Delta Exchange, a prominent player in the global digital asset derivatives market, has unveiled its highly anticipated Indian platform today. Founded by seasoned entrepreneurs Pankaj Balani, Jitender Tokas, and Saurabh Goyal, the exchange marks a significant milestone by becoming India’s first fully compliant crypto derivatives platform registered with the Financial Intelligence Unit—India.
The platform introduces a range of innovative features tailored for Indian traders, including options trading on Bitcoin and Ethereum, facilitated directly in INR without the need for stablecoins or other cryptocurrencies.
This unique approach addresses concerns around crypto custody by exclusively offering fiat deposits and withdrawals. However, it is important to note that the platform does not support crypto deposits and withdrawals, and INR deposits are not insured.
Backed by major investors like CoinFund and Aave, Delta Exchange has rapidly gained traction, boasting over 100,000 Indian users during its beta phase and achieving a staggering $300 million peak daily trading volume within just two months.
Globally recognized for its robust derivatives offerings, such as daily expiry options and interest rate swaps, the exchange reports a monthly transaction volume of $17 billion and a remarkable year-over-year growth of approximately 160%.
According to a local news report, Pankaj Balani, Co-Founder & CEO, of 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”.
With 24/7 customer support and adherence to FIU-India guidelines, Delta Exchange emerges as the go-to destination for Indian traders seeking a seamless and rewarding experience in crypto derivatives trading. However, the platform will not support technological updates such as forks, rollbacks, airdrops, or bootstrap events. Delta reserves the right to support or deny such changes at its discretion.
By focusing on transparency, compliance, and innovation, Delta Exchange sets a new standard in the Indian market, poised to reshape the landscape of digital asset trading for years to come.
Also Read: Italy to Increase Crypto Market Surveillance with High Fines
