Consider the following statements regarding Indian Cryptocurrency Exchanges:
1. CoinDCX is the first Indian cryptocurrency exchange to achieve Unicorn status and is known for offering features like margin trading, lending, and staking.
2. WazirX operates a Peer-to-Peer (P2P) trading platform, allowing users to convert INR to USDT without direct involvement of centralized exchanges, and was once acquired by Binance, though the ownership was later disputed.
3. CoinSwitch and ZebPay primarily operate as Decentralized Exchanges (DEXs) and do not require Know Your Customer (KYC) verification, aligning with global decentralized finance (DeFi) norms.
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