India’s largest crypto exchange Wazirx a Binance-owned company launched a feature to allow users to buy cryptocurrencies with a single tap.
The startup said the feature will add the rapid growth and adoption for retail investors, the feature will ease the process of crypto purchase.
Also, the tap-and-buy feature will open the gates for newbies to invest in the crypto market with just Rs 50.
Nischal Shetty, founder and CEO of Wazirx said “ Wazirx aims to achieve the top notch and seamless experience to invest in crypto and make it accessible for Indian customers. Our low spread and highest liquidity in INR coupled with an easy-to-use interface are already unparalleled within the market. With the QuickBuy feature and easy to use interface the startup will further streamline crypto transactions in India, thereby allowing millions of people to participate ”.
The company claims to have doubled its customer base in 2021from 2020. From January 2021 to March 2021 Wazirx’s customer base has increased from 1 million to 2 million. The startup expects to reach 1 Million people in April alone.
WazirX, the largest cryptocurrency exchange in the country, looks to have 10 million users on its platform by the end of the current quarter.
Last year, the platform crossed 3 million users with a monthly trading volume of $2.4 billion.
Earlier this month, the startup launched a non-fungible token (NFT) marketplace.