WazirX set to resume operations after year-long shutdown

WazirX, a prominent Indian cryptocurrency exchange, has officially resumed operations after being shut down for over a year. This development is significant as it reflects a potential recovery in the Indian crypto market, which has faced regulatory challenges. Meanwhile, the UK's Financial Conduct Authority (FCA) is intensifying its efforts to regulate unregistered exchanges, highlighting the ongoing global push for compliance and security in the cryptocurrency space.

This month, on-chain perpetual-focused decentralized exchanges have achieved a remarkable milestone by surpassing $1 trillion in total trading volume. This surge not only highlights the growing popularity of decentralized finance but also signifies a shift in how traders are engaging with cryptocurrency markets. As more participants flock to these platforms, it could lead to increased innovation and competition in the crypto space, making it an exciting time for investors and enthusiasts alike.

WazirX, the Indian cryptocurrency exchange, is set to resume trading and withdrawals after a significant hiatus following a hack in July 2024. This reopening is a crucial development for users eager to engage in crypto transactions again, marking a positive turn for the platform and its community. The scheduled restart this Friday brings hope for a revitalized trading environment and reflects the exchange's commitment to restoring trust and functionality.

WazirX has announced the resumption of trading with an exciting 30-day zero fees promotion and a phased rollout of new tokens. This move is significant as it not only enhances user engagement but also positions WazirX as a competitive player in the cryptocurrency market, especially in India, where trading fees can be a barrier for many users. The initiative aims to attract both new and existing users, fostering a vibrant trading environment.

In a surprising turn of events, President Donald Trump has granted a presidential pardon to Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world. This pardon comes after Zhao pleaded guilty to charges related to money laundering. The decision is significant as it not only clears Zhao's legal troubles but also reflects a shift in the regulatory landscape for cryptocurrencies, potentially boosting confidence in the crypto market.

WazirX, India's largest crypto exchange, is set to relaunch trading, deposits, and withdrawals on October 24, 2025, after a year-long halt due to a significant hack. This relaunch is crucial as it not only marks a new beginning for the platform but also comes with a promise to compensate affected creditors within ten business days. Nischal Shetty, the founder, reflects on the lessons learned during this challenging period, emphasizing the importance of trust and security in the crypto space.

OKX has just launched an innovative service aimed at banks, allowing them to provide access to digital assets for their institutional clients. This move is significant as it opens up new avenues for banks to engage with the growing crypto market, potentially enhancing their service offerings and attracting more customers interested in cryptocurrencies.

WazirX is making a strong comeback by offering 30 days of zero-fee crypto trading, aiming to rebuild liquidity and trust after a long break. This initiative is significant as it not only attracts users back to the platform but also revitalizes the overall trading environment in the crypto space, which has faced challenges recently.

Polymarket, a leading prediction market platform, is set to launch a token airdrop and secure significant venture capital funding. This move is exciting for users and investors alike, as it not only enhances the platform's offerings but also signals confidence in the future of decentralized prediction markets. The airdrop could incentivize more participation, while the VC backing may lead to further innovations and improvements, making Polymarket a key player in the evolving landscape of blockchain technology.

Coinbase's x402 protocol has experienced an astonishing 10,000% increase in transaction activity over the past month, showcasing the growing interest in autonomous AI transactions. This surge highlights the potential of AI in revolutionizing how transactions are conducted online, making it a significant development in the cryptocurrency space.

The REX-Osprey XRP ETF has just surpassed $100 million in assets under management, marking a significant milestone for cryptocurrency investment in the U.S. Launched in September 2025, this ETF represents a pivotal moment for XRP, as it opens new avenues for investors looking to engage with digital assets. The announcement by REX Shares highlights the growing acceptance and integration of cryptocurrencies into mainstream finance, making it an exciting time for both seasoned investors and newcomers.

The XRP Ledger is playing a crucial role in VERT's ambitious expansion into Brazil's tokenized credit market. This development is significant as it highlights the growing trend of digital assets in traditional finance, potentially offering faster and more efficient credit solutions for consumers and businesses alike. With Brazil's increasing interest in blockchain technology, VERT's move could pave the way for more innovative financial products in the region.

Binance is making waves in the cryptocurrency world as Kyrgyzstan has chosen the BNB Chain to launch its national CBDC stablecoin. This move marks a significant step towards digital finance adoption in the region, potentially boosting the value of BNB. As countries explore state-backed digital currencies, this partnership could pave the way for more widespread acceptance of cryptocurrencies, making it an exciting development for investors and the crypto community alike.

In a significant move, President Donald Trump has appointed Michael Selig as the new chair of the Commodity Futures Trading Commission (CFTC). This decision is seen as a positive step towards enhancing regulatory clarity for the cryptocurrency industry, which has been a focus of the Trump administration. By placing Selig in this key role, the administration aims to foster a more supportive environment for crypto innovations, potentially paving the way for further developments in the sector.