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Binance-Owned WazirX Announces DeFi Project With Matic

Amy Liu

Summary: The Mumbai-based crypto exchange WazirX, one of the biggest in India, recently announced it is developing a decentralized finance (DeFi) product in partnership with Matic Network, a blockchain scalability platform.  “The DeFi movement has picked up globally and WazirX plans to make it easy for billions of Indians to participate in the DeFi ecosystem,” WazirX said. ...

The Mumbai-based crypto exchange WazirX, one of the biggest in India, recently announced it is developing a decentralized finance (DeFi) product in partnership with Matic Network, a blockchain scalability platform. 

“The DeFi movement has picked up globally and WazirX plans to make it easy for billions of Indians to participate in the DeFi ecosystem,” WazirX said. The exchange, however, has opted for Matic instead of Ethereum’s network, which is currently dominating the DeFi space. 

WazIrX, which was acquired by the global cryptocurrency exchange and blockchain ecosystem Binance last year, plans to launch the testnet of its Automated market makers(AMM) in September.

By Amy Liu

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