Shiba

Bitcoin

Shiba Inu

WazirX

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Bitcoin (BTC) and Ripple-affiliated XRP <a href="https://twitter.com/WazirXIndia/status/1720402976135684448" rel="noopener noreferrer nofollow">were</a> the two most traded cryptocurrencies on the Indian WazirX exchange this October.
Alongside them, native exchange token WRX, meme-based Shiba Inu (SHIB) and LOOM complete the top five. This set of coins shows a diverse yet distinct preference among Indian crypto traders.
<h2 id="longstanding-preference-for-xrp-and-shib">Longstanding preference for XRP and SHIB</h2>
Historically, XRP and SHIB have been dominating on the WazirX exchange for years, caring out a significant niche among traders.&nbsp;
As <a href="https://u.today/xrp-and-shiba-inu-dominate-trading-on-leading-indian-crypto-platform" rel="noopener noreferrer nofollow">reported by U.Today</a>, these coins also ended up being at the top in September. &nbsp;
November is also off to a great start for these two cryptocurrencies. Data from <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">CoinGecko</a> reveals that SHIB and XRP are among the top-performing pairs over the last 24 hours on the exchange.&nbsp;
<h2 id="navigating-regulatory-hurdles">Navigating regulatory hurdles</h2>
WazirX has recently <a href="https://www.moneycontrol.com/news/business/cryptocurrency/wazirx-publishes-transparency-report-provides-details-of-security-compliance-efforts-11566701.html" rel="noopener noreferrer nofollow">published</a> its fifth transparency report, detailing the measures it has taken to ensure a secure and compliant trading environment for its customers. One of the standout statistics from this report is the exchange's swift 22-minute average response time to inquiries from regulators and government agencies.&nbsp;
The exchange has also rolled out several new features designed to enhance user experience and facilitate trading.&nbsp;
Additionally, WazirX has updated its platform with a "New Listings" section to keep users informed of the latest token additions, signifying its proactive stance in a rapidly evolving market.
The exchange's CEO, Nischal Shetty, <a href="https://www.forbesindia.com/article/news/itll-take-two-to-three-years-before-significant-crypto-regulations-come-through-wazirxs-nischal-shetty/86445/1" rel="noopener noreferrer nofollow">anticipates</a> that it could take another two to three years for substantial regulatory frameworks to materialize.&nbsp;
In the meantime, WazirX is not sitting idle; it is exploring new revenue models and avenues for growth.

XRP Dominates Indian Exchange Trading Together With Bitcoin

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