WazirX, a major cryptocurrency exchange in India, is set to resume operations on October 24. The exchange is launching with zero transaction fees as part of a court-approved restructuring, following a year-long closure after a significant $230 million hack.
This relaunch is a critical move to restore confidence and stability within India’s crypto market. The exchange announced the restart through its official channels, addressing user questions about security. WazirX founder, Nischal Shetty, stressed the team’s commitment to a quick and smooth process.
Initial trading will focus on USDT/INR and select crypto markets, all starting with zero transaction fees. A key part of the compensation strategy for affected users involves the issuance of Recovery Tokens. To bolster asset protection, WazirX has also partnered with BitGo, a U.S.-based custodian. The reopening is expected to impact trading dynamics and user engagement in the region.
October 2025, Cryptoniteuae
