WazirX, India’s leading crypto exchange, has announced the complete restoration of its platform operations following a temporary shutdown experienced earlier this week. The update confirming the resumption of services was shared by WazirX co-founder Nischal Shetty on X, who stated that the exchange is now “back up and running” for all users.
Impact of the Outage and Resolution
The brief period of inactivity had impacted essential services, including deposits, withdrawals, and trading functions, which consequently led to uncertainty among Indian crypto traders. Nischal Shetty, however, assured users that their assets remained secure throughout the duration of the downtime. He further emphasized that the WazirX team worked diligently and continuously to address and resolve the technical issues that were responsible for the interruption in services.
Positive Development for the Indian Crypto Market
The swift return of WazirX to full operational capacity represents a positive development for the Indian crypto market. This market continues to navigate an evolving landscape of regulatory challenges. The exchange has officially stated that all services are now fully operational, allowing users to resume their regular trading activities without any further disruption.