wazirx

#WazirX $WazirX
Crypto exchange WazirX has launched futures trading for users in India, introducing crypto derivatives on its platform with a new fee structure and additional onboarding requirements.
The company said its futures trading segment will charge a maker fee of 0.02% and a taker fee of 0.04%. It stated that these rates are among the lower fee structures available on Indian crypto exchanges and are not linked to trading volume thresholds.
WazirX said the move is intended to simplify access to derivatives trading for retail users by reducing conversion steps in the trading process.
Founder Nischal Shetty said the platform aims to make futures trading accessible across user segments by offering uniform fee rates. “A trader starting out on WazirX Futures gets the same fee rate as an institutional trader on most other platforms,” he said.
As part of the rollout, users are required to complete a mandatory knowledge assessment covering concepts such as leverage, margin, and liquidation before accessing futures trading. The company said the step is designed to support informed participation in derivatives markets. It also said it is expanding user education initiatives related to futures trading.
WazirX linked the futures product to its ongoing restructuring process, stating that profits generated from futures trading will be used to support additional recoveries for eligible creditors holding Recovery Tokens, in addition to previously completed fund distributions.
The company said the futures segment will be expanded in phases based on liquidity conditions, risk management requirements, and user readiness.

The Delhi High Court demanded a fresh investigation in response to allegations of financial irregularities and a North Korean-linked hack.
Indian crypto exchange WazirX faces mounting challenges after the Delhi High Court ordered a fresh investigation into the platform on Dec. 18 — the same day Binance announced it would delist the exchange’s native token WRX.
The probe, spurred by allegations of a prior hack and concerns over financial irregularities, signals intensifying scrutiny on the beleaguered exchange.
The court’s directive came after Advocate Jaivir Bains filed a petition calling for criminal proceedings against WazirX in connection with a July 2024 breach that resulted in a loss of $235 million in crypto.
Initial reports from Delhi police concluded that no criminal case could be substantiated, but Justice Sanjeev Narula rejected the findings and required an updated status report by February 2025.
The investigation highlights lingering doubts about WazirX’s operational integrity, particularly in light of allegations that a North Korean hacking group orchestrated the breach. Despite a partial recovery effort led by cybersecurity firm Cyfirma, the exchange admitted that 43% of customer funds remain unrecoverable.
Binance delisting
The legal development comes as Binance announced it would delist WRX, citing a failure to meet compliance standards.
The delisting, effective Dec. 25, triggered a 59% drop in WRX’s value, reflecting eroded investor confidence. Binance has also denied ownership of WazirX, alleging the exchange is controlled by Zanmai Labs, which operates under the jurisdiction of India’s Financial Intelligence Unit.
While WazirX attempts to regain stability, including plans to relaunch its platform and introduce a decentralized exchange, critics have highlighted deficiencies in its crisis management and transparency. “The court’s move to demand a fresh probe reflects the severity of the allegations and raises questions about the future of WazirX,” said a legal analyst familiar with the case.
WazirX has pledged to rebuild with enhanced services, but the combination of regulatory scrutiny, financial losses, and market instability poses a formidable challenge for the once-prominent exchange.
#wazirX $WRX

The cryptocurrency exchange WazirX, once the largest platform in India, has made significant strides in its efforts to recover stolen assets from the 230 million USD hack in July 2024. After 4 months of investigation and legal coordination, #WazirX successfully froze 3 million USD in USDT.
The asset recovery journey
The cyber attack on WazirX resulted in a loss of 45% of the exchange's reserves, with ERC-20 tokens on the $ETH network being the primary targets. Immediately after the incident, WazirX initiated investigations and obtained a temporary order from the Supreme Court of Singapore to suspend payment obligations for 4 months to proceed with debt restructuring.

One of the most searched topics right now. The Indian #CryptoCommunity is lobbying for a reduction in the 30% flat and 1% #TDS. . This affects liquidity for millions of traders. If you aren't covering the "Regulatory Clarity" angle, you're ignoring a massive geographic audience. Deep dive into what "tax rationalization" would mean for the #WazirX X and #CoinDCX X users migrating to #BİNANCE .
Use an Infographic comparing old vs. proposed tax rates.$BNB

After more than a year in the dark, WazirX India’s leading crypto exchange is set to make a powerful comeback.
The platform, which was hit by a massive $230 million hack in July 2024, has completed a court-approved restructuring under Zettai Pte. Ltd. (Singapore). Now, with renewed security measures and a fresh strategy, WazirX is relaunching operations on October 24, 2025, marking one of the most significant recoveries in India’s crypto history.
🚀 The Relaunch Plan
According to official updates, WazirX will reopen in phases, beginning with:
Crypto-to-Crypto and USDT/INR pairsZero trading fees during the first phase to attract users backPartnership with BitGo for institutional-grade asset custody and protection
This phased reopening aims to rebuild user trust and ensure security remains top priority before reintroducing full-scale services like staking, margin, and futures trading.
🔍 What’s Different This Time
After the hack, which caused one of the largest losses in Indian crypto history, WazirX revamped its infrastructure with:
Enhanced multi-signature cold storageIndependent smart-contract auditsReal-time reserve trackingLegal restructuring approved by the Singapore High Court
These measures are designed to protect users’ assets and demonstrate the exchange’s commitment to transparency and reliability.
⚠️ Community Sentiment & Recovery
While the relaunch has been met with optimism, many traders remain cautious.
Some users are still waiting for clarity on asset recovery from the 2024 hack, though WazirX’s team says that reimbursements and frozen balances will be addressed gradually through verified KYC and wallet audits.
The zero-fee campaign and new security backing may help WazirX regain ground, but the true test will be restoring community confidence in the coming months.
💬 Final Thoughts
WazirX’s return is more than just a relaunch it’s a statement of resilience for India’s crypto ecosystem.
If the new structure holds strong, this could mark the rebirth of Indian exchanges under stronger global compliance and security frameworks.
#WazirX #CryptoINDIA