2024

Bitcoin

Delta

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 aims to enhance accessibility and security, addressing concerns around crypto custody by exclusively offering fiat deposits and withdrawals. 
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 The company said its platform, Delta Exchange India, will allow users to settle trades in local currency (INR), and enable seamless and instant INR deposit and withdrawals.<a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#crypto</a> <a href="https://twitter.com/hashtag/trading?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#trading</a> (4/4)<a href="https://t.co/maaP4WOAQm" target="_blank">https://t.co/maaP4WOAQm</a>— Inc42 (@Inc42) <a href="https://twitter.com/Inc42/status/1806264353005449262?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 27, 2024</a>
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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 <a href="https://inc42.com/buzz/delta-exchange-rolls-out-india-operations-to-offer-crypto-futures-and-options-trading/" target="_blank" rel="noreferrer noopener nofollow">report</a>, Pankaj Balani, Co-Founder &amp; 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 &amp; Options (F&amp;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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 FIU-India 🇮🇳 status: Delta Exchange has applied for registration with FIU-India. Our application is under processing. We are already undertaking the prescribed guidelines for KYC, AML and remain committed to adhering to stated compliances.— Delta Exchange (@Delta_Exchange) <a href="https://twitter.com/Delta_Exchange/status/1747868384824578479?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 18, 2024</a>
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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. 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. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/21/italy-to-increase-crypto-market-surveillance-with-high-fines/" target="_blank" rel="noreferrer noopener">Italy to Increase Crypto Market Surveillance with High Fines</a> 
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Delta Exchange Launches Crypto Derivatives in Indian Market

The Crypto Times

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