WazirX Resumes Trading After Year-Long Hiatus, Plans Phased Relaunch of Crypto Platform
WazirX has officially begun reopening its trading operations more than a year after halting services due to a major security breach. The exchange has launched a “phased, transparent restart,” offering zero-fee trading in all markets for the first 30 days to attract users back and rebuild trust. The move is seen as a crucial step not only for WazirX but also for India’s broader cryptocurrency ecosystem, which has been closely monitoring the exchange’s recovery. While trading has resumed, users looking to withdraw funds will still need to wait, as withdrawals remain partially suspended.
The phased rollout is designed to restore liquidity and ensure investor confidence. Following a Singapore court’s approval of WazirX’s restructuring plan earlier this month, the exchange is gradually reactivating trading for users. Initially, around 25 percent of all tokens are being enabled each day, starting with the USDT/INR pair. Other INR markets will follow over the coming days. By activating trading in stages, WazirX aims to maintain technical stability while confirming that its systems can handle the restored activity safely.
Trading officially started with order placement at 10 a.m. IST, with order matching beginning around 11 a.m. IST. INR deposits and withdrawals are already operational, and cryptocurrency withdrawals are being reopened gradually. The exchange has indicated that the phased approach will help “restore liquidity safely, confirm technical stability, and ensure a reliable return to normal trading,” reflecting its cautious approach after last year’s security incident.
Despite these efforts, some users have reported issues when attempting withdrawals. WazirX had previously outlined a 10-business-day timeline, ending October 30, for full withdrawal access. This suggests that, while trading has resumed, users may need to wait a few more days before being able to fully access their crypto holdings. The relaunch represents a significant test of the platform’s resilience and its ability to regain the trust of Indian crypto investors.
