WazirX has announced the launch of crypto Futures trading, introducing crypto derivatives for Indian traders with what the company claims is the lowest trading fee structure among Indian crypto exchanges.
Under the new offering, WazirX Futures will charge a maker fee of 0.02% and a taker fee of 0.04%, with no minimum trading volume required to access the rates.
The platform will also allow users to access Futures trading directly using INR, eliminating the need to first convert funds into USDT before opening positions.
“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.
The company said users will be required to complete a mandatory knowledge quiz covering leverage, margin, and liquidation before accessing Futures trading, as part of efforts to encourage responsible participation.
WazirX added that the Futures platform will be rolled out in phases depending on liquidity, risk management controls, and user readiness.