WazirX Launches Low-Cost Crypto Derivatives Trading Platform In India
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WazirX launches low fee crypto Futures in India, offers INR based access, mandatory knowledge quiz, and plans phased expansion to boost profits for Recovery Token creditors
Wazir enters into futures trading
WazirX has entered into crypto Futures trading, bringing crypto derivatives to Indian traders with a fee structure that makes professional-grade trading accessible to everyone.
WazirX Futures will have a maker fee of 0.02% and a taker fee of 0.04%. Among Indian crypto exchanges, this is the lowest fee, with no volume threshold required to access it. Users can also access Futures directly with INR, without converting to USDT before opening a position, removing a friction point that has historically complicated derivatives trading for Indian retail traders.
“Futures trading in India has meant high fees unless you are a large-volume institutional trader. We have changed that baseline. A trader starting out on WazirX Futures gets the same fee rate as an institutional trader on most other platforms.The aim is to provide a robust platform with low fees for futures traders,” said Nischal Shetty, founder, WazirX.
Before accessing Futures, users complete a mandatory knowledge quiz covering leverage, margin and liquidation. The initiative is designed to encourage responsible trading practices, to ensure users are well informed before they participate in Futures trading. At the same time, the platform is investing in user education initiatives to help a broader base of traders understand Futures well.
WazirX Futures is also linked to the platform’s ongoing Restructuring. Futures trading will generate further profits from platform operations and directed toward additional recoveries for eligible creditors who hold Recovery Tokens. This is on top of the 85% fund distribution already completed.
WazirX Futures will be expanded in phases, based on liquidity, risk controls and user readiness.
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