Synopsis
Delta Exchange’s Indian platform offers secure options trading on various crypto assets, supported by prominent investors and boasting impressive trading volumes and growth.
Delta Exchange on Thursday announced the official launch of its Indian platform which will offer options trading on Bitcoin (BTC), Ethereum (ETH) and other crypto assets. A company release said that it is India’s first and only platform to offer options trading.
Founded by Pankaj Balani, Jitender Tokas and Saurabh Goyal and backed by investors such as CoinFund, Sandeep Nailwal’s family office, Aave, Kyber Network, SinoGlobal Capital and others, Delta Exchange promises to offer a secure experience to Indian traders allowing them to trade in INR.
The company has Series-A funding and claims to have over 1 lakh Indian users on board the beta-version of the Indian platform.
Crypto Tracker
TOP COIN SETSWeb3 Tracker9.28% BuyNFT & Metaverse Tracker6.86% BuyBTC 50 :: ETH 505.83% BuyCrypto Blue Chip – 55.81% BuyAI Tracker1.30% BuyTOP COINS (₹) Bitcoin5,303,812 (3.25%)BuySolana12,368 (3.14%)BuyEthereum290,978 (2.43%)BuyBNB48,518 (0.98%)BuyTether83 (0.16%)BuyThe daily trading volume has hit $300 million at its peak within just 2 months of its beta launch, the release said.
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View Details »The crypto derivatives platform is fully compliant and is registered with the Financial Intelligence Unit—India, a regulatory requirement for crypto exchanges, the company release said.
Among top features, the platform allows seamless and instant INR deposit and withdrawal. “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,” the release said.
Globally, Delta Exchange has been operational for over six years. It facilitates crypto trading of derivatives products such as options with daily expiry, altcoin options, interest rate swaps, etc.
The monthly transaction volume is $17 billion and the company has been witnessing a year-on-year (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”.
Also Read: Crypto Price Today: Bitcoin holds above $60k but down 1.5%. Ethereum, BNB, Solana, Dogecoin, others fall up to 4%
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