- WazirX reopens with zero trading fees post-hack.
- Restructuring involves phased trading resumption.
- Security partnership established with BitGo.
WazirX, an Indian crypto exchange, will resume trading with zero fees on October 24, 2025, after a 16-month closure due to a significant hack and court-approved restructuring.
The phased reopening underlined by enhanced security via BitGo aims to restore trust, potentially impacting trading volumes and user confidence in WazirX’s crypto markets.
In a notable move, WazirX is resuming trading with zero trading fees on October 24, 2025. The Indian crypto exchange had been shut down for 16 months due to a $230 million hack, resuming operations through a court-approved debt restructuring plan.
WazirX, backed by Zettai Pte. Ltd., has collaborated with BitGo to safeguard user funds in its renewed operations. Trading will initially commence with select tokens and will expand to a full range by October 27, emphasizing a measured restart strategy.
WazirX’s relaunch is expected to significantly impact trading patterns, with zero fees potentially increasing user engagement. Observers anticipate a surge in trading volume once trading across all tokens is activated, potentially benefiting WazirX’s market position. As their restructuring plan, authorized by the Singapore High Court, involved extensive legal proceedings and negotiations, WazirX aims to regain trust within the crypto community, focusing on enhanced security and compliance.
WazirX’s strategic focus involves managing trust issues while positioning itself as a competitive player. Their zero-fee model may pressure other exchanges to adjust strategies. The outcome will largely depend on user confidence and market reactions.
Future implications include potential shifts in trading volumes for dominant cryptocurrencies like BTC, ETH, and USDT. This could influence market dynamics and liquidity. Historical trends suggest a possible short-term increase in demand for these assets.
“Trading on WazirX will resume with zero trading fee across markets, making it easier for every user to trade seamlessly as the platform restarts” – WazirX Blog
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
