India’s top crypto exchange WazirX is officially set to restart its operations on October 24, 2025, after completing its long-awaited restructuring process and securing approval from the Singapore High Court.
WazirX Makes a Comeback After a Year-Long Struggle
The exchange, which faced a major $230 million hack in July 2024, has spent more than a year restoring user balances and restructuring its business model. With the court’s approval now in place, WazirX is ready to resume trading in a phased launch, starting with limited pairs and expanding gradually.
The company said the relaunch will begin with selected crypto-to-crypto pairs and the USDT/INR trading pair, followed by more markets in the coming days.
Funds Page and Deposits Are Now Live
In preparation for the relaunch, WazirX has activated several key features:
- ✅ The Funds Page is live, showing updated and rebalanced token holdings.
- 💸 INR deposits are open.
- 💰 Crypto deposits are open.
The exchange confirmed that withdrawals and trading are in progress and will be rolled out soon.
Zero-Fee Trading Offer to Attract Users
As part of its relaunch, WazirX is offering 0% trading fees for all users across all trading pairs. This limited-time offer aims to bring traders back and restore activity on the platform.
Founder Nischal Shetty said that WazirX remains committed to its mission of making cryptocurrency accessible to every Indian, adding that this relaunch represents a fresh start for both the company and its community.
Recovery Tokens for Creditors
To compensate affected users and creditors, WazirX announced the introduction of Recovery Tokens.
These tokens will represent each creditor’s share of illiquid or stolen assets from the previous hack incident. The company stated that it will distribute the Recovery Tokens within 10 business days of the relaunch.
According to Shetty, this initiative ensures that users receive transparent compensation while allowing the exchange to recover long-term asset value.
Strengthened Security with BitGo Partnership
WazirX has partnered with BitGo, a leading global crypto-custody provider, to enhance asset protection.
This collaboration adds a world-class security layer for storing digital assets, ensuring users can trade with greater confidence.
Shetty emphasized that the partnership reflects WazirX’s renewed focus on security, transparency, and reliability — key elements in rebuilding user trust.
What’s Next for WazirX Users
- The next phase of the relaunch will include withdrawals and additional trading pairs.
- Users can already access their updated balances and make new deposits in INR or crypto.
- The exchange expects full functionality to return within the coming weeks.
A New Chapter for India’s Crypto Community
The relaunch of WazirX marks an important moment for India’s crypto market. After one of the biggest hacks in the industry, the exchange’s successful restructuring and relaunch show its determination to restore credibility and user confidence.
With zero trading fees, secure asset management, and a clear creditor recovery plan, WazirX is positioning itself once again as a leading name in India’s growing digital-asset ecosystem.
