Venom Expands into India with Dual Listings on WazirX and CoinDCX

Global, July 4th, 2024 – Chainwire

The Venom Foundation is excited to announce a significant milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s top cryptocurrency exchanges, WazirX and CoinDCX. This strategic move provides Venom access to a vast user base in the world’s most populous nation, enhancing the adoption and visibility of $VENOM.

"We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic entry into the Indian market, which boasts over 30 million users, marks a crucial milestone for Venom. It highlights our commitment to fostering innovation and adoption in the blockchain space, paving the way for increased engagement and growth in one of the most dynamic crypto markets globally," stated Louis Tsu, CEO of Venom Foundation.

Rajagopal Menon, VP of Marketing at WazirX, commented, "The VENOM network has already addressed several critical issues regarding scalability and transactions within the crypto ecosystem. Its diverse partnerships and ongoing expansion showcase its popularity and growing user base. WazirX is excited to offer our users the opportunity to trade this token."

India: A Key Market for Venom

As the global cryptocurrency landscape evolves, India has emerged as a vital hub for blockchain and crypto. With its tech-savvy populace and rapidly growing crypto community, India presents a tremendous opportunity for Venom to broaden its reach and drive adoption.

Listings on WazirX and CoinDCX

• WazirX: As India’s largest cryptocurrency exchange, WazirX serves over 16 million users. $VENOM is now available for trading in USDT and INR pairs.

• CoinDCX: Another key player in the Indian market, CoinDCX has over 14 million users. $VENOM is also available for trading in USDT and INR pairs.

Key Highlights

• Vast User Reach: The combined user base exceeding 30 million on WazirX and CoinDCX provides unparalleled exposure for $VENOM in India.

• Market Expansion: These listings represent an essential milestone in Venom’s growth strategy, indicating the rapid adoption of $VENOM in one of the world’s fastest-growing crypto markets.

• Enhanced Accessibility: Indian users now have streamlined access to trade $VENOM in their local currency, encouraging greater adoption and engagement.

Conclusion

The listings of $VENOM on WazirX and CoinDCX are pivotal in Venom’s strategy to expand its global reach and liquidity. These developments align with the Venom Foundation’s goal of increasing adoption and solidifying its presence in the global crypto landscape.

About Venom

Venom is an advanced layer-0 and layer-1 network that integrates seamlessly with other independent networks through innovative Mesh technology. Led by a masterchain for overall state and consensus management, Venom supports an unlimited number of autonomous workchains for user accounts, smart contracts, and decentralized applications (dApps). The Mesh technology optimizes inter-chain communication, ensuring high speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom serves as an ideal platform for hosting Central Bank Digital Currencies (CBDCs) and large-scale applications.

For further information, please reach out to the Venom Foundation at [email protected].