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

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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despite being made aware of the changing terms, Zanmai, the company that operates the WazirX exchange, has not fully withdrawn assets stored in Binance wallets.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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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despite being made aware of the changing terms, Zanmai, the company that operates the WazirX exchange, has not fully withdrawn assets stored in Binance wallets.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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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