WazirX launches crypto futures trading with lowest fees in the industry

WazirX on Wednesday launched crypto Futures trading, which it says has the lowest trading fees among crypto exchanges operating in India; The platform aims to expand Futures access for retail investors.

Futures transactions will carry a 0.02 percent maker fee and 0.04 percent taker fee, and no minimum trading volume is required to access rates, the exchange said. Users will also be able to buy Futures directly in rupees without converting funds to USDT.

“Futures trading in India meant high fees unless you were a large-cap institutional trader. We changed that baseline,” said Nischal Shetty, founder of WazirX.

As part of its drive towards responsible trading practices, users will be required to complete a mandatory information assessment covering leverage, margin and liquidation risks before accessing Futures products, the company said.

WazirX said the proceeds from Futures trading will also support ongoing restructuring efforts and additional recoveries for eligible creditors holding Recovery Tokens, beyond the 85 percent fund distribution that has already been completed.

The launch of WazirX Futures will occur in phases depending on liquidity, risk controls and user readiness.