Venom Lists on WazirX and CoinDCX, as it Expands Footprint in India

05.07.2024 / Payment system news

Venom Foundation has announced the listing of its token, Venom, on two of India’s leading crypto exchanges, WazirX and CoinDCX. This marks a significant milestone in Venom’s expansion strategy.

The listing brings the token to one of the world’s most populous countries and one of the most receptive towards crypto despite the government’s resistance. Indeed, India has evolved into a vital hub for blockchain and crypto, with some of the most tech-savvy people and a rapidly growing crypto community.

The expansion by Venom is, therefore, a major step towards driving more adoption and reaching more people. 

“We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into the Indian market, with access to over 30 million users, marks a significant milestone for Venom. It underscores our commitment to fostering innovation and adoption in the blockchain space, paving the way for greater engagement and growth in one of the world’s most dynamic crypto markets.” – Louis Tsu, CEO of Venom Foundation said. 

WazirX is India’s largest cryptocurrency exchange, serving over 16 million users. CoinDCX is another major player in the Indian market, serving over 14 million users. Users of both exchanges can start trading $VENOM in USDT and INR pairs immediately.

“VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token,” VP of Marketing at WazirX, Rajagopal Menon, said.

With these listings, Venom Foundation has moved closer to its goal of increasing adoption and expanding its presence in the global crypto landscape. For a layer-0 and layer-1 network, Venom seamlessly integrates with other networks through mesh technology, facilitating inter-chain communication and ensuring speed and scalability.

The network supports unlimited autonomous work chains for user accounts, smart contracts, and dApps. Its rapid finality, comprehensive security, stability, and user-friendly interfaces also make it ideal for hosting CBDCs and large-scale platforms.