Crypto exchange Binance buys Mumbai crypto startup WazirX

Malta-based cryptocurrency exchange and blockchain ecosystem Binance has acquired Mumbai-based cryptocurrency exchange WazirX, reportedly for $5-$10 million. With the acquisition, Binance will start offering the option for users to buy and sell cryptocurrency with Indian rupees (INR), from November 25. Notably, the RBI prohibited Indian banks from crypto-related trading last year.

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