Crypto trading in India is growing fast. India’s crypto market valuation is expected to grow from $2.5 billion last year to over $15 billion by 2035, increasing at an average rate of 18.5% per year, according to Kush Wadhwa, a partner at Grant Thornton Bharat.
Many traders are now looking at crypto derivatives as a way to trade without buying actual cryptocurrencies.
But choosing the right crypto derivatives exchange is critical for this. A good platform should be easy to use, support INR, and offer different trading options. How many of the platforms today offer all this?
In this article, we will look at the top five crypto derivatives platforms in India. We will compare their features so you can pick the best crypto derivatives exchange.
1. Delta Exchange (Best for Indian Traders)
Best Crypto Derivatives Exchange in India
Delta Exchange is one of the best crypto derivatives exchanges for Indian traders. It offers crypto futures and options trading, making it easy for beginners and experts. It also allows INR deposits and withdrawals, which is a big plus.
Why Choose Delta Exchange?
Easy INR Deposits & Withdrawals: No need to convert money into USDT or other currencies.
Trade Crypto Futures & Options: Buy and sell Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) futures and options.
Advanced Trading Tools: Use trading bots, algo trading, strategy builders, and margin trading for better results.
High Leverage: Get up to 100x leverage to trade with a bigger amount.
Secure & Trusted: Registered with the Financial Intelligence Unit (FIU) in India.
Example of How Leverage Works:
If you have ₹1,000 and use 10x leverage, you can trade as if you have ₹10,000. If the price moves in your favor, your profit will be 10 times higher. But if it moves against you, losses can also be big.
2. Binance (Best for Global Traders, but No INR Support)
crypto derivatives exchange
Binance is a global exchange that also offers crypto derivatives trading. Binance offers a range of futures products, including perpetual futures and quarterly futures. In addition to futures, Binance also offers options trading to buy or sell underlying assets at a predetermined price and date.
Key Features:
Huge Selection of Cryptos: Trade futures and options on many different coins.
High Leverage: Up to 125x leverage (higher than Delta).
Advanced Trading Tools: For professional traders.
Downsides:
No INR Support: You need to convert INR to USDT or another currency.
Not India-Focused: Indian traders may find it hard to use.
3. CoinDCX
crypto derivatives
CoinDCX is a well-known Indian crypto exchange that also offers crypto trading. It is simple to use and supports INR transactions.
Key Features:
INR Deposits & Withdrawals: CoinDCX allows users to deposit and withdraw funds directly in Indian Rupees (INR).
Simple Interface: The platform is designed to be user-friendly, making it suitable for beginners.
High-Level Security: CoinDCX employs advanced encryption and two-factor authentication (2FA) to ensure secure transactions. It is also compliant with ISO/IEC 27001:2022 standards.
Access to Multiple Cryptocurrencies: Users can trade over 500 cryptocurrencies, including major coins like Bitcoin and Ethereum, as well as altcoins and memecoins.
Crypto Futures Trading: CoinDCX offers crypto futures trading with up to 100x leverage on top pairs like BTC and ETH, and up to 50x on other pairs.
Downsides:
Fewer Trading Features: Compared to specialized derivatives platforms like Delta Exchange, CoinDCX might have fewer advanced trading tools.
Charges: Some users have reported that the fees on CoinDCX are high, which can impact profitability for traders.
4. CoinSwitch (Best for Simplicity, But Limited Derivatives Options)
crypto derivatives platform
CoinSwitch is another Indian crypto platform that has started crypto derivatives trading. It is easy to use but has limited features compared to Delta Exchange.
Key Features:
Ease of Use: CoinSwitch provides a smooth trading experience with easy fiat to crypto conversion services.
INR Deposits & Withdrawals: CoinSwitch supports deposits and withdrawals in Indian Rupees (INR).
Variety of Cryptocurrencies: The platform offers trading in a wide range of cryptocurrencies, including popular assets like Bitcoin (BTC) and Ethereum (ETH). It also frequently updates its listings to include trending and top-performing cryptos.
Downsides:
Lower Leverage: CoinSwitch offers a maximum leverage of up to 10x, which is significantly lower than platforms like Delta Exchange and Binance. However, it’s worth noting that CoinSwitch has recently launched futures trading with up to 25x leverage for selected users.
Limited Derivatives Trading: It has fewer options for derivatives trading. However, it does offer over 350 contracts.
5.WazirX
crypto derivatives trading
WazirX is a popular Indian crypto exchange that has recently added crypto derivatives trading. It is mainly known for spot trading (buying and selling real crypto).
Key Features:
INR Deposits & Withdrawals: Easy for Indian users.
Integration with Binance: Can connect with Binance accounts.
Downsides:
Lower Leverage: Only 10x leverage (much lower than Delta and Binance).
Limited Derivatives Trading: Fewer futures and options compared to Delta Exchange.
Note: WazirX faced a significant security breach in July 2024, resulting in the theft of approximately $230 million in customer funds. The exchange has been working on recovery efforts, including the introduction of “recovery tokens” to help users recover some of their lost assets.
Comparison Table
| Feature | Delta Exchange (Best for Indian Traders) | Binance (Best for Global Traders) | CoinDCX | CoinSwitch (Best for Simplicity) | WazirX |
| INR Support | Yes (Deposits & Withdrawals) | No | Yes (Deposits & Withdrawals) | Yes (Deposits & Withdrawals) | Yes (Deposits & Withdrawals) |
| Leverage | Up to 100x | Up to 125x | Up to 100x (BTC/ETH), 50x (others) | Up to 10x (25x for select users) | Up to 10x |
| Crypto Futures | Yes | Yes | Yes | Yes (Limited) | Yes (Limited) |
| Options Trading | Yes | Yes | No | No | No |
| Number of Cryptos | Many (BTC, ETH, SOL, etc.) | Very High | 500+ | Many (350+ contracts) | Limited |
| Advanced Trading Tools | Yes (Bots, Strategy Builders, Margin Trading) | Yes (For Pros) | Limited | Limited | Limited |
| Security | FIU Registered | Highly Secure | ISO/IEC 27001:2022 Compliant | Secure | Faced Security Breach in 2024 |
| Best For | Indian Traders, Derivatives Trading | Global Traders, High Leverage | Beginners, INR Support | Simplicity, Easy Trading | Spot Trading, Binance Integration |
| Downsides | No major issues | No INR support, Not India-focused | Fewer advanced features, Higher fees | Limited derivatives trading, Low leverage | Low leverage, Security breach in 2024 |
What Are Crypto Derivatives?
Crypto derivatives are financial products that allow you to trade the price of a cryptocurrency without actually owning it. The two most popular types are:
Futures Contracts – A contract to buy or sell crypto at a set price on a future date.
Options Contracts – A contract that gives you the right (but not the obligation) to buy or sell crypto at a set price before a certain date.
Example:
Imagine you think Bitcoin will go up in price. Instead of buying Bitcoin, you can buy a Bitcoin futures contract. If the price goes up, you make a profit. If it goes down, you lose money.
Bottomline
For traders who want the best crypto exchange India, Delta Exchange is the top choice. Start trading on Delta Exchange today.
FAQs
1. What is a crypto derivatives exchange?
A crypto derivatives exchange is a platform where you can trade crypto futures and options.
2. How does leverage work in crypto derivatives trading?
Leverage lets you trade with more money than you actually have. For example, 10x leverage means you can trade ₹10,000 with just ₹1,000.
3. Which is the best crypto derivatives exchange in India?
Delta Exchange is the best for Indian traders because it supports INR trading, high leverage, and crypto options.
4. What is the difference between futures and options trading?
Futures – You must buy or sell at a set price on a future date.
Options – You have the choice, but not the obligation, to buy or sell at a set price before a future date.
5. Is crypto derivatives trading risky?
Yes. Crypto derivatives are risky because of price changes. Always start with a small amount and use risk management tools.
