Does Binance own WazirX?

Does Binance own WazirX?

Answer:
In 2019, Binance announced the acquisition of WazirX’s certain IP and technology assets to enable fiat-to-crypto gateways. However, Binance clarified in 2022 that it does not own equity in WazirX’s parent company Zanmai Labs. Therefore, Binance and WazirX are integrated partners, but WazirX operates independently.

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