common-close-0
BYDFi
Trade wherever you are!

When did Binance acquire a digital currency exchange?

avatarLauritsen CraftDec 28, 2021 · 3 years ago3 answers

Can you provide more information about the acquisition of a digital currency exchange by Binance? When did it happen and which exchange did Binance acquire?

When did Binance acquire a digital currency exchange?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Binance acquired the digital currency exchange in 2019. The exchange they acquired was WazirX, which is one of the leading cryptocurrency exchanges in India. This acquisition allowed Binance to expand its presence in the Indian market and provide more trading options for Indian users. It was a strategic move by Binance to tap into the growing crypto market in India.
  • avatarDec 28, 2021 · 3 years ago
    The acquisition of a digital currency exchange by Binance took place in 2019. Binance acquired the exchange to further strengthen its position in the cryptocurrency market. The specific exchange that was acquired has not been disclosed publicly. However, this acquisition was part of Binance's strategy to expand its global reach and offer a wider range of trading options to its users.
  • avatarDec 28, 2021 · 3 years ago
    Binance acquired a digital currency exchange in 2019. This acquisition was a significant milestone for Binance as it allowed them to enter the Indian market. The exchange they acquired was WazirX, which is now integrated with Binance. WazirX is known for its user-friendly interface and strong security measures. This acquisition has benefited both Binance and WazirX, as it has opened up new opportunities for growth and expansion in the cryptocurrency industry.