India's crypto landscape is infamous for moving one step forward and two steps back. The government of India does not share a particularly pro-crypto stance and owing to uncertain regulations, crypto enthusiasts struggle. Add to the mix, there aren't many crypto trading platforms which can be trusted by users. Fortunately, Delta Exchange India is one of the few leading the charge. With trading volumes over $600 million, Delta India is the fastest growing Crypto Futures and Options exchange in India.
But why is Delta India adorned so much? Let’s discuss:
First, About the Indian Crypto Market
India's crypto market has witnessed growth in recent years, despite regulatory hurdles. The country boasts a large tech-savvy population, making it a fertile ground for crypt adoption. Here is the state of the crypto market in India:
- Large user base: India has a huge number of crypto investors and traders. CoinSwitch reported, India boasts over 19 million crypto investors.
- Growing interest in DeFi and NFTs: There's a rising interest in decentralized finance and non-fungible tokens.
- Potential for mass adoption: The country's large population and increasing smartphone penetration offer immense growth potential.
Challenges for Indian Crypto Traders
- Regulatory challenges: The Indian government does not have a pro-crypto stance and has put tax hurdles which acts as an obstacle to the growth of crypto.
- Counterparty risk: Trading on unregulated platforms exposes traders to risks.
- Market volatility: The crypto market is volatile. Traders need to be protected.
- Expensive trading platforms: Most crypto platforms ask for high fees and are not beginner friendly
In this backdrop, Delta Exchange India fights to make crypto trading accessible to Indian traders. Let's see how:
Delta India’s Mission to Revolutionize Crypto Futures and Options Trading
What makes Delta India a leader in crypto trading? Let’s find out:
Beginner Friendly Platform
- The platform is designed keeping both beginners and experienced traders in mind, offering a clean and intuitive interface.
- To encourage beginners to start crypto trading, Delta India allows trading at small amounts. For instance, ETH contracts start at around ₹2500 and BTC contracts at approximately ₹5000.
- Delta Exchange India offers a streamlined trading experience by allowing users to deposit Indian Rupees (INR) directly into their trading accounts. This eliminates the need for converting INR to cryptocurrency before trading.
- All Delta India contracts are quoted and settled in USD denomination. The fixed USD-INR exchange rate ensures that your balance is maintained in INR, which eliminates the need for currency conversions. This simplifies your trading experience and makes it easy for beginner traders to start trading derivatives.
Financial Intelligence Unit (FIU) Registered Platform for Secure Trading
- Registered with India’s Financial Intelligence Unit (FIU), Delta Exchange India prioritizes the security of user funds and data, implementing robust measures to protect user accounts.
Tax Advantage & Trading Opportunities
- Delta India provides access to many derivatives, including futures, options, and perpetual contracts on various cryptocurrencies. This includes INR-settled European crypto options and perpetual futures in Bitcoin, Ethereum and other altcoins. Since your balances and unrealized profits are denominated in INR.
- The platform involves a lot of daily, weekly, and monthly expiries, providing traders with opportunities to engage in trading activities regularly.
- Trading is open 24/7.
Competitive Pricing Model
- The platform offers the lowest fees for trading crypto futures and options and boasts transparent pricing structures.
The Bottomline
By addressing the challenges faced by Indian traders and offering a comprehensive platform, Delta India has positioned itself as a preferred choice for both novice and experienced investors.
As the Indian crypto market continues to mature, platforms like Delta India will play a vital role in driving adoption of crypto. By providing advanced trading tools and a secure environment, Delta Exchange India is empowering Indian traders to participate fully in the global crypto ecosystem.
Visit Delta Exchange India to stay up to date and follow Delta India on X and Instagram. Make sure to download the app from the Google Play Store.
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The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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