Delta Exchange Launches 'Trackers': Revolutionizing Crypto Investment
Delta Exchange has introduced 'Trackers,' a derivative product allowing investors to gain crypto exposure without directly holding assets. Offering reduced fees and tax efficiency, Trackers promise simpler and safer crypto investing. The innovation eliminates custody risks and provides efficient market execution, aligning with evolving investor demands in India's crypto ecosystem.
- Country:
- India
Mumbai's Delta Exchange has unveiled 'Trackers,' a revolutionary product designed to streamline crypto investments by offering exposure to major cryptocurrencies like Bitcoin and Ethereum. The innovative derivative contracts mimic spot market returns without the need for direct asset management, lowering trading fees to 0.05% compared to traditional spot markets.
By eliminating direct asset custody, Trackers fall under speculative business income for tax purposes, potentially enabling loss offsetting. With deeper liquidity and reduced slippage, this product enhances trading efficiency in India's evolving crypto landscape. Trackers provide a significantly reduced trading cost and improved market dynamics, making them particularly appealing to active traders.
Pankaj Balani, CEO of Delta Exchange, highlights Trackers as a response to the demand for more accessible, safer crypto investment methods. As India's crypto ecosystem advances, this product marks a pivotal milestone in enhancing investment security and inclusivity. Trackers are now available for trading on the Delta Exchange platform.
(With inputs from agencies.)
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