Delta Exchange Announces the Launch of a $50 Million Trade Farming Rewards Program

Delta Exchange has experienced a surge in demand for options, notably on names like Solana and Binance, according to the company’s CEO.

Daily transactions have crossed $400 million, while monthly volumes have reached an all-time high of $12 billion. Delta Exchange, a digital asset derivatives exchange, has established a trade farming scheme with a $50 million incentive pool for traders. Sino Global, Aave Ventures, CoinFund, Kyber Network, and Spartan are among the platform’s investors.

According to the firm, users who deposit and engage in trading activity for any contracts on the exchange platform will be eligible for prizes. Its platform offers futures and perpetual swaps on bitcoin, ethereum, and over 100 other altcoins, as well as spot markets, futures spread markets, and options on bitcoin, ethereum, solana, cardano, binance, ripple, and litecoin.

According to Delta CEO Pankaj Balani, the trade farming initiative will operate until 2022 and prizes will be computed and awarded daily. The daily prize pool is distributed proportionately to traders based on their fee payment.

“Options have experienced strong interest, especially on names like Solana and Binance,” Balani observed. “In the previous six months, we have witnessed a more than 20-fold increase in the number of options traders, and we anticipate this trend to continue.”

The daily volume on Delta Exchange’s platform has topped $400 million, and monthly volume has surpassed $12 billion, the business reported.

Derivatives are a critical component of the bitcoin ecosystem and the broader financial services business, Balani said. “Institutional investors want a liquid derivatives market to protect against volatility and negative risk,” Balani said. “Without liquid derivatives, there would be no sustained institutional engagement in the crypto market.”

The exchange intends to increase its options products by introducing contracts covering a broader range of underlying assets and maturities, Balani added.

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