WazirX says its newly launched INR-denominated futures platform could play a key role in rebuilding user trust and supporting its long-term recovery efforts following the 2024 cyberattack linked to North Korean hackers.
In responses shared with Coin Edition, the exchange said futures trading has become a central part of its restructuring roadmap as it works to restore confidence in the platform and generate sustainable operational revenue.
According to WazirX, the overall objective goes beyond expanding trading volumes. The company said it is also focused on improving transparency, strengthening user education, and building a more responsible trading environment for Indian crypto users.
The exchange added that revenue generated from futures trading will contribute toward additional recoveries for eligible Recovery Token holders.
INR Futures Designed to Remove Barriers for Indian Traders
WazirX highlighted its INR-denominated futures system as a key improvement for Indian users.
The exchange said many traders in India face friction when using offshore platforms because they repeatedly need to convert Indian rupees into stablecoins like $USDT. WazirX believes removing this step makes futures trading simpler and more accessible.
The company added that easier access to INR could help attract more retail participants, particularly beginners entering the derivatives markets for the first time.
Beyond convenience, WazirX noted that revenue from futures trading will also support additional payouts for eligible Recovery Token holders as part of its restructuring process.
The exchange emphasized that rebuilding trust will require more than short-term incentives or marketing efforts. Instead, it said it is focusing on long-term growth, better communication, and consistent platform development.
Futures Trading Becomes Central to Recovery Strategy
Meanwhile, WazirX said futures trading became a priority as global crypto markets increasingly shifted toward derivatives over recent years.
The exchange noted that futures products now account for the majority of global crypto trading activity. In India, it said a similar trend has emerged, especially after the introduction of the 1% Tax Deducted at Source (TDS) on spot crypto trading.
The company claimed that more than 80% of trading volume on Indian crypto exchanges now comes from futures markets. It also stated that crypto futures activity in India has grown to levels close to equity futures markets over the past five to six years.
WazirX said these market shifts created an opportunity to build a futures platform tailored specifically for Indian traders.
It added that its focus on INR-based trading, low fees, and simplified access could help it compete in a crowded derivatives market while generating stable revenue.
That revenue, the company said, will support its broader restructuring and recovery roadmap following the 2024 attack.
Platform Adopts Cautious Approach to Leverage
While futures trading is central to the relaunch strategy, WazirX said it is deliberately avoiding aggressive leverage expansion in the early phase.
The exchange confirmed that leverage remains capped at 10x, the same level used during its early testing phase.
According to the company, the decision is aimed at promoting responsible trading and stronger risk management rather than prioritizing rapid growth.
WazirX noted that leveraged trading carries significant risks, particularly for beginners who may not fully understand liquidation, margin, and leverage mechanics.
To address this, the exchange has introduced mandatory educational quizzes and onboarding checks before users can access futures trading.
It added that the phased rollout will allow it to monitor liquidity, platform stability, and user readiness before considering any increase in leverage levels.
WazirX also said this approach is designed to avoid risks that highly leveraged platforms have faced during periods of extreme market volatility.
WazirX Prioritizes Trust After 2024 Cyberattack
The 2024 exploit continues to shape WazirX’s strategy, the exchange acknowledged.
It said restoring long-term trust remains one of its top priorities after the hack linked to North Korean hackers significantly impacted the platform.
WazirX said it is now taking a more compliance-focused and measured approach to growth.
Rather than aggressively scaling products to increase trading volumes, the exchange said it is prioritizing stronger operational systems, improved risk management, and increased user education.
It also emphasized that linking futures revenue to its restructuring and recovery process is part of an effort to align platform growth with user recovery outcomes.
The company said it is positioning itself as a more transparent and cautious exchange at a time when concerns around security and platform stability remain high in the crypto industry.
Lower Fees and INR Access Target Offshore Competition
WazirX also argued that competitive pricing could help it compete with offshore exchanges that currently dominate India’s derivatives market.
The company said it now offers one of the lowest futures fee structures in the Indian market.
Its platform charges a maker fee of 0.02% and a taker fee of 0.04%, without requiring users to meet high monthly trading volumes to access lower fees.
WazirX said many global exchanges reserve reduced fee tiers for high-volume traders executing millions of dollars in monthly trades, which often disadvantages smaller retail users.
The exchange added that its flat low-fee structure is designed to create a fairer environment for both first-time and high-frequency traders.
It also believes INR-denominated futures contracts give it an additional advantage over offshore platforms that still rely heavily on $USDT-based systems.
WazirX said its goal is to build a more trusted, India-focused trading experience rather than competing solely on leverage or speculative incentives.
WazirX Expects Gradual Clarity in India’s Crypto Rules
Looking ahead, WazirX said it expects India to 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.
It added that global regulatory progress could influence India’s approach in the coming years.
WazirX specifically pointed to the advancement of the CLARITY Act in the United States Senate as a positive signal for global digital asset regulation.
According to the exchange, clearer guidelines could encourage more regulated participation in the crypto ecosystem instead of leaving markets in uncertainty.
Related: WazirX launches crypto Futures with lowest trading fees in the industry
