WazirX Launches Crypto Futures Trading Amid Recovery After $230 Million Hack

Indian crypto exchange WazirX has launched futures trading on its platform as part of its recovery strategy following the $230 million cyberattack that disrupted operations last year. The company said the new futures segment offers one of the lowest fee structures among Indian crypto exchanges, with maker fees at 0.02% and taker fees at 0.04%, without requiring minimum trading volumes.

Founder Nischal Shetty said the move aims to make futures trading more accessible for retail traders by offering institutional-level fee benefits to all users. Unlike several global crypto derivatives platforms, WazirX will allow users to trade futures directly using Indian rupees instead of first converting funds into stablecoins such as USDT.

To encourage responsible trading, WazirX has introduced a mandatory knowledge test covering leverage, margin, and liquidation risks before users can access futures trading. The exchange also said revenue from the futures platform will contribute to its ongoing restructuring and recovery efforts, helping provide additional returns to eligible creditors beyond the 85% recovery distribution already completed.

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