WazirX, the crypto exchange that suffered a $235 million hack in 2018, is now turning to artificial intelligence and futures trading to regain its position in the market. Founder Nischal Shetty has announced the development of 'WazirX AI', an AI assistant that will allow users to interact with the platform through natural language commands. This innovation aims to simplify trading by eliminating the need for users to manually configure trading parameters or understand complex trading interfaces.

The exchange has also introduced WazirX ZERO, a subscription-based model that allows users to trade more than 300 tokens for a fixed monthly fee. This model eliminates per-trade fees, offering a more predictable cost structure for traders. The introduction of these new features is part of a broader strategy to restore user confidence and reestablish WazirX as a leading player in the crypto trading space.

One of the key features of WazirX AI is its ability to execute trades based on user instructions, such as buying Bitcoin after a 5 per cent price decline. This functionality is designed to reduce the complexity of trading for users who may not be familiar with traditional trading interfaces. The exchange has also emphasized the importance of customer service, stating that it will focus on delivering a seamless user experience to differentiate itself from larger competitors.

The move to adopt AI and futures trading comes at a time when the crypto market is becoming increasingly competitive. While the exchange acknowledges the presence of mature players and a larger ecosystem, it remains confident that its focus on product quality and customer service will help it break through and regain market share. The introduction of these new tools is expected to attract a broader range of users, including those who may have been deterred by the complexity of traditional trading platforms.

The long-term success of WazirX's strategy will depend on its ability to maintain user trust and deliver consistent performance. The exchange has outlined a plan to distribute the remaining 15 per cent of user balances over three years, with 85 per cent already distributed within 10 days of the restart. This approach aims to ensure a fair and transparent recovery process for affected users while also demonstrating the exchange's commitment to accountability and transparency.