Binance Brings New OTC Options to Indian Market

Binance has acquired the WazirX exchange, one of the best-known (BTC) markets in India. The highly restrictive country is still a hotbed of crypto activity.

The acquisition will expand the Binance Fiat Gateway, a series of localized services for OTC trades. Recent expansion saw Binance offer the service for Chinese and Russian customers, as well as expanding to Nigeria.

“The young demographic in India give an edge to adopt and build on new financial technologies, and I believe this will play a vital role in making India a global blockchain innovation center to also spur cryptocurrency adoption throughout the larger public in the country,” said Changpeng “CZ” Zhao, Binance CEO.

This article appeared first on Cryptovest

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