WazirX Disrupts Indian Crypto Market with Lowest Futures Trading Fees

WazirX introduces crypto Futures trading in India with the lowest fees in the market, aiming to make Futures more accessible to retail traders. Featuring a maker fee of 0.02% and a taker fee of 0.04%, the platform eliminates the need for converting funds into USDT before trading. Mandatory knowledge assessments ensure informed trading.

In a significant move, crypto exchange WazirX has launched what it claims to be the lowest-cost Futures trading service in India. The platform announced this new initiative on Wednesday, aiming to broaden Futures access among retail traders.

WazirX's Futures trades will bear a maker fee of 0.02% and a taker fee of 0.04%. These low fees come with no minimum trading volume requirement, and trades can be executed directly in Indian rupees, bypassing the traditional conversion into USDT.

As part of its commitment to responsible trading, WazirX requires users to complete a mandatory knowledge assessment covering leverage and margin risks before accessing Futures products. Revenue from this venture will aid the company's restructuring and support eligible creditors through Recovery Tokens.