WazirX founder Nischal Shetty says Binance has “control” over the Indian crypto exchange

WazirX founder Nischal Shetty said Binance — the world’s largest crypto exchange by volume— owns a stake in his company, hours after the Binance chief executive Changpeng Zhao said that his company did not hold any shares in the Indian exchange.

In a series of tweets, Shetty wrote, “WazirX was acquired by Binance. Zanmai Labs is an India entity owned by me & my co-founders. Zanmai Labs has license from Binance to operate INR-Crypto pairs..WazirX Binance operates crypto to crypto pairs, processes crypto withdrawal…”.