Delta Exchange has officially launched its operations in India as a fully compliant crypto derivatives platform registered with the Financial Intelligence Unit (FIU). The platform offers Bitcoin and Ethereum futures and options trading with INR settlements, making it the first platform in India to offer options trading on crypto assets. Delta Exchange India eliminates the need for crypto custody by not allowing crypto deposits and withdrawals, instead focusing on cash-settled derivatives. This launch comes amid increasing regulatory oversight of the crypto sector in India, with the government imposing penalties on offshore exchanges for violating anti-money laundering laws.
The platform enables users to settle trades in local currency (INR) with seamless deposits and withdrawals through Indian bank accounts. Co-founder and CEO Pankaj Balani emphasized that their unique approach eliminates the need to park crypto assets for trading, allowing users to trade with confidence in a secure and compliant environment. Delta Exchange counts notable investors including CoinFund, Sandeep Nailwal's Family Office, and Aave among its backers.
