# About Delta Exchange India Delta Exchange India is a platform for trading derivatives that have cryptocurrencies/ cryptoassets as their underlying. We currently offer: * **Options:** European call and put [options](https://india.delta.exchange/app/options_chain/markets) on BTC and ETH. * **Perpetual contracts:** Perpetual contracts futures on Bitcoin ([BTC](https://india.delta.exchange/app/futures/trade/BTC/BTCUSD)) and Ethereum ([ETH](https://india.delta.exchange/app/futures/trade/ETH/ETHUSD)) and several prominent altcoins. Unlike futures contracts that have a fixed expiry date, perpetual contracts do not expire. * **Straddle Options:** These option contracts are used to speculate on the volatility of the underlying cryptocurrencies. The price of these contracts is proportional to the magnitude of price moves of the underlying rather than the direction of the move. * **Spot:** Currently, we have four pairs available in spot trading - BTC/USD, ETH/USD, XRP/USD and SOL/USD with more markets in the offing. The following are the salient features of trading crypto F\&O on Delta Exchange India: * **24/ 7/ 365 Trading:** Unlike traditional stock markets, crypto markets never close. Continuous trading obviates price gaps and also allows for more trading opportunities. * **Daily expiries:** We offer daily expiries in both BTC and ETH options which results in more trading opportunities * **Efficient margining scheme:** At Delta Exchange India, we leverage advanced risk management techniques to enable more efficient margining compared to traditional exchanges. This enables your to take bigger trades with less capital * **Deposit INR, withdraw INR:** You don't need to own/ hold crypto to trade on Delta Exchange India. You can deposit INR. Use it as margin for your trading and withdraw INR. Users can also buy Spot via INR but they cannot bring external crypto holdings and deposit it in Delta Exchange India. Users cannot withdraw or transfer these Spot holdings to other wallet. They can only withdraw INR after selling these crypto holdings. * **Efficient from tax perspective:** Cryrpto related taxes in India come into picture when there is an exchange of crypto for INR or crypto for another crypto. For derivatives contract (Futures and Options), you never really interact with crypto. Your balances and unrealised profits always remain in INR and hence, the 1% TDS and 30% flat tax on profits is not applicable. Moreover, offsetting of losses in also allowed. However, the the 1% TDS and 30% flat tax are applicable if you Buy Spot in Delta Exchange India. * **Margin and settlement currency:** All contracts on Delta Exchange India are notionally quoted, margined and settled in USD. However, (a) the USD-INR rate on the platform is fixed and (b) your balances are always maintained in INR and no INR/ USD conversion ever takes place. This means that all contracts on Delta Exchange India are effectively being margined and settled in INR. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://guides.delta.exchange/delta-exchange-india-user-guide/master.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.