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Crypto exchange WazirX faces outage- Currently, the crashes got fixed

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Vandana Mrigwani Follow

INDIA

Apr, 08 2021

Apr, 08 2021

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 CEO Nischal Shetty and WazirX Founder said in a sequence of tweets that investor money, Bitcoin, and wallets are harmless and that the issue has now been determined after crashing formally on Sunday. 

 

One of India’s major cryptocurrency exchanges, WazirX, faced an outage late Sunday night. The Binance possessed exchange’s founder and CEO, Nischal Shetty took to Twitter to relieve fears among investors saying that their wallets and money was safe and that the exchange was observing to fix the difficulty as soon as possible. WazirX is one of the many cryptocurrency exchanges investors use to trade in Bitcoin, Ethereum, and even the talk’s tokens WRX. 

 

This crash came just presently after the Indian cryptocurrency exchange WazirX had intersected $200 million in daily trading volume. It was launched in March 2018 and had also presented its tokens, which had developed 145 per cent in just one day. This is the uppermost trading volume by any crypto exchange in the Indian market, interpretation to the company, within the regulatory doubt over the use and acceptance of cryptos by businesses and individuals in the country. 

 

Crypto exchange WazirX faces outage, crashes later all-time high trading volumes – now fixed

 

FE CFO Awards 2020- India’s UPI is improved for transactions than cryptocurrency. Elon Musk TeslaElon Musk’s Tesla share worth could increase over three times to $3,000 by 2025, stated by Cathie Wood’s ARK. 

 

As per CoinMarketCapWazirX was the 27th top crypto exchange internationally founded on traffic, liquidity, trading volumes, and sureness in the legitimacy of trading volumes. Its 24-hour trading volume stood at $218 million with 137 coins obtainable for trading to customers. 

 

The outage had WazirX trending on Twitter, with investors facing stays in transactions going through or trades not shiny on the exchange. Shetty said that the subject would be fixed as well. 

 


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Vandana Mrigwani

CBW - External Analyst

INDIA

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