One’s loss, another’s gain: Indian crypto exchanges race to woo WazirX users as market shakes up

Quick Summary:

While competitors rush in to woo WazirX users in a changing crypto landscape, the crypto exchange—reeling from a $234 million cyberattack—is now focused on one goal: rebuilding from the ground up.

I totally feel the pain of WazirX users and the challenges they are facing.@neerajKh_ and I stand with WazirX hack victims and we commit to do whatever we can in our capacity to help out the impacted users.

On the changing competitive dynamics, Saravanan Pandian, Founder and CEO of crypto exchange KoinBX, says, “Re-opening of WazirX will definitely change the competitive dynamics within the Indian crypto ecosystem.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: IndiaSingapore

Topics: Users Coinswitch Platform Wazirx Coindcx Crypto Indian Market Million Funds Exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 01:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 1245 words

Reading Time: 7 minutes read

Sentences: 55 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 25615097

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 10 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 15 hours ago

Coverage Areas: India

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