Delta Exchange India vs Global: which one can you use?

Two companies under one name

Delta Exchange was founded in 2018 and launched a separate exchange for India in June 2024. Delta Exchange India is run by Excelium Technologies Private Limited, a company incorporated in India with its office in Mumbai, and registered with FIU-IND as VA00041101. It serves Indian residents only.

Delta Exchange Global is a different company: Bit Protocol S.A., incorporated in Panama and wholly owned by Protocol Labs Pte Ltd of Singapore, according to its terms of use.

When Delta Exchange India launched, it said traders would settle in rupees and need no stablecoins, and that it would take no crypto deposits or withdrawals. That is still the main practical difference: Global works in crypto, with balances in USDT, BTC or ETH, no rupees.

The two share a name and a look, but they are separate exchanges, with separate accounts, balances, order books and rules. Unsure which site you are on? Its terms of use name the company: Excelium Technologies Private Limited for Delta India, Bit Protocol S.A. for Global.

Can someone in India use Delta Exchange Global?

No. Delta Exchange Global's terms exclude residents of India, the US, Canada, the UK, most of the EU and the UAE. Using it from India would break those terms.

It is also not registered with FIU-IND, India's anti-money-laundering authority, and it is not on the government's December 2024 list of registered providers. FIU-IND has served notices on offshore exchanges that served Indians without registering: nine in December 2023 and 25 more in October 2025.

Delta Exchange India is the one built for Indian residents: registered with FIU-IND, KYC with PAN and Aadhaar, and rupees in and out.

Is Delta Exchange legal in India?

Products and fees

Delta India lists far more. On 5 November 2026 it had 250 live perpetual futures against Global's 6, and options on Bitcoin, Ether and tokenised gold (XAUT) against Global's Bitcoin and Ether. Delta India's Bitcoin options ran to 8 expiries, out to 29 January 2027; Global's to 4, out to 13 November 2026. Its gold options, on tokenised gold, list daily expiries. Leverage tops out at 200x on Delta India's Bitcoin and Ether futures and 100x on Global.

Options cost less on Delta India: 0.01% of notional, capped at 3.5% of the premium during its "Options Carnival" offer, against Global's 0.015% of notional, capped at 7.5% of premium. That rate is an offer: Delta India's standard rate is 0.03%, above Global's. Futures go the other way. Global charges 0.01% on Bitcoin and Ether futures placed from its web or app and 0.03% through its API, against Delta India's 0.05% taker and 0.02% maker, plus 18% GST. That gap is real, but it is not open to anyone living in India.

Delta India narrows it for active traders. Its Scalper Offer drops the closing fee on Bitcoin and Ether futures closed within 30 minutes, and its 0.02% maker rate is below Global's 0.03% API rate, so a bot trading with limit orders pays less on Delta India.

Delta India's charges, worked out.

Volume: not close

In the 24 hours to 2:56 AM IST on 5 November 2026, Delta Exchange India's public market data showed $8.41 billion of futures and options traded and $1.3 billion held open. CoinGecko's derivatives list showed about $2.65 million for Delta Exchange Global. Almost all the trading under the Delta name happens on Delta Exchange India.

Volume shapes the spread you pay. Our engine's market orders on Delta India's Bitcoin options 3–7 days from expiry filled a median 1.3% of the option's price away from the mid, across 4,943 fills over the 90 days to 4 November 2026.

For an options trader, that gap can matter more than the fee gap. A fee is a fixed share of notional; the spread you cross depends on how many traders are quoting, and a market that trades thousands of times more tends to have more of them.

Accounts, KYC and API keys

If you already have a Delta Exchange account, Delta's account guide says that signing up for Delta India with the same email address lets you avoid redoing KYC. Otherwise KYC on Delta India is PAN and Aadhaar through DigiLocker and a selfie, and a penny drop checks that your bank account is in your own name.

API keys do not cross over. Delta's API documentation says keys made on a Delta India account work only with Delta India's API, and that Global's API cannot be used with them. Bots and platforms set up for Global need a new key made on Delta India.

Each exchange also runs its own referral programme, on its own terms.

New to Delta India's screens? Its demo site gives you virtual funds to practise with before you move real money. Delta's demo account.

Create a Delta India API key · Open a Delta India account, step by step.

How we compared

We read both exchanges' terms, fee pages and public product lists on 5 November 2026, Delta India's public market data for its volume, and CoinGecko's derivatives list for Global's. Rolling 24-hour volume read from each exchange's own public market-data API at 5 November 2026, 2:56 AM IST: contracts traded times the underlying's price. One window on one day; volumes move every day.

Algoclear is a Delta referral partner and builds its product on Delta Exchange India, which this page says up front. Neither exchange saw this comparison before it was published, and every fact links to its source below.