WazirX Announces to Reopen Crypto Trading Services and Launch a New DeFi Crypto Exchange Crypto Newsexchange news
On 6 Nov 2024, WazirX announced that it is going to restart its crypto trading services for customers. The trade fee revenue generated by the exchange will also go to the WazirX customers
WazirX leadership has decided to bring services back live and introduce new crypto products to increase the exchange’s revenue in order to compensate customers.
WazirX, a Singapore-based crypto exchange popular in India, faced a hack incident 4 months ago and lost nearly half of the customers’ funds. Since then, services have been suspended, and funds have been frozen on the exchange.
On 6 Nov 2024, WazirX announced that it is going to restart its crypto trading services for customers. The trade fee revenue generated by the exchange will also go to the WazirX customers.
To start a new revenue stream for the exchange, a new decentralized crypto exchange (DEX) will be developed by WazirX. A new token will also be launched for the DEX. All these initiatives will help WazirX compensate customers in a shorter time.
