Technology
WazirX says Q3 futures volume rose 236 percent
The Hindu BusinessLine··3d ago
Indian crypto exchange WazirX said futures trading volume rose 236 percent from early July to end-September. September peak volume was about 345 percent above early-July levels, it said. Daily futures traders were about 279 percent higher. The quarter brought INR-margined USDT perpetual futures and an AI trading assistant. Vice president Rajagopal Menon linked the rise to demand for accessible products.
Prism
What It Means For You
- Users can margin some USDT perpetual contracts in rupees without first buying USDT.
- WazirX AI can analyse markets, review portfolios and place trades in one interface.
- TaxLyst consolidates exchange histories to generate tax-ready gain and loss reports.
What's Happening
- USDT contracts made up about 20-35 percent of daily futures volume on some September days.
- The AI assistant added USDT futures support, portfolio views and realised P and L in September.
- Web tools now include take-profit, stop-loss and automatic margin top-ups.
What Else the Exchange Reported
- USDT's share of participating traders rose to about 15-18 percent by end-September.
- WazirX said winning trades were more than 60 percent of all trades, without detailing the method.
- Trade reports now show names and PAN instead of email addresses and member IDs.
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