• Pi42, an Indian crypto perpetuals trading firm, claims to be safer from WazirX.
• Pi42 and WazirX have the same co-founder, Nischal Shetty.
• WazirX was hacked on July 18 after its Safe Multisig wallet on ETH was compromised

In the wake of WazirX’s $230 million security breach, the newly launched Pi42, India’s first crypto perpetuals platform, is leaning on its focus to safety.

Co-founded by WazirX’s own Nischal Shetty and Avinash Shekhar, Pi42 wants to distinguish itself as handling only Indian Rupees (INR) and offer crypto-INR futures trading with no direct crypto custody. The platform has set itself up with a long-term goal to reach 20 million Indian crypto investors.

Shekhar addressed about the safety of customer deposits on the exchange, adding that the firm does not keep the digital assets of the customers with them. However, during the “Ask Me Anything,” session, Shekar was seen dodging the questions related to  WazirX halting withdrawals and added:

“They are two totally different companies and in terms of safety, we do not deal in crypto. We don’t keep customer’s crypto with us, what we have is customer’s Indian Rupees (INR) and obvious…

The post After WazirX Hack, Pi42 Offers ‘Safer’ Crypto Trading in India appeared first on Coin Edition.

• Pi42, an Indian crypto perpetuals trading firm, claims to be safer from WazirX.
• Pi42 and WazirX have the same co-founder, Nischal Shetty.
• WazirX was hacked on July 18 after its Safe Multisig wallet on ETH was compromised

In the wake of WazirX’s $230 million security breach, the newly launched Pi42, India’s first crypto perpetuals platform, is leaning on its focus to safety.

Co-founded by WazirX’s own Nischal Shetty and Avinash Shekhar, Pi42 wants to distinguish itself as handling only Indian Rupees (INR) and offer crypto-INR futures trading with no direct crypto custody. The platform has set itself up with a long-term goal to reach 20 million Indian crypto investors.

Shekhar addressed about the safety of customer deposits on the exchange, adding that the firm does not keep the digital assets of the customers with them. However, during the “Ask Me Anything,” session, Shekar was seen dodging the questions related to  WazirX halting withdrawals and added:

“They are two totally different companies and in terms of safety, we do not deal in crypto. We don’t keep customer’s crypto with us, what we have is customer’s Indian Rupees (INR) and obvious…

The post After WazirX Hack, Pi42 Offers ‘Safer’ Crypto Trading in India appeared first on Coin Edition.