• WazirX relaunches to boost trading and help creditors recover funds by sharing fees from increased platform activity.

  • WazirX plans to launch a DEX and staking options, adding secure, user-friendly features for improved user rewards and creditor benefits.

  • With asset recovery efforts and "White Knight" partnerships, WazirX seeks to secure new funds and strategic support for creditors.

WazirX, India's leading cryptocurrency exchange, is advancing a strategic roadmap to maximize creditor recovery amid challenging times. The exchange plans to relaunch its platform, aiming to boost trading volumes and share fees with creditors. This effort is part of a larger recovery initiative designed to increase financial stability and creditor returns through innovative revenue channels.

https://twitter.com/WazirXIndia/status/1854141317909299500 Relaunching Trading and Introducing DEX

WazirX's top priority is reopening its platform to restore trading and increase trading volumes. Besides traditional trading, WazirX is developing a decentralized exchange (DEX) to blend centralized exchange convenience with self-custody security. 

Consequently, the DEX will feature robust security measures, extensive testing, and a smooth user interface for seamless onboarding. This initiative also includes liquidity rewards and a native token launch, both aimed at enhancing creditor benefits through Recovery Token swaps.

New Products: Staking, OTC Desk, and Futures

WazirX’s plan also includes introducing a staking option that enables users to earn rewards by staking tokens in a secure blockchain environment. Moreover, this staking initiative is designed to provide a lower-risk alternative to traditional lending, reducing counterparty risks. 

Additionally, WazirX is setting up an OTC desk tailored for institutional investors and high-net-worth individuals, offering private, stable transactions with personalized support. This desk is expected to generate revenue through commissions or trade spreads, thus making it an ideal solution for crypto transactions.

The platform will soon offer futures trading, providing users with the flexibility to go long or short on asset prices. With leverage options, traders can amplify their returns, capturing opportunities in the volatile crypto market.

Asset Recovery and White Knight Partnerships

Beyond new product offerings, WazirX remains committed to asset recovery efforts for creditors. The company is actively pursuing legal actions to reclaim stolen or illiquid assets, enhancing potential returns. 

Additionally, WazirX is in talks with potential White Knight investors for strategic partnerships. These partnerships could inject much-needed rescue financing and support, driving additional creditor recoveries.

Through these multi-faceted initiatives, WazirX aims to rebuild its financial foundation while maximizing returns for creditors. By fostering innovation and strategic alliances, WazirX is committed to restoring trust and financial stability in its ecosystem.

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