The Delta crypto exchange (stylized as Delta Exchange) is a centralized platform (CEX) for trading digital assets. It’s primarily known for the derivatives markets. However, the platform also offers spot trading, swapping, and investments.
The platform is KYC-compliant and requires ID verification to access financial services. Users from several countries, including Cambodia, Iran, and the USA, as well as the Ontario and Quebec provinces in Canada, cannot use the Delta cryptocurrency exchange. It’s available on desktop and mobile devices.
Markets
Delta was developed as a derivatives market focusing on futures contracts. The standard Delta exchange spot market is also available. The main types of derivatives are futures, options, swaps, perpetual swaps, and contracts for difference (CFDs).
Across all markets, customers can trade more than 100 digital assets. While only crypto assets can be traded, they include stablecoins such as Tether (USDT) and USD Coin (USDC). There are more than 80 Delta exchange trading pairs available.
Like many similar services, the platform hosts a native token – the Delta Exchange Token (DETO). It’s a utility and rewards token that can be used to reduce some of the fees on the platform. The use of the Delta crypto price value as collateral is also in the works.
In 2020, the Delta cryptocurrency exchange introduced MOVE options trading for volatility speculation. Traders can choose between daily and weekly contracts. Overall, there are four MOVE products:
Non-MOVE options include XRP, SOL, BNB, and LINK contracts alongside BTC and ETH. Users can set up their preferred strategies manually or use trading bots to run automatically. Available strategies include momentum, arbitrage, and automated market maker (AMM).
Margin trading with 3x and 5x leverage is available. Futures traders are eligible for up to 100x leverage. Aside from cryptocurrencies, other assets and features, such as DeFi Index futures, calendar spread contracts, and interest rate swaps, are accessible. Perpetual contracts are the most popular service for futures traders.
Traders that handle large-scale transactions can access over-the-counter (OTC) trading services. This function is only available for derivatives traders, particularly perpetual contracts. OTC traders can request custom quotes.
Mock trading is an environment that runs simulations of possible scenarios in the derivatives markets. Users can select assets to trade and test potential strategies based on the market outcome. This is a beginner-friendly tool as it enables trading without the risk of losing personal assets.
Delta exchange crypto fees may vary between different markets and futures types. Alongside the maker-taker rates, futures and options traders are also required to pay a settlement fee. In some instances, traders may be eligible to receive a rebate.
For spot traders, the Delta exchange fees are fixed at 0.05%, and a settlement payment is not required. All options fees are fixed at 0.03%. For futures traders, the rate depends on the selected contract:
- Inverse futures – 0.02% maker, 0.05% taker and settlement;
- USDT linear futures – 0.02% maker, 0.05% taker and settlement;
- ALT-BTC futures – 0.1% maker, taker, and settlement.
The fee discounts depend on the customer’s Delta exchange trade volume. VIP members can get up to 60% off on their fee rates. Users must hold a minimum of 100,000 DETO or maintain a volume of at least $50 million to qualify for the VIP program.
All deposits are free, and a minimum required Delta exchange crypto price value is not specific. Withdrawal fees and minimum amount depend on the selected asset. However, users that hold a minimum of 5,000 DETO are not charged for their withdrawals.
Other Services
Alongside the Delta crypto exchange, users can access other financial and technological services, including staking and API tools.
The DETO token can be used for staking and liquidity mining. Users can select to stake their assets in the available liquidity pool to earn passive income at a fixed rate. The earnings are unlocked every 90 days, while the staked assets can be withdrawn at any point.
Delta Invest is a platform that offers a broader selection of liquidity pools using BTC, USDT, and ETH. The earning rate may differ depending on the chosen liquidity pool. The interest is distributed daily. Users must have a verified Delta Exchange cryptocurrency exchange account to participate in the investment program.
Developers can access the Delta API documentation. By accessing the API tools, users can receive information about the live Delta Exchange volume and asset data, place orders, and use the pagination parameters.
About the Company
The Delta crypto exchange was founded by Pankaj Balani, Jitender Tokas, and Saurabh Goyal in 2017 and was officially launched the following year. Although the team was initially Singapore-based, it’s now registered in St. Vincent and the Grenadines.
In September 2020, the company announced that it was the first exchange to list put and call options contracts settled in USDT. The contracts come with three types of maturities – daily, weekly, and monthly. The initial contracts included BTC, ETH, LINK, and BNB.
The majority of the exchange customers are based in South and Southeast Asia, and the Indian derivatives market was the early focus of the company’s growth. In 2021, it was reported that the notional Delta exchange trade volume was $2 million.
In Mach 2021, a private sale for the DETO token generated $5 million, with funds coming from investors such as CoinFund and Aave Ventures. Around the time of the sale, the platform also launched liquidity mining and trade farming services.
In June 2021, the platform started offering interest rate swaps. The earliest available Delta exchange trading pairs for this service included USDC and DAI, and the lending rates offered up to 50x leverage.
In 2022, Balani stated that the average daily Delta exchange volume in options trading was over $200 million, with the number expected to rise in the long term.
Pankaj Balani is the CEO of the Delta crypto exchange. Prior to launching his own crypto exchange, Balani was a derivatives trader at the Union Bank of Switzerland. He was involved in the development of the eCommerce project Purplle in India and co-founded the chatbot technology product ZippyBots.
Jitender Tokas is the company’s Chef Business Officer. He obtained his MBA in Finance and Strategy from the Indian School of Business. Tokas was the Senior Associate at the FinTech company Citigroup. Alongside Balani, he co-founded ZippyBots.
Saurabh Goyal is the Chief Technology Officer for Delta Exchange. He worked directly on the development of the platform. Before joining the Delta Exchange founding team, Goyal co-founded the food-ordering app TinyOwl. He was also part of the founding team at Housing.com, an Indian real estate listing portal.
