How This 36-Year-Old Coder Built India’s Largest Crypto Trading Exchange

How This 36-Year-Old Coder Built India's Largest Crypto Trading Exchange

Nischal Shetty has made a name for himself in India. In the first half of 2021 alone, his crypto business has grown more than 12 times to become the country’s largest digital currency exchange. And now, he’s set his sights on making WazirX India’s first billion-dollar crypto unicorn. But while Shetty is a tech entrepreneur through and through, the millennial’s foray into cryptocurrency was initially inspired by a rebellion against big tech.

“There’s always a reason why someone gets into crypto,” Shetty told CNBC Make It.

Shetty is the 36-year-old co-founder and CEO of WazirX, a cryptocurrency platform that allows users to buy, sell and trade popular virtual coins such as bitcoin, ethereum, litecoin and Ripple’s XRP.

Started in 2018 alongside co-founders Sameer Mhatre and Siddharth Menon, the company has capitalized on the rising tide of retail traders investing in cryptocurrencies.

Less than two years after launching, it was acquired by Binance, the world’s largest crypto exchange. Then in April, its WRX crypto token temporarily reached a billion-dollar valuation.

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Source: CNBC


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