Delta Exchange launches India platform for crypto futures & options trading

The company has Series-A funding and claims to have over 1 lakh Indian users on board the beta-version of the Indian platform.

The daily trading volume has hit $300 million at its peak within just 2 months of its beta launch, the release said.

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 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”.

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Source: Forex-Markets-Economic Times