As an analyst with extensive experience in the crypto derivatives market, I’m thrilled to witness Delta Exchange’s entry into India as the country’s first fully compliant crypto derivatives platform. With a strong team of seasoned entrepreneurs and backing from major investors like CoinFund and Aave, Delta Exchange has quickly gained a significant following, especially during its beta phase with over 100,000 Indian users and an impressive peak daily trading volume of $300 million within just two months.
Delta Exchange, led by experienced entrepreneurs Pankaj Balani, Jitender Tokas, and Saurabh Goyal, has launched its long-awaited Indian platform today. This marks a major achievement as Delta Exchange becomes the first crypto derivatives exchange in India to be fully compliant and registered with the Financial Intelligence Unit (FIU).
The platform offers Indian traders a selection of advanced features, including the ability to trade options on Bitcoin and Ethereum directly in INR, eliminating the need for cryptocurrencies or stablecoins. This innovative approach is designed to improve accessibility and security by solely providing fiat currency deposits and withdrawals, alleviating concerns related to crypto custody.
The firm announced that its Indian subsidiary, Delta Exchange India, will enable users to settle transactions in the local currency (INR). This feature includes effortless and immediate deposits and withdrawals of INR for smoother crypto trading experiences. #crypto #trading
— Inc42 (@Inc42) June 27, 2024
As a crypto investor, I’ve been closely watching the dynamic scene of the digital asset market. One platform that has recently caught my attention is Delta Exchange. With heavyweight backers like CoinFund and Aave on board, Delta Exchange has experienced remarkable growth. During its beta phase, it amassed an impressive user base of over 100,000 Indians. In just two short months, the platform reached a peak daily trading volume of an astonishing $300 million.
As a seasoned market analyst, I can attest to the fact that this exchange is renowned for its strong suite of derivatives products, including daily expiry options and interest rate swaps. According to recent reports, the exchange processes an impressive monthly transaction volume of $17 billion. Moreover, it has exhibited a truly remarkable year-over-year growth of roughly 160%.
As a crypto investor following the latest developments in India’s digital asset market, I’m excited to share that Pankaj Balani, Co-Founder and CEO of Delta Exchange, recently announced their launch in our country. This is a major step forward in Delta Exchange’s goal to provide a secure, compliant, and trader-focused platform for Futures & Options (F&O) traders in India.
FIU-India’s status regarding Delta Exchange:
— Delta Exchange (@Delta_Exchange) January 18, 2024
As an analyst, I would say: I discover that Delta Exchange stands out as the preferred choice for Indian crypto derivatives traders due to its around-the-clock customer support and strict adherence to FIU-India guidelines. By prioritizing transparency, compliance, and innovation, Delta Exchange raises the bar in the Indian market, positioning itself to revolutionize digital asset trading and redefine the industry landscape for years to come.
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2024-06-29 12:20