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Delta Exchange – Making Inroads Into The Crypto Derivatives Space

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Delta Exchange - Making Inroads Into The Crypto Derivatives Space
Source: Delta Exchange

Crypto derivatives space has seen a meteoric rise both in interest and in trading volumes in the last 12-18 months. Coupled with leverage and ability to go both long & short, derivatives offer larger earning potential to traders. The growing demand for crypto derivatives has attracted many new players who are continuously innovating to offer advanced solutions to traders. Delta Exchange is one such platform that has been in the news for the last couple of months.

Delta Exchange started in 2018, is a crypto derivative exchange which allows traders to trade BTC, ETH, XRP & XLM contracts with up to 100x leverage. Delta aims to be a #TradersFirst derivatives exchange and since their launch, they have released some exciting features for traders. These features include Stablecoin settled futures, USD pairs for leveraged trading, option to hold balances in more than one currency etc.

The team is also working to add automated trading strategies which would allow traders to allocate money to a trading system rather than manually deciding when to enter and exit a trade. The company has strong APIs and encourages its traders to trade programmatically. They offer tech support to help traders integrate with their APIs and are the only exchange to do that currently.

The team behind Delta Exchange has impressive backgrounds. The founders are wall-street veterans and have built successful technology businesses in the past. Their mentors include Prof. Bhagwan Chowdhry who is also an advisor to Stellar Lumens. Stani Kulechov, who is the founder and CEO of ETHLend is also on the advisory board of Delta Exchange.

Trading Pairs / Contracts

Delta exchange offers future contracts on BTC, ETH, XLM, and XRP with up to 100x leverage. Currently, there are 2 types of contracts available on Delta Exchange

  1. BTC Settled Contracts:
    These futures are settled & margined in BTC. BTC settled futures are available on Bitcoin & Stellar.

           BTC-USD: Quoted in USD | Settled & margined in BTC | 100x leverage
           XLM-USD: Quoted in BTC | Settled & margined in BTC |   20x leverage

  1. USDC Settled Contracts (Quanto Futures):
    These contracts are quoted in USD and settled in USDC. Trading them is like trading Cryptos against stablecoins but with leverage.

Futures contracts available on all exchanges require users to margin in BTC. This opens them to risk in the price of BTC. To solve this problem, the Delta Exchange introduced these contracts. Since these contracts are margined in stablecoin, traders don’t have to worry about the change in bitcoin price affecting their margin and profits.

BTC–USDQ: Quoted in USD | Settled & margined in USDC | 100x leverage
ETH–USDQ: Quoted in USD | Settled & margined in USDC |   50x leverage
XRP–USDQ: Quoted in USD | Settled & margined in USDC |   50x leverage

Source: Delta Exchange

Delta Exchange – Trading Terminal

Note: In order to trade Quanto futures, you will need USDC. Users can convert BTC to USDC using ‘currency converter’ on Delta exchange. The conversion rates are based on prices on Binance.

You can check out all the contracts listed on Delta exchange here.

Signing up On Delta Exchange

The sign-up process on Delta exchange is very easy. It takes less than 2 minutes to complete the sign-up. Simply open the Delta website (https://www.delta.exchange/); there you will find the “Register” & “Sign In” options in the header.

Source: Delta Exchange

Select “Register” and add your name, email ID and password.

Once done, you will receive an email with a verification link to verify your account. You are required to verify your account by clicking on the verification link. Soon as you verify your account you are good to go. You can simply log in and start to trade.

Deposits/Withdrawals On Delta Exchange

Just as other crypto derivative exchanges, Delta Exchange also allows deposits and withdrawals only in Bitcoin. Once you have deposited BTC to your account you can convert them into other cryptocurrencies in order to trade different contracts.

Steps To Deposit / Withdraw BTC On Delta Exchange:

  • Log in to a trading terminal
  • Once you are logged in, open the “Account” Section
  • For Deposit: Open “Deposits” tab. You will find the BTC deposit address
  • For Withdrawal: Open “Withdrawals” tab and make the withdrawal. For security reasons, withdrawals on Delta Exchange are processed only once every day & after a manual review.

Mock Trading Terminal

Delta exchange also offers a mock trading terminal which simulates the real trading environment. So, if you are a beginner then you can try out their testnet trading terminal before you move to real trading. Margin & leverage trading involves risks and if you are new to margin trading, we recommend that you read this guide on margin trading before you start real trading.

The mock trading terminal is also helpful for algo-traders as it allows them to test their algorithm before moving to live to trade on Delta.

Is Delta Exchange Safe?

Delta uses enterprise grade security and stores cryptos in multi-sig wallets. For additional security, withdrawals require confirmation by the user and are processed only once every day. Delta exchange now has a good set of traders and we have not received any negative reviews from any of them till now.

It is safe to say that Delta exchange is highly secure like other top exchanges and if you are a derivatives trader, you should definitely give it a try.

Conclusion

There are not many exchanges for crypto derivatives trading and Delta exchange certainly looks like strong competition to existing players. With their innovative solutions and focus on transparency, Delta exchange is definitely the one to watch out for in times to come.

Delta exchange is safe to use and is gaining traction amongst traders. So what are you waiting for? Check out Delta Exchange Now!

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