WazirX says its new INR-based futures trading platform could rebuild user trust and aid the company’s recovery after the 2024 cyber attack linked to North Korean hackers.
The exchange believes that low-commission futures trading designed for Indian users will provide stable returns and make trading easier for the retail users it has traditionally relied on. $USDTbased system.
In comments shared with Coin Edition, WazirX said that futures trading is an important part of its relaunch and restructuring plan following the hack.
The company added that its goal is not only to grow the platform, but also to regain user trust through transparency, education, and responsible product design.
WazirX says INR futures removes major barriers for Indian traders
One of the key features highlighted by WazirX is its INR-denominated futures infrastructure.
The company said many Indian traders face difficulties in using offshore exchanges. This is because offshore exchanges frequently require exchange between Indian rupees and stablecoins. $USDT. WazirX believes that by removing that extra step, it will make futures trading easier and more accessible for local users.
The exchange also noted that easier access to INR could attract more retail traders, especially beginners who are new to derivatives trading.
Beyond convenience, WazirX has revealed that proceeds from futures trading will be used to support additional payments to eligible recovery token holders as part of its restructuring efforts.
The company says rebuilding trust will require more than marketing campaigns and one-time rewards. Instead, WazirX plans to focus on long-term growth and better communication with users.
Futures trading becomes a key part of recovery strategy
WazirX explained that futures trading has become a priority as the global crypto market has increasingly moved towards derivatives over the past few years.
According to the company, futures products currently account for most of the crypto trading activity around the world. The Indian market is following a similar pattern, especially after the introduction of the 1% tax deduction at source (TDS) rule for spot crypto trading.
The company claimed that currently more than 80% of the trading volume of Indian crypto exchanges comes from the futures market. He also stated that virtual currency futures trading in India has grown over the past five to six years to a level that is almost comparable to the stock futures market.
WazirX said these trends have created an opportunity to build a futures platform specifically designed for Indian traders.
The exchange said its focus on INR-based trading, lower fees and greater accessibility could help it compete in the crowded derivatives market while generating stable revenue.
According to WazirX, the proceeds are intended to support the company’s restructuring and recovery roadmap following the 2024 attacks.
A cautious approach to platform leverage
Although WazirX is focused on futures trading, the exchange says it avoids high-risk leverage increases in the early stages of launch. The platform has confirmed that leverage is now limited to 10x, the same limit used during early testing.
According to WazirX, this decision is aimed at encouraging responsible trading and better risk management rather than chasing rapid growth.
The company noted that leveraged trading can be risky, especially for beginners who may not fully understand concepts such as clearing, leverage, and margin.
To mitigate these risks, WazirX has added mandatory educational quizzes and onboarding checks before users can access futures trading.
The exchange said the phased rollout will help it monitor liquidity, platform stability and user readiness before considering higher leverage options later.
WazirX added that this cautious strategy is designed to avoid the problems many highly leveraged cryptocurrency platforms have faced during extreme market volatility.
WazirX focuses on trust after cyber attacks in 2024
Meanwhile, the shadow of the 2024 exploit continues to impact WazirX’s strategy. The exchange acknowledged that restoring long-term trust remains one of its biggest priorities after a hack linked to North Korean hackers severely impacted its platform.
According to WazirX, the company is now taking a more cautious and compliant approach to growth.
The exchange says it is focused on strengthening operations, improving risk management and user education, rather than aggressively expanding its products to increase trading volumes.
WazirX also emphasized that tying futures revenue to the rebuilding and recovery process is part of its efforts to align platform growth with user recovery outcomes.
The company is pitching itself as a more cautious and transparent exchange at a time when many crypto users are concerned about the security, transparency, and financial stability of trading platforms.
Exchanges aim to compete offshore with lower fees
WazirX also believes that pricing could be one of its strongest advantages over the offshore exchanges that currently dominate India’s crypto derivatives market.
The company currently claims to offer the lowest futures commission structure of any exchange operating in India.
The platform currently charges a maker fee of 0.02% and a taker fee of 0.04%, and traders do not need to hit large monthly trading volume targets to get lower fees.
According to WazirX, many global exchanges offer discounted fee structures only for traders who execute millions of dollars of trades each month. This is often to the detriment of smaller retail users, whose profits can be significantly affected by transaction fees.
The exchange said its flat, low-fee structure is aimed at creating a more level playing field for both first-time futures traders and high-frequency participants.
WazirX also believes that offering INR-denominated contracts will give it an additional advantage over offshore platforms, on which it remains highly dependent. $USDTbased system.
The company said its goal is to create a more trusted India-focused trading experience, rather than simply competing with aggressive leverage services.
WazirX expects India to finally clarify rules for crypto derivatives
Looking ahead, WazirX believes that India may gradually move towards clearer regulations on crypto derivatives and leveraged trading.
The company said that despite limited domestic infrastructure and continued regulatory uncertainty, retail participation in crypto derivatives has already increased significantly.
WazirX asserted that global developments towards clearer cryptocurrency regulation could influence India’s approach in the coming years.
The exchange specifically cited the recent advancement of the CLARITY Act in the US Senate as a positive development in global sentiment towards digital asset regulation.
According to WazirX, clearer guidelines could encourage more regulated participation in the digital asset ecosystem, rather than keeping the market trapped in uncertainty.
Related: WazirX launches cryptocurrency futures trading with lowest trading fees in the industry
