Indian crypto exchange WazirX is set to restart trading operations on October 24, 2025, following a 16-month suspension. The relaunch comes after a Singapore Court-approved restructuring plan, marking a major comeback for one of India’s most prominent crypto platforms.
Restructuring and User Protection:
Over 95% of WazirX’s creditors approved the restructuring plan, which enables the platform to settle user claims and restore full-scale operations under court supervision. The company has also onboarded BitGo as its custodial partner to provide institutional-grade security for user assets.
Zero-Fee Relaunch Strategy:
To attract users back, WazirX will initially offer zero trading fees on crypto-to-crypto and USDT/INR pairs—a move designed to reactivate dormant accounts and boost transaction volumes. Deposits, withdrawals, and fiat conversions will reopen in phases after the trading restart.
Background and New Focus:
WazirX had suspended its operations in mid-2024 after a security breach resulted in losses worth $235 million. Since then, the company has undergone an extensive internal review, overhauled its management and compliance systems, and restructured its business model.
Under its new framework, WazirX will prioritize exchange operations, custody management, and compliance in regulated markets. The exchange also aims to expand its token listings and introduce new trading pairs in the coming months.
With this court-backed revival and a stronger compliance framework, WazirX is positioning itself for a steady comeback in India’s evolving digital asset ecosystem.
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