WazirX to resume operations on October 24 after court-approved restructuring

Indian cryptocurrency exchange WazirX said on Thursday it will restart operations on Oct 24, following the completion of its restructuring process approved by the High Court of Singapore and backed by a majority of its creditors.

The exchange, which halted operations earlier this year amid financial and regulatory challenges, said the restart marks a “fresh chapter” focused on rebuilding user trust, transparency, and innovation.

As part of its “Restart Offer,” WazirX will waive trading fees across all pairs to encourage participation and liquidity on the platform. Trading will initially be available for select crypto-to-crypto pairs and the USDT/INR pair, with additional markets to be rolled out gradually over the coming days, the company said in a statement.

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In a move to bolster fund security, WazirX has partnered with BitGo, a US-based digital asset custody provider, to offer institutional-grade, insured custody solutions. The exchange said the partnership aims to enhance transparency and safeguard users’ assets in line with global best practices.

“At the heart of everything we do is our mission to make crypto accessible to every Indian,” said Nischal Shetty, founder of WazirX. “Our partnership with BitGo adds an additional layer of trust and protection as we restart operations. This isn’t just a return to business-it’s a reinforcement of our integrity.”

WazirX said it has completed token swaps, mergers, delistings, and migrations involving various tokens and expects to begin token distributions to creditors within 10 business days. The platform is also working on issuing recovery tokens to creditors as part of the restructuring process.Read about our editorial guidelines and ethics policy