SunCrypto Shifts WRX And BETA Trading to USDT!

In a significant update for our users, SunCrypto has decided to change the trading pair for the WazirX (WRX) & Beta Finance (BETA) token from INR to USDT from 22nd December 2024. This decision comes in light of recent developments that have affected the WRX & BETA token’s market performance and liquidity.

SunCrypto Update: Why this Change?

In July 2024, WazirX, the parent company behind the WRX token, experienced a substantial security breach involving over $234 million. This event caused a ripple effect across the crypto market, leading to heightened price volatility for the WRX token. 

Talking about BETA tokens, a few months back, several offshore crypto exchanges announced the delisting of BETA tokens from their platforms. Both these developments affected the liquidity of the WRX/INR & BETA/INR trading pair. 

Low liquidity makes it difficult for users to execute trades for these tokens efficiently, leading to potential price discrepancies and unfavourable trading conditions. 

At SunCrypto, we prioritize providing our users with the best possible trading experience. To ensure better liquidity and stability for WRX & BETA token trading, we have decided to shift the trading pair from INR to USDT from 22nd December.

What Should Users Do?  

▪️Trading Option: If you want to trade WRX & BETA tokens, visit the USDT market section.  

▪️For Current Holders:  2 Options – You can hold your tokens for long-term benefits. Alternatively, you can sell them in USDT and then convert USDT to INR to withdraw profits to your bank account.  

Final Thoughts

We understand that changes to trading pairs may require users to adjust their strategies. However, we believe this shift to USDT will ultimately benefit our community by providing better liquidity and stability for WRX & BETA token trading. At SunCrypto, we remain committed to adapting to market conditions and ensuring the best trading experience for our users.

Thank you for your continued support. For any questions or assistance, feel free to contact our support team or check out SunCrypto Academy. 

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared,  if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your own research or consult an expert before making any investment decision. You may write to us at [email protected].