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WazirX Trades Unlimited: Flat Fee Replaces Per-Order Costs
26 Nov
Summary
- WazirX Zero charges ₹99 monthly for unlimited trading on over 300 tokens.
- This model replaces per-order fees, altering exchange-user incentives.
- The new structure aims to reduce user costs and encourage active participation.
WazirX has introduced WazirX Zero, a new trading model that replaces per-order charges with a flat ₹99 monthly fee for unlimited trading on over 300 tokens. This move aims to simplify costs and fundamentally change the incentives between the exchange and its users, moving away from traditional volume-based fee structures.
The exchange highlighted that frequent traders can incur significant costs under the old model, potentially reaching around ₹6,000 annually, which reduces capital for future trades. WazirX Zero is designed to eliminate these recurring charges, benefiting both high-volume traders and retail investors by lowering recurring expenses.
Nischal Shetty, Founder of WazirX, stated the new model simplifies charges and fosters a different dynamic between the exchange and users. WazirX Zero is now the default trading model on the platform, signaling a significant shift in how trading fees are structured.
