Did you know that India is on track to become a global leader in crypto adoption by the end of 2024? With the rise in crypto users and investments, crypto derivatives—futures and options (F&O)—also play a crucial role in the market. Delta Exchange is emerging as one of the key players in crypto derivatives trading, offering multiple tools and features for Indian traders. 

According to a report by the Financial Mirror, the country will surpass 270 million crypto users by the end of 2024. This data highlights India’s growing enthusiasm for digital assets, and it exceeds the total number of crypto users in Europe and the US combined. 

In another report by TechSci Research, the Indian crypto market was valued at $221.5 million last year and is projected to grow with a CAGR of 6.75% by 2029. 

Source | Projected growth of the Indian crypto market

In this blog, we will discuss the country’s increasing involvement in crypto markets, especially the crypto F&O segment, and how investors are driving tremendous growth in the sector. 

The Rise of Crypto F&O in India 

The global rise of crypto trading has opened up new opportunities in the financial market, with crypto futures and options (F&O) being the key drivers of its growth. Unlike traditional crypto trading, where investors buy and hold assets, F&O trading allows traders to speculate on crypto price movements without directly owning them. With its vast tech-savvy population and enthusiasts alike, Indian traders are playing a crucial role in shaping the F&O landscape. 

Traders are usually drawn to the high–reward potential of crypto markets, and they use crypto derivatives to hedge their digital assets. What sets Indian traders apart is their ability to adopt new financial tools in the growing tech era and their curiosity about trying out advanced trading strategies like crypto F&O.  

As the crypto market matures, Delta Exchange continues to play a critical role, offering features tailored to the unique needs of the Indian market.

Delta Exchange: The Fastest-Growing Crypto F&O Platform

Among the growing crypto exchange platforms, Delta Exchange is one of the leading crypto F&O trading platforms in India today. Recently, in a single day, they recorded the highest trading volume of $300 million in Bitcoin (BTC) and Ethereum (ETH) derivatives. This is a clear indication that Indian traders are actively participating in crypto F&O trading.

Source | Futures trading on Delta Exchange

Source | Options trading on Delta Exchange 

Delta Exchange caters to crypto investors and traders who want to diversify their crypto F&O trading with advanced tech, liquidity, insurance, and risk management to protect the trader’s interest. With Financial Intelligence Unit (FIU) registration, Delta Exchange has become a trusted and reliable platform for growing crypto F&O trading. 

The platform offers traders: 

• User-friendly platform 
• Multiple expiry options (daily, weekly, and monthly)
• Advanced risk management tools 
• INR settlements
• 24/7/365 open market and customer support 

Here’s how traders can deposit and withdraw money on the platform:

For deposits:

1. Log in to your Delta Exchange account
2. Go to the ‘Add funds’ section
3. Add accurate bank account details
4. Once whitelisted by the team, traders can transfer funds to their accounts.

For withdrawals:

1. Log in to your Delta Exchange account 
2. Go to the ‘Withdrawal’ section
3. Specify withdrawal amount
4. Add proper bank account details 
5. Confirm withdrawal by transferring the selected amount.

Traders and investors can easily manage funds on Delta Exchange in an efficient and hassle-free manner by following the above steps. 

You can download the Delta Exchange app from the Play Store or App Store. 

WEEKLY SNAPSHOT ON STRADDLE  PREMIUM – DELTA EXCHANGE 

Weekly Returns (20 Dec – 26 Dec)
Underlying	Weekly High ($)	Weekly Low ($)	Last Price($)	% Change since Last Week	Intraday ATM Straddle Premium for Friday (24 hr to Expiry)
BTCUSD	99949	92485	95750	-1.73%	2320
ETHUSD	3553	3100	3333	-2.44%	117

Note: Last Price mentioned as on 26 Dec, 11:59 PM

Straddle Premium Comparison
Underlying	Previous Week(Exp 27-12-2024)	Upcoming Week(Exp 03-01-2025)
BTCUSD	6100	6160
ETHUSD	310	280

Altcoins Futures Watch Past Week (20 Dec – 26 Dec) – Delta Exchange
Alt Coins	Weekly High	Weekly Low	Last Price	% Change
FTMUSD	1.09900	0.84440	0.87180	-12.53%
AAVEUSD	390.068	271.450	337.544	7.25%
BNBUSD	720.020	618.000	688.880	3.42%

Note: Last Price mentioned as on 26 Dec, 11:59 PM

Key Factors Driving the Growth of Crypto F&O

Here are some primary factors that influence the growth of crypto F&O in India: 

Growing market interest & adoption

The digital landscape in India creates a nurturing environment for crypto F&O adoption. With the global awareness of cryptocurrency, both experienced and new traders find access to digital assets via online platforms, exchanges, mobile applications, and other web platforms.

Regulatory clarity 

Regulatory developments have led to significant growth in the crypto F&O sector. The Reserve Bank of India (RBI) lifted the banking ban, providing consumer protection and tax relief that provided traders with the legal clarity needed for crypto transactions. 

Risk Management via hedging

Crypto F&O is used as a hedging tool. Holding crypto F&O contracts allows traders to minimize their losses if the market or prices shift against their original position. 

The Bottomline

India is a home for many tech enthusiasts and financial experts. Over the past few years, the growth in the crypto futures and options domain has been obvious due to the rapid adoption of cryptocurrencies and emerging technologies. With a wider audience open to such new, advanced trading strategies, India is poised to play a bigger and more significant role in the global crypto market. All thanks to the curious traders who are driving the growth of the crypto F&O market due to clear-cut regulations in place, hedging, regulated platforms like Delta Exchange, and a chance of gaining higher returns on investments. 

Visit the website www.delta.exchange for more updates or connect on X. For more details and information about crypto F&O, visit the YouTube channel.  

Disclaimer: Cryptocurrencies are inherently volatile, and investments in the asset class can carry significant risks. The information presented in this article is not intended to be financial advice, and we strongly recommend conducting your due diligence before investing in crypto. 

XRP struggles to break above key resistance levels as its price hovers around $0.4160, with challenges looming ahead amidst bearish market trends in Bitcoin and Ethereum. Key technical indicators signal a potential decline towards $0.3750 if critical support levels are not maintained.

As the cryptocurrency market continues to evolve, certain altcoins are emerging with the potential to deliver substantial returns. Ripple (XRP), Cardano (ADA), and PawFury (PAW) are making significant strides and capturing investor interest. These cryptocurrencies, with their innovative features and strong market presence, could be key to making significant profits in 2024.

Ripple (XRP) Faces Continued Pressure but Shows Potential

Ripple (XRP) has been facing challenges as its price remains below key resistance levels. Despite these obstacles, XRP continues to be a significant player in the cryptocurrency market. Analysts believe that if XRP can overcome its current resistance levels, it has the potential for substantial growth.

Current Challenges: XRP is struggling to break above $0.4250, with bearish market trends in Bitcoin and Ethereum influencing its performance.

Potential for Growth: Should XRP surpass its resistance levels, it could aim for higher price targets, making it a promising investment for those willing to take on some risk.

Cardano (ADA) on the Rise

Cardano (ADA) is another altcoin showing strong potential. Known for its research-driven approach and strong focus on security and scalability, Cardano is continuously developing its ecosystem. Its recent updates and projects are expected to drive further growth.

Strong Fundamentals: Research-driven and secure.

Scalability: Continuous improvements in technology.

Growing Ecosystem: Increasing adoption and use cases.

Rising Interest in PawFury (PAW)

Amid the market’s turbulence, PawFury (PAW) has emerged as a particularly promising investment. Pawfury has gained attention for its innovative approach, strong community engagement, and potential high returns. Investors appreciate its unique features and successful presale.

Innovative Ecosystem

Pawfury offers a comprehensive ecosystem that includes decentralized applications (dApps), a vibrant NFT marketplace, and high-yield staking opportunities. This diverse ecosystem attracts a wide range of users and investors.

Successful Presale

Pawfury’s presale has been highly successful, demonstrating strong investor confidence. Analysts are optimistic about its potential, with predictions suggesting significant future growth. Investors are particularly drawn to its growth potential and community-driven development.

Upcoming Exchange Listings

PawFury is expected to be listed on major exchanges soon, which could further boost its accessibility and value. These listings are anticipated to enhance the token’s visibility and trading volume, potentially driving up its price.

Promotional Offer

For those interested in Pawfury, there is currently a promotional offer to use the code “TOKENBONUS10X” to receive a 10% extra bonus on purchases, adding an extra incentive for early buyers.

Factors Driving Altcoin Growth

The anticipated surge in altcoin prices, including Ripple (XRP), Cardano (ADA), and Pawfury (PAW), is driven by several factors:

Technological Advancements: Innovations in blockchain technology and the development of new use cases continue to attract investment.

Market Trends: The overall bullish sentiment in the cryptocurrency market is fostering growth for promising altcoins.

Investor Interest: Increasing interest from both retail and institutional investors is driving demand for high-potential altcoins.

Conclusion

As the cryptocurrency market continues to evolve, Ripple, Cardano, and PawFury stand out as potential winners for 2024. These cryptocurrencies, with their strong fundamentals and innovative use cases, are poised for significant growth. Investors looking to diversify their portfolios should consider these altcoins, keeping in mind the importance of thorough research and understanding the inherent risks associated with cryptocurrency investments.

By staying informed and making strategic decisions, investors can capitalize on the potential surges in these promising altcoins and navigate the dynamic cryptocurrency market effectively.

For more information, see:

Website:https://www.pawfury.com/

Whitepaper: https://www.pawfury.com/static/en/whitepaper.pdf

Twitter: https://x.com/Paw_Fury

PawFury (PAW) has successfully raised $4.2 million in its presale with projections suggesting a potential 100x return by 2024. As the token prepares for major exchange listings, excitement grows due to its innovative approach and strong community engagement.

PawFury (PAW) Token Sees $4.2M Presale, Potential 100x Return by 2024

Date: 15th July, 2024

PawFury (PAW) has completed a remarkable presale, raising $4.2 million and catching the attention of both investors and analysts. With predictions suggesting the possibility of a 100-fold return by 2024, the token continues to generate enthusiasm. As it readies for listing on major exchanges, many are attracted by the combination of innovation and strong community engagement that PawFury promises. However, as with all cryptocurrency investments, potential investors should conduct thorough research and be aware of associated risks.

PawFury (PAW) Token Overview

Successfully raising $4.2 million during its presale, PawFury (PAW) currently has a presale price set at $0.01040. Analysts are optimistic, projecting that PawFury could potentially reach $1 by the end of 2024, indicating a possible 100x return. The increasing excitement surrounding PawFury is further bolstered by upcoming listings on major cryptocurrency exchanges, which will make the token more accessible and likely lead to potential price increases.

Pawfury’s appeal lies in its innovative approach and strong community focus, making it an attractive option for investors looking to diversify their portfolios with new opportunities in the cryptocurrency market. However, prospective investors should always undertake their own due diligence to understand the risks entailed in cryptocurrency investments.

In celebration of its presale success, PawFury is offering a limited-time promotion. By using the promo code BONUSGAIN10X, investors can gain an additional 10% bonus.

Shiba Inu (SHIB) Market Update

Location: Cryptocurrency Market

Period: Last 24 hours

Shiba Inu (SHIB) has observed a 2.50% price increase over the past 24 hours, now trading at $0.00001743. This rise can be attributed to heightened market activity, marked by a 24-hour trading volume of $258,667,781, representing an 18.77% increase.

Recent Developments:

SHIB Marketplace: Plans for a Web3 commerce platform on Shibarium Layer 2.

SHIB ETF: Potential future ETF offerings could attract institutional investors.

Technical Analysis:

Current resistance: $0.00003297

Key support level: $0.00001700

Market sentiment: Bearish, with the price remaining below both the 50-day and 200-day Simple Moving Averages (SMA).

Despite the generally bearish market sentiment, Shiba Inu’s positive correlation with Bitcoin could aid future price recovery. The Relative Strength Index (RSI) indicates potential for growth, yet reduced buying pressure and minimal selling activity signal a cautious market approach.

Ethereum (ETH) Market Insights

Location: Cryptocurrency Market

Period: Recent phase and projections

Ethereum (ETH) is showing signs of recovery, currently trading at $3,201.78, up 2% within the day. Speculation around an Ethereum ETF is contributing to a positive market sentiment, although a clear timeline for ETF approval remains absent.

Technical Analysis:

Current resistance: $3,200

Significant support level: $2,852

Projected target: $4,000 within 4-6 weeks, contingent upon ETF approval.

Market Indicators:

• Consolidation above the 200-day Moving Average (MA) suggests bullish potential.
• Increased trading volume demonstrates strong buying interest.
• The weekly chart reveals a pattern of higher lows.

Both fundamental and technical indicators are aligning for a positive outlook, especially with potential ETF approval on the horizon. Ethereum’s steadiness at key support levels and the present uptrend indicate possible price appreciation in the forthcoming weeks.

While PawFury shows promise, it is crucial to conduct comprehensive research and understand the inherent risks involved in cryptocurrency investments.

To get more details about Pawfury, check out:

Website: https://www.pawfury.com/

Twitter: https://x.com/Paw_Fury