WazirX, an Indian cryptocurrency exchange operated by Zettai Pte. Ltd., has announced its resumption of trading services with a zero-fee policy. This relaunch is scheduled for October 24, 2025, marking the end of a prolonged shutdown period.
The exchange's reopening follows a significant security incident that resulted in a loss of $230 million. A structured recovery plan has been implemented, with a primary focus on restoring user trust and mitigating market impact.
Platform Relaunch and Security Measures
The relaunch of WazirX involves a collaboration with BitGo, a prominent digital asset custodian, to bolster security protocols. This partnership ensures enhanced protection for WazirX's cold wallets, thereby safeguarding user assets.
Restarting Trading Operations
The exchange will initially reinstate crypto-to-crypto and USDT/INR trading pairs. Full operational capacity is anticipated by October 27, 2025, as additional digital assets are gradually introduced to the platform. This phased approach is designed to instill market confidence and ensure technical stability.
WazirX's restructuring plan has received court sanctioning and the support of its creditors, demonstrating the company's commitment to financial resilience. Trading is set to recommence across various markets, providing users with access to previously affected assets such as BTC, ETH, and USDT.
Restoring User Confidence and Liquidity
A core objective for WazirX is to regain public trust and re-establish liquidity through a carefully managed and monitored reopening process. This includes continuous oversight and technical validation of the platform's performance.
The implementation of enhanced security measures and a gradual reactivation strategy aligns with historical recovery patterns observed in the cryptocurrency sector following major security breaches. These processes highlight the critical importance of protecting user funds and rebuilding confidence within the exchange ecosystem.
"Trading on WazirX will begin with ZERO trading fee across all markets. This means you can trade any available token without any trading fee. This will run for 30 days, during which the platform will evaluate how users respond to the offer." - WazirX, Official Blog