Reopening of Crypto Trading Services by WazirX: A New Chapter or a Repeat of Past Mistakes?

WazirX Announces the Re-Opening of Crypto Trading Services!

In a sudden and unexpected turn of events, WazirX has announced that it is ready to re-open its crypto trading services. This move comes after a significant surge in the value of holding funds belonging to the platform’s customers.

As previously reported, WazirX faced a major hacking incident over four months ago, resulting in the loss of nearly half of the customer’s funds. In the wake of this incident, the exchange has been unavailable for trading purposes.

According to recent reports, WazirX will be using the surplus value from the holding funds to purchase RTs (Restricted Tokens), which are expected to provide price stability to the token value. This move is seen as a step in the right direction by many in the crypto community who have been eagerly awaiting the exchange’s return.

However, this announcement has also been met with criticism and skepticism from some quarters. In related news, Binance, one of the largest cryptocurrency exchanges in the world, has announced that it will be delisting WazirX’s native token, $WRX.

Binance’s decision to delist $WRX comes as a shock to many in the crypto community, with some criticizing the move as an example of hypocrisy. Many have pointed out that Binance had profited from WazirX’s success before choosing to abandon it when things took a turn for the worse.

As WazirX prepares to re-open its trading services, many are left wondering what the future holds for this exchange and its users. Will the platform be able to regain the trust of its customers? Only time will tell.

Please stay tuned for further updates on this developing story.

Disclaimer: The views expressed in this article are not investment advice.

Source: bitcoinik.com