Crypto exchange WazirX witnesses record trading volume of over $43 bn in 2021; up 1,735% growth from 2020

Crypto exchange WazirX witnesses record trading volume of over $43 bn in 2021; up 1,735% growth from 2020

FPJ Web DeskUpdated: Thursday, December 16, 2021, 08:38 PM IST
article-image
Bitcoin, Tether, Shiba Inu, Dogecoin, WazirX Token, and Matic emerged as the most-traded cryptocurrency on the exchange./ Representative Image | Photo: Pexels

Crypto exchange WazirX witnessed a record trading volume of over $43 billion in 2021 accounting for 1,735% growth from 2020, according to a report published by the exchange on Thursday, news agency ANI reported.

The report called “Highlights & Observations From 2021: The Year Of Crypto”, added that WazirX clocked a user base of over 10 million.

Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), WazirX Token (WRX), and Matic (MATIC) emerged as the most-traded cryptocurrency on the exchange. “We witnessed over 700% growth in signups from smaller cities like Guwahati, Karnal, Bareilly, among others,” the report titled Highlights and Observations from 2021 The Year of Crypto said. “It shows growing crypto adoption in the semi-urban and rural India," as reported by MoneyControl.

As per the survey, 51 percent of survey respondents admitted to entering crypto-based recommendations from friends and family first. In the survey, 44 percent of respondents shared that crypto comprises up to 10 percent of their overall investment portfolio.

RECENT STORIES

The Bell Tolls For Thee! Monetary Policy Rates Hold The Key

The Bell Tolls For Thee! Monetary Policy Rates Hold The Key

Titan Sees 20% Revenue Growth In April-June Despite Softening Of Purchase In Jewellery Division

Titan Sees 20% Revenue Growth In April-June Despite Softening Of Purchase In Jewellery Division

Anthem Biosciences To Launch ₹3,395 Crore IPO On July 14, Offer-For-Sale To Close On July 16

Anthem Biosciences To Launch ₹3,395 Crore IPO On July 14, Offer-For-Sale To Close On July 16

Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury...

Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury...

Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session

Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session