WazirX Resumes Trading with Zero Fee Offer
- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Nischal Shetty leads WazirX zero fee relaunch.
- Indian crypto market anticipates increased liquidity.
WazirX plans to resume trading on October 24, 2025, offering zero-fee transactions after recovering from a $230 million hack.
The relaunch highlights a major milestone in regaining user trust and addressing security concerns, impacting cryptocurrency trading dynamics and liquidity.
WazirX will resume trading operations on October 24, 2025, after a significant restructuring and recovery from a $230M hack. This event is critical for restoring trust and stability in the cryptocurrency market.
The leadership team, led by Nischal Shetty, announces zero fee trading to attract users back. Official channels highlight a commitment to enhanced security and transparency, addressing prior vulnerabilities.
The crypto community anticipates increased trading volume and liquidity on WazirX, a prominent platform in India. This move is seen as pivotal for regaining user confidence after last year’s breach.
The Indian crypto sector remains vigilant, with financial analysts closely monitoring market dynamics. Potential implications include revived interest in digital assets and democratization of crypto trading.
WazirX’s relaunch may set a precedent in handling exchange breaches with proactive measures. The focus on security and fee waivers aligns with industry standards of recovery strategies.
The zero fee initiative is expected to expedite transaction volumes, akin to past recovery examples like KuCoin. Financing details remain undisclosed, though market sentiment indicates optimism.
“We are back. Trading restarts on Oct 24 with 0 fees. Security and transparency remain our top priorities.” – WazirX Official Twitter
