WazirX, one of India’s biggest cryptocurrency exchanges, is in a fix following an ownership row with US-based trading platform Binance, seemingly set off by a money-laundering probe in India. On June. 5, Binance CEO Changpeng Zhao said his company didn’t hold any stake in WazirX’s parent entity Zanmai Labs. The world’s largest cryptocurrency exchange by volume, he said, only provided wallet services to WazirX as ‘a technical solution.’This contradicted a November 2019 blog post, in which Binance said it had ‘acquired’ WazirX.
