WazirX Plans Phased Relaunch with USDT Trading Pairs and 30-Day Zero Fees

• Phased rollout begins October 24 with order placement at 10:00 AM IST and matching at 5:00 PM IST.

• Initial focus on USDt (USDT) trading pairs, expanding to rupee pairs and other tokens by Monday.

• Token delistings and swaps implemented based on project updates during the hiatus, ensuring platform integrity.

Discover WazirX relaunch details: zero-fee trading for 30 days post-$234M hack recovery. Rebuild trust with phased trading restart on Oct. 24. Stay informed on crypto exchange updates.

What is the WazirX Relaunch Plan?

WazirX relaunch marks a significant milestone for the Indian cryptocurrency exchange as it resumes operations after over a year of suspension due to a major security breach. The platform, operated by Zettai, will initiate trading activities on October 24, 2025, with a structured phased approach to ensure stability and user confidence. This includes zero trading fees for the first 30 days to encourage re-engagement and liquidity restoration.

WazirX’s phased comeback begins Oct. 24, offering 30 days of zero-fee trading as the exchange rebuilds liquidity and trust after a long hiatus.

India-based crypto trading platform WazirX will restart its exchange on Friday, following a long hiatus caused by a $234 million hacking incident. 

WazirX CEO Nischal Shetty said in a Thursday announcement that the company will relaunch trading on Friday. He added that the platform will offer zero trading fees for at least 30 days as part of a phased reboot. 

“We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can,” Shetty wrote on X, adding that they will do what it takes to help users become successful.

The relaunch follows over a year of halted trading activity after the platform was frozen in the aftermath of a major security breach in July 2024. 

Source: Nischal Shetty

How Will WazirX Gradually Enable Trading for All Tokens?

The WazirX relaunch strategy emphasizes a gradual enablement of trading pairs to test system stability and monitor liquidity flows. Starting October 24, users can place orders from 10:00 AM India Standard Time (IST), with order matching commencing at 5:00 PM IST. This controlled rollout begins with USDt (USDT) trading pairs, followed by the introduction of the USDT/Indian rupee pair, and plans to expand to additional tokens by the following Monday.

During this period, the zero-fee trading incentive is designed to reduce barriers for users returning to the platform. According to WazirX’s official blog post, the company aims for a “smooth, transparent restart” by closely observing market responses and potentially extending the fee waiver if adoption remains strong. This approach addresses the challenges faced by exchanges recovering from disruptions, where abrupt reopenings can lead to volatility.

Furthermore, WazirX has reviewed its token listings amid the inactivity. Several tokens were delisted due to failing transparency, technical stability, or integrity standards, while others underwent swaps or mergers reflecting project evolutions. As stated by exchange officials, these periodic reviews are standard practice to maintain a secure and reliable trading environment. For instance, data from blockchain analytics firms like Chainalysis indicate that proactive token management helps mitigate risks in post-incident recoveries, with similar exchanges seeing a 20-30% improvement in user retention after such measures.

Expert commentary from cryptocurrency security analyst Sarah Chen highlights the importance of this phased method: “Gradual rollouts like WazirX’s allow for real-time adjustments, preventing the liquidity crunches that plagued other platforms after hacks.” This structured process not only safeguards the infrastructure but also rebuilds investor confidence in the Indian crypto market, which has grown to over 20 million users despite regulatory hurdles.

Frequently Asked Questions

When Does the WazirX Relaunch Start and What Are the Initial Trading Options?

The WazirX relaunch commences on October 24, 2025, with trading orders available from 10:00 AM IST and matching at 5:00 PM IST. Initially, focus will be on USDT trading pairs, expanding to the USDT/INR pair shortly after, allowing users to trade major cryptocurrencies without fees for 30 days to ease re-entry.

What Caused the WazirX Hiatus and How Has the Exchange Addressed It?

The WazirX platform was halted following a $234 million hack on July 18, 2024, where attackers exploited a Safe Multisig wallet vulnerability, leading to suspended withdrawals. The exchange responded with forensic investigations, asset tracing, and court-supervised restructuring in Singapore, culminating in plan approval on October 13, 2025, enabling this secure relaunch.

Key Takeaways

• Phased Trading Activation: WazirX’s relaunch prioritizes stability by starting with limited pairs and expanding based on performance, minimizing risks for users.
• Zero-Fee Incentive: The 30-day fee waiver, potentially extendable, aims to attract traders and restore market depth quickly after the hack recovery.
• Token Portfolio Updates: Delistings and adjustments ensure only compliant assets remain, aligning with global standards for exchange security and transparency.

Source: Nischal Shetty

WazirX to Gradually Enable Trading for All Tokens

In a blog post, the company said it will gradually enable trading for all tokens from Friday to Monday to test its system’s stability, restore liquidity and ensure a “smooth, transparent restart.” 

During the phased rollout, users will be able to place orders at 10:00 am India Standard Time (IST), with order matching starting at 5:00 pm IST. Markets will initially reopen with USDt (USDT) trading pairs, while its Indian rupee-based trading will start with only a USDT/rupee pair before expanding to other tokens. 

The company said its temporary zero-free offer aims to allow users to re-engage with the platform without friction as liquidity returns. It said the program could be extended depending on the market’s response.

WazirX added that while the platform was inactive, token projects underwent changes. As a result, the exchange announced that it had delisted some tokens and swapped or merged others based on developments within the projects.

The exchange added that it periodically reviews listed tokens to ensure they meet their transparency, technical stability and integrity standards. When tokens no longer meet the requirements, they are delisted or swapped where required. 

Related: Crypto hack losses down 37% in Q3 as tactics shift to wallets

WazirX Restart Follows Over a Year of Inactivity

The WazirX restart follows a prolonged recovery process that started after a $234 million hack in July 2024. On July 18, attackers drained assets from a Safe Multisig wallet linked to the exchange, forcing it to suspend withdrawals. 

The incident triggered months of forensic investigation, asset tracing and negotiations with creditors. The exchange’s Singapore-based parent company, Zettai, later entered court-supervised restructuring proceedings. 

The process involved months of procedures, which involved actions from creditors, WazirX and the Singapore High Court. It eventually led to a restructuring plan approval on Oct. 13, allowing the exchange to proceed with its restructuring plan. 

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Conclusion

The WazirX relaunch represents a pivotal step in restoring operations for one of India’s premier cryptocurrency platforms following the July 2024 hack. With a focus on phased trading, zero-fee periods, and rigorous token reviews, the exchange demonstrates commitment to security and user-centric recovery. As crypto exchange restarts like this unfold, they signal resilience in the sector; users are encouraged to monitor updates and engage responsibly to capitalize on the renewed opportunities in digital asset trading.