WazirX’s Siddharth Menon & Nischal Shetty launch their own ventures, Menon to step away from daily ops: Spokesperson

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Menon, meanwhile, will step away from the daily operations of WazirX to focus on his new project, sources told CNBC-TV18. A WazirX spokesperson said, "Siddharth sees this as a natural extension of his role in contributing to and furthering the crypto landscape. He will continue to be associated with WazirX in a passive capacity for now."

Not just Menon, Nischal Shetty Founder, and CEO has also launched an open-sourced blockchain project, Shardeum, earlier this month.

“This decentralized project is Nischal's further foray into the blockchain sector, over and above his role of being at the helm of WazirX,” the spokesperson added.

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Meanwhile, Shetty has refuted the speculations of him moving out from the company to focus on his new project. The WazirX CEO took to Twitter to say, “Getting queries if I’m transitioning out of WazirX. If I intend to, YOU will hear it from me first, and not from sources.”

WazirX is a cryptocurrency marketplace with over eight million users and billions in monthly volume. The firm was acquired by Binance in 2019.

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