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WazirX to launch decentralised exchange next month

WazirX to launch decentralised exchange next month SECTIONS Share ETtech WazirX cofounder Nischal Shetty India’s largest cryptocurrency exchange by volume, WazirX, is on an advanced stage to launch a decentralised exchange of its own, cofounder Nischal Shetty said. Unlike a centralised setup, where an exchange is the custodian of a customer’s cryptocurrency and controls who can or cannot open an account on it, a decentralised exchange operates without an intermediary organisation for clearing transactions. The trades are executed on self-executing smart contracts. It is like building software where peer-to-peer crypto trades can be facilitated, Shetty told ET. The decentralised exchange is currently undergoing tests and will be launched next month.

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