What is the business model of WazirX in India ?

[innochka]

What is the business model of WazirX in India ? How are they making money and are they profitable. I am interested to start a similar company. How much will be the expense for launching such a company ?

[bruno]

There are different types of fees and charges being charged on WazirX on each transaction. This is how they make money. I doubt they are profitable as there are also lot of expenses in managing an exchange especially to maintain the security of the exchange.