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WazirX to launch a decentralised exchange and add new features to its existing platform

  • Crypto exchange WazirX is developing a decentralised exchange (DEX) to allow direct trading of crypto assets among users, reducing counterparty risk.
  • The DEX platform aims to provide better user experience and easier onboarding than centralized exchanges, addressing the limitations of bad user experience and lack of ease in trading on existing DEX platforms.
  • WazirX is also introducing three new features on its platform: crypto staking, over-the-counter (OTC) desk, and futures trading.
  • The company plans to reopen the exchange in February after a cyber heist and loss of $234.9 million worth of assets.

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