WazirX, India’s homegrown crypto exchange, is officially back in business. On October 24, trading goes live again after a 16-month shutdown that followed a massive $230 million hack.
And this time, the exchange isn’t just reopening quietly, it’s doing it with flair. Zero trading fees for the first 30 days. That’s a bold move to welcome back users and rebuild trust in one of India’s most recognized crypto brands.
A Long Road Back After the $230M Hack
Back in mid-2024, WazirX faced one of the largest exchange breaches in Asia. The attack crippled trading, froze withdrawals, and left millions of users stranded. For months, the platform stayed offline while legal, technical, and financial hurdles piled up.
Now, after over a year of silence, WazirX India (@WazirXIndia) is set for a full comeback.
According to the team, the return is built on a Singapore court-approved restructuring plan, one that saw 96% of creditors voting in favor. That’s a strong consensus for a project that many had written off.
The restructuring plan brings three major promises:
- 0% trading fees to re-ignite volume and restore confidence.
- Recovery Tokens (RTs) to compensate up to 28% of user losses.
- A BitGo partnership for insured wallet protection, giving users a safety net the old version didn’t have.
A Phased Rollout To Keep Things Stable
The comeback won’t be a single switch flip. Instead, WazirX is taking a phased approach, between October 24 and 27, the platform will gradually unlock trading in batches.
Each day, about 25% of tokens will go live. By the 27th, all tokens will be fully tradable again.
Trading kicks off in the USDT market, covering every available token. For the INR market, only the USDT/INR pair will be active at first. Other INR pairs will roll out progressively once the system stabilizes.
The platform has also set a clear daily schedule:
- Order placement opens at 10 AM IST.
- Order matching begins at 5 PM IST.
This window gives traders a few hours to set up their positions before the action starts.
Why This Comeback Matters
WazirX isn’t just any exchange, it’s been a gateway for millions of Indian crypto investors since 2018. Despite its regulatory challenges, it became one of the most traded platforms in the country, rivaling global names like Binance and OKX in local volume.
The return of WazirX comes at a time when the Indian crypto scene is slowly thawing. Trading volumes on major platforms have been climbing since early Q4 2025.
A functioning WazirX means easier onramps for retail traders and new liquidity for the Indian market.
Rebuilding Trust, One Step at a Time
Trust is the biggest currency in crypto, and WazirX knows it. The 0% trading fee window isn’t just a marketing gimmick, it’s a reset button.
Users burned by the 2024 hack are now getting Recovery Tokens, designed to compensate up to 28% of their lost assets. These RTs can be held, sold, or staked later depending on how WazirX evolves the recovery program.
Meanwhile, the BitGo partnership adds another layer of security. BitGo, known for its institutional-grade custody, provides insured cold wallet storage, a move meant to assure users their assets are actually safe this time around.
What to Expect in the First Week
As trading resumes, WazirX has already cautioned users about a few early-stage realities.
Liquidity will take time to rebuild. Some tokens were delisted or swapped while trading was paused, meaning your portfolio might look a bit different.
Price swings and wider spreads are expected during the first few days. It’s a normal sign of markets recalibrating.
Trading Will Begin with ZERO Trading Fee Across All Markets
Trading on WazirX will resume with zero trading fee across markets, making it easier for every user to trade seamlessly as the platform restarts.
Trading for tokens will be enabled gradually over four days,… pic.twitter.com/fG1XuWgAdK
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) October 23, 2025
Still, the excitement in the community is hard to ignore. Across X (Twitter), Indian traders have been celebrating the comeback.
.@WazirXIndia, one of India’s leading crypto exchanges, is finally bringing trading back, and it’s happening on October 24 with zero trading fees for the first 30 days. That’s honestly a pretty cool way to welcome users back after everything that’s happened.
They’re rolling it… pic.twitter.com/R3vY2f54X6
— Crypto Miners (@CryptoMiners_Co) October 23, 2025
The hashtag WazirXIsBack has started trending across crypto Twitter in India, signaling renewed optimism.
A Critical Test for India’s Crypto Market
This relaunch isn’t just about one exchange, it’s a stress test for India’s crypto ecosystem.
The $230M hack in 2024 left a scar, not only for WazirX users but also for public sentiment around crypto safety. The Indian government has maintained strict oversight on digital asset platforms, with high TDS (Tax Deducted at Source) and complex compliance burdens.
If WazirX successfully rebuilds liquidity and user trust, it could open doors for more lenient regulatory discussions and reestablish India as a regional hub for crypto innovation.
Analysts note that if WazirX regains even 30–40% of its pre-hack volume within Q4, it would mark a major confidence rebound for Indian traders.
The Community Reaction
Crypto India’s comeback stories rarely get this kind of attention. But WazirX’s return has struck a chord.
Many traders are calling the zero-fee window a smart way to attract volume. Others see the phased approach as proof that WazirX learned from its past mistakes.
A few remain cautious, waiting to see how fast liquidity returns and whether the exchange can sustain stable order books. But optimism outweighs skepticism right now.
By October 27, full trading should be live across both USDT and INR markets. The gradual rollout and safety-first measures show a more disciplined WazirX, one that’s aware of what’s at stake.
In a crypto landscape defined by volatility, the return of a familiar name could help bring back confidence and local participation.
India’s traders are watching. The comeback story starts now.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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