WazirX has delisted three trading pairs from its platform. These three trading pairs are LUNA/INR, LUNA/WRX, and LUNA/USDT. The delisting has been done based on the recent review of these trading pairs.
Users will be able to utilize Binance free transfer to withdraw their LUNA funds. The delisting and ceasing of the three trading pairs went into effect on May 13, 2022, at 9:30 am IST.
It is not the first time that WazirX has reviewed trading pairs. The crypto exchange platform constantly undertakes review activities to ensure that its users are protected. The focus is on seeking if a token meets the industry standards or what changes the industry has gone through over time.
When a discrepancy is found, WazirX conducts an in-depth review to check for the potential delisting of the token.
Factors that WazirX considers to conduct the in-depth review are:-
- Quality and level of development activity
- Kind of commitment displayed by the project team
- Safety and stability of the network against a probable cyber attack
- Trade volume and liquidity level
- Stability of the network and/or smart contract
- Public communication maintained to a decent level
- Fraudulent conduct supported by the evidence
- Responsiveness to the periodic due diligence reports of WazirX
- Level of contribution in making the crypto ecosystem healthier and sustainable
WazirX is headquartered in India, and it was founded in 2018. WRX drives the economy of WazirX by being its native token. Additionally, the crypto exchange platform supports at least 120 cryptocurrencies and more than 250 trading pairs.
Users are required to make a minimum deposit of ₹100 at registration on the official website. WazirX supports eight fiat currencies, including the Indian Rupee, Euro, and Russian Rouble.
The crypto exchange platform can be accessed through the web or mobile applications on iOS, Windows, and Android. Users have an offer to connect with the support service 24/7 through a live chat option. You can find more details about WazirX to learn about the crypto exchange platform.
A list of founders has three names: Sameer Mhatre, Nischal Shetty, and Siddharth Menon. They define WazirX as a perfect platform for professionals and seasoned traders alike, adding that even beginners looking to test the waters in the crypto market could register on the platform.
Credit card deposits are currently prohibited on the platform; however, traders can use their UPI, IMPS, RTGS, and NEFT options to deposit the funds.
Features are what set WazirX apart in the market. These include cross-platform support, trading platform design, investment products & supported cryptocurrencies, advanced trading tools, speed of transactions, customer support, and best-in-class security.
Traders who register on the platform can earn passive income through its referral program, which allows them to earn 50% of the trading fee as a commission for every trade via the referral code.
Source: https://www.cryptonewsz.com/wazirx-delists-and-ceases-trading-of-luna-inr-luna-wrx-and-luna-usdt/