Thursday, June 27, 2024

Delta Exchange Launches Operations In India With Crypto Futures And Options Trading

Delta Exchange, a globally leading digital asset derivatives exchange, has announced the official launch of its Indian platform today. Founded by seasoned entrepreneurs, Pankaj Balani, Jitender Tokas and Saurabh Goyal, the company is proud to present a crypto derivatives platform that is fully compliant and is registered with the Financial Intelligence Unit—India, a regulatory requirement for crypto exchanges.

With this launch, Delta Exchange has become India’s first and only platform to offer Options trading on Bitcoin (BTC), Ethereum (ETH) and more crypto assets. Among the other prime features of Delta Exchange, the platform allows seamless and instant INR deposit and withdrawals. This allows traders to operate on the derivatives exchange without the need of holding stablecoins or any other crypto coins. With a heavy focus on compliance and safety of its users, Delta Exchange India does not accept cryptocurrency deposits or withdrawals thereby eliminating any risks associated with crypto custody.

Backed by major investors such as CoinFund, Sandeep Nailwal’s family office, Aave, Kyber Network, SinoGlobal Capital etc., Delta Exchange is setting a new standard in the Indian market by offering a secure experience to Indian traders allowing them to trade in INR. With a Series-A funding and over 100,000 Indian users already onboarded on the beta-version of the Indian platform, Delta Exchange is one of the fastest growing Crypto derivatives exchanges in the region with the daily trading volume already hitting $300 million at its peak within just 2 months of its beta launch.

Globally, Delta Exchange has been operational for over six years, facilitating seamless crypto trading by introducing many innovative derivatives products such as Options with daily expiry, Altcoin Options, Interest Rate Swaps, etc. With a monthly transaction volume of $17B, the company has been witnessing a YoY growth of ~160%. 

On the launch, Pankaj Balani, Co - Founder & CEO, Delta Exchange said, "Our launch in India marks a significant milestone in our mission to bring a secure, compliant and trader-centric platform for Futures & Options (F&O) traders in the country. Delta Exchange’s unique platform focuses on select crypto derivatives, thus eliminating the need to park crypto assets for trading, allowing users to trade with confidence. This approach ensures that both seasoned traders and newcomers can explore the opportunities in crypto derivatives within a secure and compliant environment. Additionally, it allows traders to deal in INR only, making the process smooth and transparent.”

The company’s mission is not only to provide a comprehensive trading experience but also to ensure deep liquidity. The company works with market makers to provide rich order-books unlike other crypto companies who showcase the order-books of foreign exchanges and lack depth. As part of its Options offering, Delta Exchange offers daily, weekly and monthly expiries for Bitcoin & Ethereum’s Options contracts, thus allowing more opportunities for traders in the market.

Now, with its official launch in India, a nation known for its pioneering grassroots adoption in the crypto sphere (as highlighted by the Global Crypto Adoption Index) as well as a strong derivatives market in traditional finance, Delta Exchange is poised for strong growth.

At Delta Exchange, user-centricity is paramount. The platform offers lowest fee on trading of crypto futures and options for Indians ensuring customers retain more of their profits with every trade with very low margin required to get started compared to traditional markets. Moreover, Delta Exchange prioritizes data privacy, employing enterprise-grade security measures and manual withdrawal processes to safeguard users' funds. Additionally, the platform enhances security and trust by completely avoiding the custody of users' crypto assets and the company is also compliant with India’s Financial Intelligence Unit (FIU-India) guidelines. With 24X7 customer support, Delta Exchange stands as the top destination for Indian F&O traders seeking a secure and rewarding crypto derivatives trading experience.

About the company:

Founded in 2018, Delta Exchange is a digital asset derivatives exchange backed by marquee investors. Delta Exchange offers Futures, Perpetuals, and Options trading across Bitcoin, Ethereum and leading Altcoins. The company's mission is to accelerate the advancement of the crypto financial system by building a highly-liquid and trusted derivatives trading platform developed to serve both retail and institutional traders. Delta Exchange provides access to an institutional-grade trading platform built for the digital asset markets. Whether traders are seeking high-speed execution, comprehensive market analysis tools, or robust risk management features, Delta Exchange delivers a seamless trading experience tailored to meet the diverse needs of today's F&O traders.


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