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WazirX caught in a tempest and DoorDash vs Zomato
The crypto exchange’s founders seem to be on the way out; the two food delivery companies show divergent realities.
18 February, 2022•9 min
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18 February, 2022•9 min
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Editor's note: Akanksha here. Moneycontrol reported on Wednesday that two co-founders of the Indian cryptocurrency exchange WazirX, Nischal Shetty and Siddharth Menon, had stepped away from their roles at the helm of the company. From the report: One of the persons cited above said global cryptocurrency exchange Binance, which acquired WazirX in 2019, may look at setting up a management team to oversee its operations as the competition landscape among the crypto exchanges in India has intensified in the last year with crypto adoption growing significantly. WazirX's rivals in India include Coinswitch, CoinDCX, Unocoin, Zebpay, and Bitbns, among others. • Shetty has come out and denied any news suggesting that he is leaving WazirX. In a statement on Twitter, he says that the community would be the first to know about such a move. Just the suggestion that Shetty and Menon were stepping back sent shockwaves across the WazirX community. Some wondered whether WazirX would be rebranded Binance India; Cayman Islands-registered Binance is the world’s largest crypto exchange, and had in 2019 acquired the Indian company. WazirX’s WRX crypto token dropped nearly …
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