WazirX to Resume Trading and Withdrawals More Than a Year After $234M Hack

💡 DMK Insight

A phased restart with BitGo custody could reshape market confidence in this platform. For traders, this news is significant because it indicates a potential stabilization after restructuring, which might attract both retail and institutional interest. The partnership with BitGo, known for its security, could enhance trust, especially in a volatile market. Keep an eye on how this affects trading volumes and price movements in related assets, particularly those that have been under pressure due to the platform’s previous issues. If the market responds positively, we might see a bullish trend forming, especially if key resistance levels are broken. However, there’s a flip side: if the phased approach leads to delays or operational hiccups, it could trigger renewed skepticism. Watch for any updates on timelines or operational milestones that could impact trader sentiment in the coming weeks.