WazirX launches Build-Your-Own exchange program for Crypto Entrepreneurs

WazirX has recently revealed ‘BUIDL With WazirX’ to allow crypto entrepreneurs to build their own exchange programs.

With the BUIDL, crypto version of the term build – India’s largest crypto exchange has asserted that it aims to take the ecosystem to the next level by helping some of the aspiring entrepreneurs navigate the landscape.

In ET article, Siddharth Menon, co-founder, and COO at WazirX said, "It takes a lot of effort to create an exchange. We started the programme to pave the way for the future generation of crypto entrepreneurs who wish to start their exchange using WazirX's expertise. The goal is to expand the ecosystem to cover the underserved niches in the Indian market as effectively as possible. We envisage talented entrepreneurs with fire in their bellies to utilize this program as a springboard to create their businesses for solving challenges and propelling the country’s growth trajectory."

The platform will offer several tools and capabilities to entrepreneurs by releasing its APIs, thus giving them access to around 300 trading pairs.

With WazirX being India's first cryptocurrency exchange for rolling out this initiative, others like Giottus are also following suit.

Moreover, WazirX has also revealed that crypto entrepreneurs will also receive technical assistance and guidance in developing product modules and counseling on AML and KYC compliance concerns.

Apart from that, the homegrown crypto exchange will also assist entrepreneurs in obtaining funding by connecting them with eager venture capitalists.  It has already partnered with several capital funds to help users grow more by offering grants and funding opportunities.