Binance, the world’s largest crypto exchange by trading volume, said on Friday it doesn’t own India-based platform WazirX despite disclosing the acquisition two and a half years ago in a move that has baffled industry players, including the Indian firm that insists the purchase did take place.
Changpeng Zhao, founder and chief executive of Binance, said in a series of tweets that the company has been “trying to conclude the deal for the past few years,” but hasn’t completed the transaction yet citing “a few issues” that he declined to elaborate.
Binance announced the acquisition of WazirX in late 2019 in a blog post. The official blog post, which carried a picture of Zhao and WazirX founders, also featured the Binance executive’s en …
