WazirX go resume trading on Octoba 24; phased rollout & zero fees
WazirX, di Indian crypto exchange, go resume trade and crypto withdrawals on Oct 24, dis na im first movement since one $235 million hack for July 2024. Di platform dey do four-phase token listing from Oct 24 to 27, wey go introduce 25% of assets daily for USDT markets before dem add INR pairs. No trading fees for first 30 days. INR deposits and withdrawals don dey live, and crypto withdrawals go dey active again on launch. Di relaunch dey follow Singapore High Court approval of im parent company Zettai Pte Ltd restructuring plan. WRX token jump about 32% to $0.099 and trading volume rise 95%, wey show renewed confidence. Bitcoin dey trade near $109,400, down 1.7% over di last week. Traders need watch liquidity shifts, dey limit big orders for early days, and follow official updates to manage any potential wahala.
Bullish
Di relaunch of WazirX trading afta big hack, combined wit zero fee incentive an structure four-phase token rollout, go likely push WRX token demand an boost trading activity. Singapore High Court approval of di parent company restructuring add regulatory credibility an restore investor confidence. Short term, traders fit expect better liquidity an up price pressure on WRX as tokens come online. Long term, steady operations, resumed withdrawals, an sustained platform usage fit support continued token value growth, supporting beta outlook.