WazirX Relaunches Zero-Fee Trading on Oct 24 After $230M Hack

Published: 2025-10-23 21:05:17 |

WazirX, India’s largest crypto exchange, will reopen trading on October 24, 2025, after a year-long suspension triggered by an Enforcement Directorate freeze and a $230 million hack. The platform launches a limited-time zero-fee trading promotion across all pairs and has strengthened KYC protocols, security audits and partnerships with local banks to meet stricter anti-money laundering rules and align with global frameworks like MiCA. Withdrawals will reopen in phases for verified accounts. Since India’s 2022 crypto tax regime, monthly volumes recovered to $4.5 billion by mid-2025. Community reactions are mixed: some traders welcome the fee waiver, while others demand proof-of-reserves and transparent audits before restoring deposits. Analysts expect a 25–30% increase in user onboarding if transparency measures hold. WazirX’s comeback will test domestic exchanges’ ability to compete under tighter RBI guidelines.

Neutral

While WazirX’s relaunch and zero-fee trading could boost short-term trading volumes and restore liquidity, lingering trust issues, demands for proof-of-reserves and regulatory scrutiny may limit immediate price impact. Long-term performance hinges on successful compliance and transparency measures under RBI guidelines, making the overall market reaction neutral.