WazirX has announced plans to launch a decentralized exchange (DEX) aimed at enhancing self-custody and user security. This initiative comes as part of a broader strategy to rebuild user trust after a July 2024 cyberattack resulted in significant financial losses. The DEX will allow users to trade directly without relying on intermediaries, reducing counterparty risks. Additionally, WazirX plans to introduce DEX tokens, which can be used for governance and traded for recovery tokens issued to compensate affected users.