- WazirX says its INR-based futures platform removes USDT conversion barriers for Indian crypto traders.
- The company says futures trading revenue will support additional payouts for eligible Recovery Token holders.
- The company believes clearer crypto regulations in India could support long-term market growth.
WazirX says its new INR-based futures trading platform could help rebuild user trust and support the company’s recovery after the 2024 cyberattack linked to North Korean hackers.
The exchange believes low-fee futures trading designed for Indian users can generate steady revenue and make trading easier for retail users who previously depended on USDT-based systems.
In comments shared with Coin Edition, WazirX said futures trading is a key part of its relaunch and restructuring plans after the hack.
The company added that its goal is not only to grow the platform but also to regain user confidence through transparency, education, and responsible product design.
WazirX Says INR Futures Remove Major Barrier for Indian Traders
One of the key features highlighted by WazirX is its INR-denominated futures infrastructure.
The company said many Indian traders have faced difficulties using offshore exchanges because they often require repeated conversions between Indian rupees and stablecoins like USDT. WazirX believes removing that extra step makes futures trading easier and more accessible for local users.
The exchange also noted that easier INR access could attract more retail traders, especially beginners who are new to derivatives trading.
Beyond convenience, WazirX revealed that revenue from futures trading will be used to support additional payouts for eligible Recovery Token holders as part of its restructuring efforts.
According to the company, rebuilding trust will require more than marketing campaigns or temporary rewards. Instead, WazirX plans to focus on long-term growth and better communication with users.
Futures Trading Becomes Key Part of Recovery Strategy
WazirX explained that futures trading was prioritized because the global crypto market has increasingly shifted toward derivatives over the past few years.
According to the company, futures products now account for most crypto trading activity worldwide. Indian markets have followed a similar pattern, particularly after the introduction of the 1% Tax Deducted at Source (TDS) rule on spot crypto trading.
The company claimed that over 80% of trading volume on Indian crypto exchanges now comes from futures markets. It also said crypto futures trading in India has grown to levels nearly matching equity futures markets over the last five to six years.
WazirX said these trends 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 easier access could help it compete in the crowded derivatives market while generating steady revenue.
That revenue, according to WazirX, is intended to support the company’s restructuring and recovery roadmap following the 2024 attack.
Platform Taking a Cautious Approach to Leverage
Although WazirX is focusing on futures trading, the exchange says it is avoiding high-risk leverage expansion in the early stages of the launch. The platform confirmed that leverage is currently capped at 10x, the same limit used during early testing.
According to WazirX, this decision is meant to encourage responsible trading and better risk management instead of chasing rapid growth.
The company noted that leveraged trading can be risky, especially for beginners who may not fully understand concepts like liquidation, leverage, and margin.
To reduce these risks, WazirX has added mandatory educational quizzes and onboarding checks before users can access futures trading.
The exchange said the gradual rollout will help it monitor liquidity, platform stability, and user preparedness before considering higher leverage options later on.
WazirX added that this cautious strategy is designed to avoid the problems that many highly leveraged crypto platforms have faced during periods of extreme market volatility.
WazirX Focuses on Trust After 2024 Cyberattack
Meanwhile, the shadow of the 2024 exploit continues to influence WazirX’s strategy. The exchange acknowledged that restoring long-term trust remains one of its biggest priorities after the hack linked to North Korean hackers severely affected the platform.
According to WazirX, the company is now taking a more careful and compliance-focused approach to growth.
Rather than aggressively expanding products to boost trading volumes, the exchange says it is focusing on stronger operations, better risk management, and user education.
WazirX also emphasized that linking futures revenue to the restructuring and recovery process is part of its effort to align platform growth with user recovery outcomes.
The company is presenting itself as a more cautious and transparent exchange at a time when many crypto users are worried about security, transparency, and the financial stability of trading platforms.
Exchange Targets Offshore Competition With Lower Fees
WazirX also believes pricing could become one of its strongest advantages against offshore exchanges currently dominating India’s crypto derivatives market.
The company claims it now offers one of the lowest futures fee structures available among exchanges operating in India.
Its platform currently charges a maker fee of 0.02% and a taker fee of 0.04%, without requiring traders to meet large monthly volume targets to unlock lower fees.
According to WazirX, many global exchanges reserve reduced fee structures only for traders executing millions of dollars in monthly trades. This often creates disadvantages for smaller retail users whose profits can be heavily affected by trading fees.
The exchange said its flat low-fee structure is intended to create a fairer environment for both first-time futures traders and high-frequency participants.
WazirX also believes offering INR-denominated contracts gives it an additional edge over offshore platforms that still rely heavily on USDT-based systems.
The company’s goal, it said, is to create a more trusted India-focused trading experience rather than simply competing on aggressive leverage offerings.
WazirX Expects India to Eventually Clarify Crypto Derivatives Rules
Looking ahead, WazirX believes India could gradually move toward clearer regulations for crypto derivatives and leveraged trading.
The company said retail participation in crypto derivatives has already increased significantly despite limited domestic infrastructure and ongoing regulatory uncertainty.
WazirX argued that global progress toward clearer crypto regulations could influence India’s approach in the coming years.
The exchange specifically cited the recent advancement of the CLARITY Act in the United States Senate as a positive development for global sentiment toward digital asset regulation.
According to WazirX, clearer guidelines could encourage more regulated participation in the digital asset ecosystem instead of leaving markets trapped in uncertainty.
Related: WazirX launches crypto Futures with lowest trading fees in the industry
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
