WazirX Cryptocurrency Trading Operations Restarting on October 24, 2025

WazirX will commence its cryptocurrency trading services again on October 24, 2025, following a suspension of 16 months. According to an official announcement from WazirX, this reopening is the result of a restructuring plan that received approval from a Singapore Court, allowing the exchange to resume its operations and address user claims.

The platform will initiate its services with zero trading fees applicable on crypto-to-crypto and USDT/INR trading pairs. This strategic decision aims to reactivate user accounts and enhance transaction volumes on the platform.

Restructuring and Approval of Plan

WazirX stated that over 95% of creditors, both in terms of number and claim value, backed the restructuring process. The implementation of this plan will occur under the oversight of the Singapore Court, which will assist in managing liabilities and facilitating a return to full trading operations.

Partnership with BitGo for Enhanced Security

To further bolster security measures for its digital assets, WazirX has entered into a partnership with BitGo. This collaboration will enable users to securely store their crypto holdings through a high-quality custody solution designed for institutional use.

Background of the Trading Halt

The exchange suspended its operations in mid-2024 due to a security incident that resulted in a loss of approximately $235 million. Since then, WazirX has conducted an internal review and restructured its management and compliance departments.

New Operational Focus

With the newly established framework, WazirX will concentrate on exchange operations, custodial management, and compliance measures in regulated markets. The company plans to rebuild its presence in the market and broaden the selection of supported tokens and trading pairs in the forthcoming months.

WazirX has assured users that all balances will be securely migrated prior to the resumption of trading activities. The processes for deposits, withdrawals, and fiat conversions will be restored in phases following the relaunch of trading services on October 24.