Exchange Set to Resume Operations on October 24, 2025, with Enhanced Security Measures
WazirX, a prominent Indian cryptocurrency exchange, has announced its planned resumption of operations on October 24, 2025, following a significant 16-month hiatus. The exchange experienced a major security breach, leading to its temporary shutdown. To mark its return and encourage user engagement, WazirX will be offering zero trading fees for a period of 30 days.
This relaunch is facilitated by a court-approved restructuring plan, orchestrated by Zettai Pte. Ltd. The exchange has also significantly upgraded its security infrastructure by partnering with BitGo, a leading digital asset custodian. This strategic move aims to restore user trust and re-establish WazirX's position in the market, focusing on regaining liquidity and operational stability.
Phased Reopening and Strategic Fee Offer
WazirX's decision to re-enter the market with a 30-day zero trading fee offer is a deliberate strategy to stimulate trading activity and rebuild user confidence. The phased reopening is scheduled to commence on October 24, with initial trading pairs including USDT/INR, prioritizing stability and security during the initial stages of operation.
Nischal Shetty, Co-founder of WazirX, expressed his optimism about the platform's restart, stating, "We are ready to begin the next chapter for WazirX with the platform restart, bringing trading back steadily and completely... trading on WazirX will begin with ZERO trading fee across all markets."
The zero-fee initiative is designed to boost market liquidity and foster a renewed sense of trust among users. The phased approach to reopening is intended to ensure a smooth and secure transition back to full operational capacity.
Court-Approved Restructuring and Security Enhancements
The return of WazirX was made possible through a court-approved restructuring process initiated in Singapore. This restructuring followed a substantial security breach in 2024, which resulted in the loss of approximately $230 million. The endorsement from involved stakeholders underscores a collective confidence in the exchange's future strategy and operational viability.
The court-approved restructuring is complete and the plan is approved by stakeholders. WazirX will restart soon. #WazirX#India#Cryptopic.twitter.com/p79fF5Nn1j
— Nischal Shetty (@NischalShetty) October 15, 2025
Stakeholders are anticipating a gradual recovery in the Total Value Locked (TVL) and community deposits on the platform. The market is closely watching for a potential surge in trading volume, which is expected to be driven by the zero-fee promotion. Maintaining transparency with users is identified as a critical factor in rebuilding and sustaining trust.
Industry Benchmarks and Future Implications
The strategic alliance between WazirX and BitGo is expected to establish a new benchmark for custodial solutions within the cryptocurrency industry. This collaboration, alongside the emphasis on transparency, is seen as a crucial step in rebuilding user confidence and potentially influencing future regulatory frameworks and security protocols for crypto exchanges.
WazirX trading will resume on 24th October 2025 with zero trading fees for 30 days! 🎉
— WazirX India (@WazirXIndia) October 15, 2025
This is a massive step towards rebuilding trust and bringing back the WazirX community. Excited for the next chapter! #WazirX#CryptoIndia#Tradingpic.twitter.com/s0qYjJt9pC
Comparisons with other exchanges, such as Bitfinex, underscore the importance of robust and transparent custodial solutions in the current market landscape. WazirX's commitment to enhanced security and user protection through its partnership with BitGo is a key element of its relaunch strategy.