
WazirX’s trading volume has decreased significantly as a result of the scandal, and industry insiders predict that it may soon affect other exchanges’ trading volumes as well due to a lack of confidence among cryptocurrency investors.
Nomics, a provider of cryptocurrency asset analytics, reports that WazirX’s volume dropped by more than 50% on August 11 from $6.8 Mn on August 4 to $3 Mn. According to Dileep Seinberg, founder and CEO of crypto fintech platform MuffinPay, such incidents would definitely impact investor sentiment.








