Get All Access for $5/mo

Delta Exchange Commences India Operations with Crypto Futures and Options Trading With this, Delta Exchange claims to have become India's first and only platform to offer Options trading on Bitcoin (BTC), Ethereum (ETH), and more crypto assets

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

On Thursday, Delta Exchange announced the official launch of its Indian platform. With this development, Delta Exchange claims to be India's first and only platform offering options trading on Bitcoin (BTC), Ethereum (ETH), and other crypto assets.

Operating for over five years, the crypto startup is founded by Pankaj Balani, Jitender Tokas, and Saurabh Goyal. Delta Exchange is registered with the Financial Intelligence Unit of India, meeting a regulatory requirement for crypto exchanges. Additionally, it does not accept cryptocurrency deposits or withdrawals, thereby eliminating risks associated with crypto custody.

"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. This approach ensures that both seasoned traders and newcomers can explore the opportunities in crypto derivatives within a secure and compliant environment. Additionally, it allows traders to deal in INR only, making the process smooth and transparent," said Pankaj Balani, Co-Founder & CEO, Delta Exchange.

The 2018-founded startup is backed by major investors such as CoinFund, Sandeep Nailwal's family office, Aave, Kyber Network, and SinoGlobal Capital. The company boasts of a monthly transaction volume of USD 17B and has a Y-o-Y growth of 160 per cent.

With over 100,000 Indian users already onboarded on the beta-version of the Indian platform, it claims to have daily trading volume of USD 300 million at its peak within just two months of its beta launch.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 

Most Popular

See all
Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

By Amanda Breen
Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.

By Robert Walker
Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.

By Kerry Chen
Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

By Cynthia Kay
Celebrity Entrepreneurs

The Pep Talk From Mickey Mouse We All Need to Hear, Compliments of Chris Diamantopoulos

Chris Diamantopoulos, the star of "The Sticky," "Red Notice" and the voice of Mickey Mouse, gets real about resilience, chasing dreams, and his desperate wish for a normal hobby.

By Dan Bova
By Sherin Shibu