PB: Security is of paramount importance for us and we have emphasised on implementing state-of-the-art security measures. TG: What is the security measures that Delta is taking to hackproof its platform? I would also like to mention here is that our fees are very low which makes products on Delta most attractive if you are looking to take long or short exposure on cryptocurrencies. In other words, we have a negative maker fee. In order to incentivise users to build deeper books we share the fee received from takers with makers.
We charge different fee for makers and takers because makers add to the liquidity and takers are consumers of liquidity. Any fill (trade) will have a maker, one who makes prices and a taker, one who hits bids/offers made by makers. PB: Any trading activity can be looked as interaction between price-takers and market-makers. We have invested a lot of time and energy in building a robust risk management engine and making sure that it is able to handle scale. We have built our risk management engine in-house and it marks all the positions in real time. Maintenance margin is the amount of money required to hold onto that position. Once the marked value of the position slips below maintenance margin the position is taken over by the risk management engine and sent into liquidation. PB: Basically, initial margin is the minimum amount of money, in Bitcoin terms, that a trader needs in order to initiate a long or short position on our platform. How do you define them and what it means for the traders? TG: While researching our editorial team stumbled upon Initial margin and maintenance margin in your contract specification. This feature is not available on any other major derivatives platform globally and we’ll look to pioneer this. We do have plans to offer settlement in USDT, which is a stable cryptocurrency. We also have Ether and Ripple futures listed.Īll futures listed on our platform are currently settled in Bitcoin, we do not have any fiat currency or payment gateways and we do not plan to have any going forward. PB: On the product side, we have Bitcoin Futures that are listed on the platform. TG: Could you please shed light on Delta’s innovative product portfolio? We are Singapore-based company and we look at markets holistically as we cater to global audience India remains an important market for us. You cannot buy or sell cryptocurrencies on our platform.
Our contract sizes are as small as 1 USD and the primary idea is to profit from trading activity rather than buying cryptocurrency to own. Such customer behaviour is best suited for a platform like our’s. India joined the crypto party late but in terms of number of transactions and in trading activity it holds a fair share. PB: Well, there is a lot of interest, from the Indian customer. TG: What according to you is the scope of cryptocurrency in the Indian marketplace? Thus, one uses Bitcoins to take a leveraged long or short position on cryptocurrencies and profits & losses are realised in Bitcoin. Products on our exchange allow traders to take both long or short exposure, this is especially attractive currently, when cryptocurrencies are in a downward spiral.Īll settlements are offered in Bitcoin and there is no fiat interaction at all. These products are also inherently leveraged which make them attractive for traders who are looking to speculate on prices of cryptocurrencies. We have risk management products traded on our platform which are suitable for participants who are looking to hedge their cryptocurrency exposure. We are a crypto only platform and settlement is offered only in Bitcoin. Pankaj Balani: We are a Singapore-based company and our platform is meant for trading of derivatives on cryptocurrencies. He shed further light on his company Delta while delineating major trends in the global crypto market.
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