president of the company. We are laying the foundation for legislation that will be favorable and enable the blockchain and cryptocurrency technologies to revolutionize a wide range of industries by proactive cooperation with regulators, law enforcement, trade associations, and other stakeholders.
He went on to say that the exchange would keep putting strong security measures in place, working with legislators to create a suitable legal environment, and encouraging crypto awareness in the months to come.
Indian cryptocurrency exchanges have seen record-high trade volumes and user registrations since the beginning of this year. The recent halving of Bitcoin was a significant development in the cryptocurrency world.
