Delta Exchange has officially launched its platform in India, positioning itself as the country’s first and only platform offering options trading on Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. This milestone, announced on Thursday, marks a significant development in the Indian cryptocurrency landscape.
Founded by Pankaj Balani, Jitender Tokas, and Saurabh Goyal, Delta Exchange has been operating for over five years. The platform is registered with the Financial Intelligence Unit of India, meeting essential regulatory requirements. Notably, it does not accept cryptocurrency deposits or withdrawals, which eliminates risks associated with crypto custody. This approach focuses on select crypto derivatives, allowing users to trade confidently without needing to park their crypto assets on the platform.
Pankaj Balani, Co-Founder and CEO of Delta Exchange, highlighted the significance of the platform’s launch in India, emphasizing the company’s mission to provide a secure, compliant, and trader-centric platform for futures and options traders. He noted that Delta Exchange’s platform allows traders to deal in INR only, making the process straightforward and transparent. This approach ensures that both seasoned traders and newcomers can explore opportunities in crypto derivatives within a secure and compliant environment.
The startup, founded in 2018, has garnered support from major investors, including CoinFund, Sandeep Nailwal’s family office, Aave, Kyber Network, and SinoGlobal Capital. Delta Exchange boasts a monthly transaction volume of USD 17 billion and has experienced a year-over-year growth of 160 percent. The platform’s Indian beta version has already onboarded over 100,000 users, achieving a daily trading volume of USD 300 million at its peak within just two months of the beta launch.
Delta Exchange’s unique platform eliminates the need for users to park their crypto assets for trading, allowing them to trade with confidence. This innovative approach has resonated with traders, leading to significant growth in user adoption and trading volume. The company’s compliance with regulatory requirements and its focus on security and transparency have further bolstered its reputation in the cryptocurrency space.
The launch of Delta Exchange in India comes at a time when the cryptocurrency market is experiencing increased interest and adoption. The platform’s focus on options trading provides traders with a new avenue to explore and capitalize on the volatility and potential of cryptocurrencies. By offering a secure and compliant platform, Delta Exchange aims to attract more traders to the crypto derivatives market and contribute to the overall growth and development of the cryptocurrency ecosystem in India.
Delta Exchange’s success in India could pave the way for other crypto platforms to enter the market and offer innovative trading solutions. The platform’s ability to meet regulatory requirements and provide a secure and transparent trading environment sets a benchmark for other players in the industry. As the cryptocurrency market continues to evolve, platforms like Delta Exchange will play a crucial role in shaping the future of crypto trading in India.
In summary, Delta Exchange’s launch in India marks a significant milestone for the platform and the broader cryptocurrency market. With its unique approach to crypto options trading, compliance with regulatory requirements, and focus on security and transparency, Delta Exchange is poised to make a substantial impact on the Indian cryptocurrency landscape. The platform’s success could inspire other crypto platforms to enter the market and offer innovative trading solutions, further driving the growth and adoption of cryptocurrencies in India.