Binance eyes Indian market with Bitcoin exchange WazirX acquisition

World’s largest cryptocurrency exchange by trade volume Binance has forayed into the fledgling Indian market by acquiring India’s leading Bitcoin exchange platform, WazirX. In a move that is likely to be touted as one of the potential turning points for the Indian cryptocurrency ecosystem, where the obscure cryptocurrency regulations have caused several digital assets exchanges to call it quits and severely dampened the spirits of crypto enthusiasts in the country, this ten million US dollars ($10 million) acquisition is expected to offer a glimpse of hope that India could finally open the doors to cryptocurrencies. Binance comes to India with