India’s WazirX Exchange to Resume Trading on October 24 with 0% Trading Fees

Highlights:

• WazirX resumes trading after a 16-month pause caused by a major crypto theft.
• The platform offers zero-fee trading and recovery tokens to rebuild user trust.
• BitGo partnership adds secure custody as WazirX restarts with new protections.

WazirX, once India’s largest cryptocurrency exchange by volume, is resuming trading operations on October 24 after 16 months of closure following a crypto heist that drained $230 million from the platform. WazirX co-founder Nischal Shetty shared on X that token trading will open in steps over four days. Full access is expected by October 27, according to the platform’s blog. 

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WazirX Returns with Key Trading Pairs and Enhanced Security

In the first stage of its comeback, WazirX will reopen certain trading pairs, including USDT/INR and several crypto-to-crypto options. The platform will also roll out a “Restart Offer,” giving users a chance to trade with zero fees for a short period. The aim is to encourage more trading and rebuild trust among users. “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.” Shetty said.

What’s Live Now
1.The Funds page is now live with rebalanced tokens
2.INR deposits are open
3.Crypto deposits are open

🔜 What’s Next
We’re now working on withdrawals and trading. Stay tuned for an update very soon.

For crypto cold wallets, we have been using @BitGo from…

— Nischal (Shardeum) 🔼 (@NischalShetty) October 23, 2025

To improve security and protect all assets, WazirX has teamed up with BitGo, a top U.S.-based digital asset custodian. All funds will now be held in insured, institutional-grade wallets that meet international standards. “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,” he said.

Shetty said user support made restarting the platform possible. Now, the focus is on creating more value for everyone affected. Earlier on Wednesday, WazirX allowed deposits in Indian rupees and crypto. The platform also updated the token balance page for easier use. “WazirX is able to restart operations and initiate token distributions to creditors within 10 business days as estimated,” Shetty added.

Trading Will Begin with ZERO Trading Fee Across All Markets 🚀

Trading on WazirX will resume with zero trading fee across markets, making it easier for every user to trade seamlessly as the platform restarts.

Trading for tokens will be enabled gradually over four days,… pic.twitter.com/fG1XuWgAdK

— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) October 23, 2025

WazirX Recovery Plan Approved After Hack

In July last year, WazirX revealed that the Lazarus Group from North Korea had targeted the platform. They took advantage of a flaw in the multisig wallet system, resulting in a loss of more than $230 million. Soon after, WazirX paused all trading.

Last week, the Singapore High Court gave the green light to WazirX’s new restructuring plan. With 95.7% of participating creditors approving the plan, WazirX will begin issuing recovery tokens to compensate users when trading resumes. Financial reports show WazirX has $566.4 million in liquid assets, while verified user claims are $546.5 million, meaning there are enough funds to cover all users.

Singapore High Court has approved WazirX's debt restructuring scheme, a key step toward returning assets after last year's hack. Over 95% of creditors supported the plan, with token distributions to start within 10 business days. Users may recover about 85% of balances.… pic.twitter.com/mAJ5cnIhct

— Vincent Bu Lu (@VincentBuLu1) October 13, 2025

Experts say WazirX coming back is good for India’s crypto market. The platform stopped trading for one year. It faced rules and low-funding problems. Now, trading is back and clearer. WazirX wants to win user trust and be a big name in India’s crypto again.

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