WazirX to resume operations on October 24 with 0% trading fees

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WazirX, one of India’s leading cryptocurrency exchanges, will restart operations on October 24 after completing its restructuring process. The relaunch follows the Singapore High Court’s official approval of its scheme of arrangement in October, providing significant relief to the platform’s users.

As part of the Restart Offer, WazirX has announced that users will be able to trade across all trading pairs with 0% trading fees.

This initiative is aimed at easing the cost burden for traders and encouraging greater activity on the platform. The relaunch will initially cover select crypto-to-crypto pairs and the USDT/INR trading pair, with plans to expand to additional markets gradually over the coming days.WazirX has partnered with BitGo, a global leader in digital asset custody, to offer institutional-grade, insured custody solutions. This move strengthens asset protection as WazirX resumes operations with a renewed focus on regulatory compliance and safeguarding platform assets.Nischal Shetty, Founder of WazirX, expressed gratitude to the community, stating, “At the heart of everything we do is our mission to make crypto accessible to every Indian. I want to thank the WazirX community for their patience through these difficult times.” He added, “Asset security is currently a crucial aspect in the global crypto ecosystem. Our partnership with BitGo adds an additional layer of trust and protection with world-class custody standards, as we restart. This isn’t just a return to operations, it’s a reinforcement of our integrity, which we’ve always strived for.”


Earlier in the week, the platform completed key steps in its restructuring process, including token swaps, mergers, delisting of tokens, migration of assets, and any necessary rebranding efforts.Also read: Infosys shares rise 4% after promoters opt out of Rs 18,000 crore share buybackWazirX is now positioned to resume services and initiate token distributions to creditors within an estimated 10 business days. The company also confirmed that it is working towards issuing Recovery Tokens as part of the creditor settlement process.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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