WazirX Announced Hive Crypto Token Availability On Their Platform

Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • WazirX, India’s most trusted crypto exchange unveiled on April 28, 2020 about the availability of HIVE tokens on its platform.
  • However, Hive trading has been started on WazirX without the enablement of deposits and withdrawals.
  • Nonetheless, WazirX brings to attention that it will enable deposits and withdrawal of the HIVE on its platform shortly.

WazirX, India’s most trusted crypto exchange unveiled on April 28, 2020, about the availability of HIVE tokens on their platform. The token will be available for trading against USDT at first. India’s largest trading crypto exchange has also completed the distribution of HIVE Tokens to STEEM holders.

Hive, an open-source blockchain owns a diverse stakeholder community. This very fact will enable individuals to witness true ownership in a decentralized cryptocurrency. Besides generating long term shareholder value, it provisions a pure blockchain investment for the capital markets.

WazirX to enable users to deposit and withdraw HIVE a little later 

However,  WazirX has started the HIVE trading on its platform without the enablement of deposits and withdrawals. This signifies that depositing HIVE from other wallets to WazirX or withdrawing it from one’s own wallet is not possible. But users can perform trading by buying or selling the token in the USDT market. Nonetheless, exchange brings to attention that it will enable deposits and withdrawal of the tokens on its platform shortly.

WazirX team has been acquired by the world’s largest crypto exchange, Binance. They joined the Binance foundation to play a role in its mission to spread freedom of money. It became the largest crypto trading platform in India with its continued growth in popularity. Their team consists of people who are all blockchain fascinators. This platform showcases a simple and effective design. 

The future of crypto enterprises like WazirX seems to hold great potential. Not only because of its design and popularity but the fact that India’s administration is slowly releasing its restrictions on the crypto industry. A lot of expectations lie on the major crypto companies like these to bring more enhanced global projects to the table.

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