Delta Exchange is a well-known online platform for trading cryptocurrency spot and derivatives such as futures and option. Based in Saint Vincent and Grenadines, the exchange offers a range of markets and high leverage for active traders.In this article, we will be reviewing Delta Exchange and providing an in-depth look at its features and services.
Table of Contents
What is Delta Exchange?
Delta Exchange is a cryptocurrency derivatives platform that allows users to trade futures, options, and interest rate swaps with up to 100x leverage on various cryptocurrencies. It offers a demo account for users to test out strategies and has enterprise-grade security measures in place for digital assets. The exchange has a powerful matching engine and a dedicated support team available 24/7. Its goal is to be a trusted, liquid exchange for both retail and institutional traders.
What is the History of Delta Exchange?
Delta Exchange was founded in 2018 and is based in Kingstown, St. Vincent. It is an unregulated cryptocurrency exchange that offers a range of services for both experienced and new crypto investors.
Team and founders
Delta Exchange was co-founded by Pankaj Balani, Jitendra Tokas, and Saurabh Goyal, who bring a mix of finance and technology expertise to the platform. The team also includes seasoned tech entrepreneurs who have received backing from top venture capital firms like Softbank and Sequoia. The company’s top management team has experience working at premier Wall Street firms such as UBS and Citi. Pankaj Balani serves as the Chief Executive Officer of Delta Exchange and brings a wealth of experience as a derivatives trader and business leader. He is a UBS alum and has expertise in derivatives, quantitative finance, and Asian equity markets. Balani is a graduate of IIT Delhi and has an MBA from the Indian School of Business.
What trading products does Delta Exchange offer?
Futures trading
Delta Exchange allows users to trade futures, options, and interest rate swaps on a variety of currencies with up to 100x leverage. This allows users to diversify and hedge their bets through different investment avenues, rather than buying certain amounts of currency outright. Leveraged trading can lead to significant returns, but it is important to be aware of the potential for equally significant losses. For example, if you have $10,000 on your trading account and bet $100 on BTC with 100x leverage, a 10% increase in the value of BTC would result in a gain of $990, while a 10% decrease in value would result in a loss of $990. Leveraged trading can be a powerful tool, but it is important to carefully consider the risks and make informed decisions.
Staking
On Delta Exchange, users can earn staking rewards by delegating deposited funds to a specific blockchain network through the platform’s staking pools. These pools offer returns on Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Delta Exchange’s own cryptocurrency (DETO). Incentives and rewards are also available for participating in the staking process. To stake your crypto on Delta Exchange, you can simply deposit it into one of the available staking pools.
Options
Delta Exchange’s MOVE Options allow users to speculate on the size of BTC and ETH price movements, rather than the direction of the movement. If you expect a large movement, you can go long MOVE, and if you expect a small movement, you can go short MOVE. Delta Exchange offers two types of MOVE Options: Daily MOVE, which captures the expected movement in BTC/ETH price over the course of one day, and Weekly MOVE, which captures the expected movement in BTC/ETH price over the course of one week. This can be a useful tool for traders who want to speculate on the size of price movements rather than the direction of the market.
Which cryptocurrencies does Delta Exchange offer?
Delta Exchange is a cryptocurrency derivatives exchange that offers a wide range of futures and options contracts for Ethereum and Bitcoin, as well as a selection of spot markets for trading. In addition to BTC and ETH, the platform also supports trading in XRP, USDC, DETO, and SOL. Delta Exchange’s offerings extend beyond these traditional assets, with a variety of innovative derivative contracts available that focus on cryptocurrencies.
What countries does Delta Exchange support?
Delta Exchange is a cryptocurrency derivatives exchange that is available globally to residents of many regions, including the United Kingdom, European Union (The Netherlands, Belgium), Canada, Australia, Germany, Sweden, Finland, Denmark, and Norway.
However, there are some specific countries where Delta Exchange’s services are not available, including the United States, St Vincent and the Grenadines, Iran, North Korea, Syria, Crimea, Cuba, Afghanistan, Cambodia, Pakistan, and any other country where the use of the platform’s services would be illegal or violate applicable law.
Is Delta Exchange Safe and secure?
Delta Exchange takes a number of measures to ensure the safety and security of customer funds on its platform. It has implemented “bank-like” security measures, including the use of multi-sig wallets managed by reputable custody providers like BitGo and Curv, and manual withdrawal review processes. In addition, all accounts are enabled with Two Factor Authentication (2FA) to prevent unauthorized access. Delta Exchange has a strong track record of security, as it has not been breached or hacked to date.
Do you need to complete account verification – KYC on Delta Exchange?
Delta Exchange does require KYC (Know Your Customer) verification for its users, although the exact process may vary depending on the user’s location. All users must also be over the age of 18.
What are the verification – KYC limits on Delta Exchange?
While Delta Exchange does not place limits on deposits, withdrawals from unverified accounts are restricted to $10,000 per day and a lifetime limit of $500,000. Verified users have unlimited withdrawal limits in BTC and USDT but must complete a full KYC process, which includes submitting personal information and documents to verify identity. This process can take up to two business days to be approved, although it is usually completed within a few hours.
What are the payment methods on Delta Exchange?
It is important to note that Delta Exchange only accepts payment in the form of cryptocurrency transfers, specifically Bitcoin. It does not support any other payment methods or fiat currencies, so it is not an option for new cryptocurrency investors who do not already hold any cryptocurrencies. Find a good exchange to buy crypto here.
What are the Pros and Cons of Delta Exchange?
Pros
- Provides an intuitive and easy-to-use trading interface
- Perpetual contracts for Bitcoin
- Provides 150x leverage
- Offers live support
- Bitcoin & Ethereum Options
Cons
- Does not support fiat deposits
- Average liquidity for derivatives trading
- Limited staking options