WazirX to Restart Operations: India’s Crypto Giant Returns with Zero Trading Fees

• WazirX to restart operations in Oct 2025 with three-phase plan featuring zero trading fees for 90 days
• Users receive 55% of locked funds immediately plus 45% distributed via revenue-sharing tokens over 24 months
• Platform implements $100M insurance coverage and military-grade security across cold storage and AI fraud detection systems

WazirX to restart operations in Q2 2025, bringing relief to 16 million Indian crypto traders who’ve waited nine months for access to their funds. India’s largest cryptocurrency exchange is making a bold comeback after the devastating $230 million hack that shook the nation’s digital asset ecosystem in July 2024. The platform’s return features an aggressive zero trading fees strategy designed to rebuild trust and reclaim market dominance. Can this phoenix rise from the ashes and restore confidence in India’s crypto future?

Why is WazirX to Restart Operations Now?

WazirX to restart operations follows months of intense negotiations with Indian regulatory bodies and affected users. The exchange has secured conditional approval from the Financial Intelligence Unit (FIU-IND) to resume limited trading activities starting Oct 2025.

Founder Nischal Shetty revealed the three-phase recovery roadmap during a virtual address to users. Phase one enables INR deposits and withdrawals for verified accounts. Phase two introduces trading for five major cryptocurrencies with zero fees for 90 days. Phase three expands to full platform functionality by October 2025.

The timing aligns with India’s evolving crypto stance. The government’s new Digital Asset Policy Framework, announced in March 2025, provides clearer operational guidelines for exchanges. WazirX becomes the first major platform to restart under these revised regulations.

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The exchange has completed a comprehensive security overhaul costing $45 million. New infrastructure includes multi-signature cold wallets storing 96% of user assets, biometric authentication systems, and partnerships with blockchain security firms Hacken and CertiK for continuous monitoring.

What Compensation Are Users Getting?

WazirX to restart operations with a user-approved restructuring plan that addresses the July 2024 breach fallout. The proposal, backed by 87% of affected users, offers immediate partial recovery plus long-term compensation.

Users receive 55% of their locked funds within 48 hours of the restart. The remaining 45% gets distributed through a novel revenue-sharing token called WRX-Recovery, which pays out from exchange profits over 24 months. Early projections suggest full recovery by Q1 2027 if trading volumes hit targets.

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As Startup INDIAX reported in September 2024, the compensation structure surpasses industry standards for exchange failures. Compare this to other global crypto collapses where users waited years for fractional recoveries through bankruptcy proceedings.

The platform is also waiving all withdrawal fees for the first six months. Users who lost funds can access priority customer support and expedited KYC verification. WazirX has established a dedicated $15 million hardship fund for users who can demonstrate financial distress from the lockup.

How Does Zero Trading Fee Strategy Work?

The zero fee offer runs for 90 consecutive days starting from the official trading restart date. All spot trading pairs involving Bitcoin, Ethereum, USDT, Polygon, and Shiba Inu qualify for the promotion. No minimum or maximum trade limits apply.

This strategy directly targets competitors CoinDCX, ZebPay, and CoinSwitch, which charge 0.15-0.30% per transaction. Industry analysts estimate WazirX needs to capture 18% market share within six months to offset revenue losses from the fee waiver.

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The platform plans to monetize through premium services launching in phase three. These include margin trading with competitive rates, institutional trading desks, crypto lending products, and advanced API access for algorithmic traders. Revenue projections show breakeven by month eight post-restart.

WazirX is also introducing instant UPI integration for deposits up to ₹1 lakh per transaction. The mobile app has been redesigned specifically for tier-2 and tier-3 city users, with regional language support for Hindi, Tamil, Telugu, Bengali, and Marathi. The interface simplifies crypto buying to three taps.

What Security Changes Protect Users?

WazirX to restart operations with what it calls “fortress-level security architecture.” The new system separates hot wallets (4% of assets) from cold storage facilities distributed across three geographic locations. No single administrator can authorize large withdrawals without multi-party verification.

The platform has implemented AI-powered fraud detection monitoring 847 risk parameters in real-time. Unusual trading patterns trigger automatic account freezes pending verification. Users can set custom withdrawal limits and whitelist trusted wallet addresses.

Insurance coverage represents the biggest security upgrade. WazirX secured a $100 million policy from Lloyd’s of London covering theft, hacking, and internal fraud. This makes it the first Indian crypto exchange with institutional-grade insurance protection.

Two-factor authentication becomes mandatory for all accounts. Optional security features include hardware wallet integration for high-value users, SMS alerts for every transaction, and session management showing active login locations. The platform now requires video KYC verification for accounts trading over ₹10 lakh monthly.

The announcement generated intense discussion across Indian crypto communities. One Reddit user wrote, “Nine months of anxiety finally ending. The 55% immediate payout is fair considering the circumstances. Will start with small amounts.”

A Twitter user expressed cautious optimism: “Zero fees is smart marketing but I’m watching the first month closely. They need to prove the security upgrades work under real trading pressure before I trust them with serious money.”

Another crypto investor commented on Telegram, “This could be the comeback story of Indian crypto. If WazirX pulls this off, it proves our ecosystem is resilient. But they’re on thin ice – one more mistake and it’s game over.”

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Will you trust WazirX with your crypto again, or has the damage been too severe? The exchange’s zero fee strategy and comprehensive security overhaul show serious commitment to recovery. Share your thoughts on India’s biggest crypto comeback story in the comments below, and explore more game-changing fintech stories on Startup INDIAX!

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