In the next days, WazirX said, the relaunch would gradually expand to other markets, starting with a few crypto-to-crypto pairings including the USDT/INR pair.
WazirX, a cryptocurrency exchange, said on Thursday that it will resume operations on Friday, October 24. This comes after the High Court of Singapore approved the conclusion of its reorganization procedure.
In the next days, WazirX said, the relaunch would gradually expand to other markets, starting with a few crypto-to-crypto pairings including the USDT/INR pair.
Following a hack on WazirX in July of last year that stole over Rs 2,000 crore in money, the exchange has not been able to function.
The exchange also revealed that all customers may take advantage of 0% trading costs on all trading pairs as part of the Restart Offer.
“At the core of everything we do is our objective to make crypto accessible to every Indian,” said Nischal Shetty, founder of WazirX. I would want to express my gratitude to the WazirX community for their perseverance throughout these trying times. At the moment, asset security is a critical component of the global cryptocurrency ecosystem. As we relaunch, our collaboration with BitGo offers an extra degree of security and confidence with top-notch custody standards. This is a confirmation of our honesty, which we have always aimed for, not simply a return to business as usual.
WazirX completed token swaps, mergers, delistings, token migrations, and any rebrandings earlier this week.
In the meanwhile, the international blockchain startup Binance said that it would allow its customers in more than 70 countries to make direct USD payments and withdrawals. Retail and business customers in qualified nations will be able to fund, store, and convert USD to cryptocurrency from their fiat wallet and vice versa with ease thanks to BPay Global, a Payments Service Provider with a Central Bank of Bahrain license and regulation and a member of the Binance Group.
Thomas Gregory, vice president of Fiat at Binance, said, “After considerable anticipation, we are thrilled to give our customers an on- and off-ramp for USD, the most utilized currency for transactions throughout the globe, which caters to our broad global user base and their requirements.” “We can further reduce entry barriers to crypto with cheap prices by offering greater USD services,” he said.