WazirX Don Resume Trading Wit Zero Fees for Phased Rollout
Indian crypto exchange WazirX don start trading again after e 15-month stop. Dem do am gradual, four-day phase rollout from October 24 to 27. Every day, dem dey unlock 25% of the tokens wey dey the list, start with USDT/INR pair. Users fit put orders from 10:00 AM IST and fit trade from 5:00 PM IST. To boost liquidity and participation, WazirX no go charge trading fees for 30 days, and dem fit extend the free fees time if people respond well. Active tokens get real-time prices; inactive tokens dey use CoinMarketCap rates. WazirX don update listings, remove tokens wey no meet technical or transparency standards, and dey handle swaps or merges. Crypto withdrawals go dey back in phases, but INR withdrawals full available. WazirX advise users make dem check liquidity for tokens wey no too get volume. The exchange wan make sure say by October 27, market go stable and transparent.
Neutral
Short-term, di resumption of WazirX trading with no fees plus phased rollout go fit boost platform activity. But USDT value still stable because e dey pegged to USD. Long-term, better liquidity and confidence for WazirX no too likely to affect USDT price but fit improve overall stablecoin circulation. So, price impact for USDT go remain neutral.