Frequently Asked Questions

General

  • What is Delta Exchange?

    Delta Exchange is a platform that enables investors globally to trade Futures contracts on bitcoin and other leading cryptocurrencies/ crypto tokens with up to 20x leverage.

  • How can I contact Delta Exchange?

    For any query, feedback, suggestion or business proposals, please write to us at: [email protected]

  • How can I get in touch with Delta Exchange customer support?

    Delta Exchange customer support is available 24/7/365 via email. Please write to us at: [email protected]

  • Can I buy bitcoin on Delta Exchange?

    You can’t buy or sell bitcoins on Delta Exchange. We offer trading of only cryptocurrency derivatives such as Futures contracts on bitcoin. These Futures contracts are margined and settled in bitcoins. Thus, to start trading on Delta, you’d need to already have bitcoins.

Derivative contracts

  • What is Mark Price?

    Mark Price is the price at which any open position is marked for the computation of Unrealised PnL and Liquidation. Mark Price is employed to avoid unwarranted liquidations which could result from high volatility of crypto-assets.

  • What is an inverse Futures contract?

    A Futures contract where the quote currency (i.e. the currency in which price of the underlying asset is denominated) is different from the base currency (i.e. the currency in which the PnL of a Futures position is computed) is known as an inverse Futures contract.

  • What is a Futures contract?

    A Futures contract is a type of derivative that is essentially an agreement between two parties to buy/ sell an asset (e.g. bitcoin) of specific at a predetermined future date and price. The aforementioned asset is known as the underlying of the Futures contract.

  • What is a vanilla Futures contract?

    A Futures contract where the quote currency (i.e. the currency in which price of the underlying asset is denominated) is same as base currency (i.e. the currency in which the PnL of a Futures position is computed) is known as a vanilla Futures contract.

  • Can I trade Options on Delta?

    Currently only Futures contracts are listed on Delta. But we plan to launch Options trading shortly.

Fees

  • How are trading fees calculated?

    Trading fee can vary from contract to and contract and are available here.

Leverage

  • What is Maintenance Margin?

    Maintenance Margin is the minimum amount of margin required to keep a position open.  For any open position, when the Remaining Margin (Initial Margin + Unrealised loss) falls below the Maintenance Margin, liquidation process is triggered.

  • What is Initial Margin?

    Margin is the collateral that you need to post when entering into a leveraged derivatives contract. Initial Margin is the amount required to enter into a new position. Initial Margin is dependent on the leverage offered in the derivatives contract.

  • How much leverage can I get on Delta Exchange?

    All Futures contracts on Delta Exchange have built-in leverage. While the allowed leverage can vary from contact to contract, currently, the maximum leverage across all contracts is currently 20x.

Liquidation

  • What is auto deleveraging (ADL)?

    Auto deleveraging (ADL) is triggered when the liquidation engine is unable to close a position in liquidation in the market without breaching the bankruptcy price of the position. In ADL, the position is closed against traders on the opposite side according to leverage and profit priority.

  • How I can avoid getting liquidated?

    To avoid getting liquidated, please ensure that the Remaining Margin (Initial Margin + Unrealised Loss) is always greater than the Maintenance Margin.

  • How do liquidations on Delta Exchange work?

    A position goes into liquidation when the margin assigned to it falls below maintenance margin. In such a situation, the liquidation engine attempts to close the position in the market, while ensuring that the exit price does not breach the bankruptcy price ( the price at which the assigned margin becomes zero). If the liquidation engine is unable to close the position, auto deleveraging is triggered.

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