Following Binance controversy, WazirX trading volume down over 50%

The public clash between Binance and WazirX over the ownership of the latter has brought the entire Indian cryptocurrency under the scanner and dampened investor sentiment. The controversy has led to a sharp decline in the trading volume of WazirX, and industry stakeholders believe that it has the potential to hit the volume of other exchanges as well in the short-term due to crypto investors’ loss of confidence.