WazirX cofounder doesn't plan to leave the firm

Amid the rumors that the cofounder of the leading cryptocurrency trading platform, WazirX, Nischal Shetty is leaving the company, he has come out and denied all such reports. According to the earlier reports, both the co-founders of the company Shetty and Siddharth Menon are not actively contributing to the company’s operations as both of them are occupied with their other ventures. Shetty in an interview told: “My role has been the same for the last 12 months; it has been to be someone who's there to remove roadblocks. I'm never getting deeper into details. Most times, I'm busy with my own work around marketing ideas and what to do next, and other things I've been spending most of my time on are also on interviews”. Menon on the other hand said: “I will not immediately move away, but slowly. I think we have a very strong team that's working on interesting things while I sort of focus on new markets and try to grow the Web3 ecosystem in India”. Global crypto exchange Binance acquired the WazirX in 2019.