WazirX, an India based cryptocurrency exchange, today unveiled a new Rapid Listing Initiative to provide its users an expansion of the tokens available to trade on the exchange in a faster manner.
Currently, WazirX is focused on bringing the exchange to more countries, and due to this, the token listing process has taken a backseat.
But now, with the Rapid Listing Initiative, the WazirX team will first list tokens in its trading markets without enabling deposits and withdrawals.
It will ensure that users don’t miss out on opportunities to trade on an expanded list of tokens.
For users on WazirX, it will mean the following:
- Deposits — Users won’t be able to deposit the token from another wallet to their WazirX wallet.
- Trading — Users will be able to buy, sell, trade the token in USDT and BTC markets.
- Withdrawals — Users won’t be able to withdraw the token from the WazirX wallet. Instead, users can sell it on the exchange USDT or BTC market.
“We cannot promise an ETA for the tokens that we list under our Rapid Listing Initiative. We recommend you to only trade in these tokens if your intention is to trade or HODL. If you plan to withdraw these tokens anytime soon, then we recommend not trading in them until we announce the withdrawal feature. We’re inviting everyone who can provide liquidity to contact us. We will provide you with a special deposit address, and it will allow you to sell your tokens on WazirX.”
– Nischal Shetty, CEO, WazirX
Those interested in listing on WazirX can find more information on their new listing form.
WazirX has been working to go international as mentioned above, and is now available for all counties except for the ones listed below:
American Samoa, Angola, Bosnia and Herzegovina, British Indian Ocean Territory, Croatia, Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Ivory Coast, Lebanon, Liberia, Libya, Macedonia, Mali, Montenegro, Netherlands Antilles, North Korea, Rwanda, Serbia, Serbia and Montenegro, Sierra Leone, Slovenia, Somalia, South Africa, South Sudan, Sudan, Svalbard and Jan Mayen, United States, Western Sahara, Yemen, Zimbabwe.