Foresight News reports, according to Cointelegraph, WazirX founder Nischal Shetty stated that they plan to launch a decentralized trading platform. This decision is a response to the WazirX hacking incident in July this year, which helps mitigate the counterparty risk inherent in centralized platforms. In addition, he also mentioned plans to launch a corresponding DEX token for paying fees on the platform and providing governance tools.