Binance to no longer provide its wallet and other tech services to WazirX

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Binance to no longer provide its wallet and other tech services to WazirX

Binance will no longer provide its wallet and other tech services to WazirX, escalating tensions with the Indian crypto exchange it once sought to acquire.

The world’s largest crypto exchange warned on Friday that despite being made aware of the changing terms, Zanmai, the company that operates the WazirX exchange, has not fully withdrawn assets stored in Binance wallets. The event has escalated due to Zanmai’s refusal to retract false narratives about its relationship with the larger firm, according to Binance. Binance shocked many in the cryptocurrency community last August when it revealed that it does not own the India-based platform WazirX, despite the two disclosing an acquisition years before.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Binance will no longer provide its wallet and other tech services to WazirX, escalating tensions with the Indian crypto exchange it once sought to acquire.

The world’s largest crypto exchange warned on Friday that despite being made aware of the changing terms, Zanmai, the company that operates the WazirX exchange, has not fully withdrawn assets stored in Binance wallets. The event has escalated due to Zanmai’s refusal to retract false narratives about its relationship with the larger firm, according to Binance. Binance shocked many in the cryptocurrency community last August when it revealed that it does not own the India-based platform WazirX, despite the two disclosing an acquisition years before.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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