Delta Exchange is a derivative cryptocurrency platform where traders can trade Ethereum futures and perpetual swaps of cryptocurrencies. It has been around since 2018, and the company hasn’t been a victim of any hacks or system failures. It has had a 100% success rate, which puts it in the good books of many traders.

What makes Delta Exchange stand out is the different types of orders traders can place and the ease of identifying them. This helps traders concentrate more on their trading strategy rather than paying attention to placing multiple orders.

The Common Orders:

1. Limit Order

Like any exchange, one can place a limited order. The main reason for placing a limit order is to ensure the trader executes an order at his price level. For instance, if a contract is trading at $250 but the trader wants a buy order to be fulfilled at $245, a limit order can be placed to ensure the Order is executed aOrder5 only if and when the price reaches that level.

Since a Limit Order adds liquidity to the books, instead of being charged taker fees, a trader receives a rebate, i.e., Maker Fees are opposed on Delta Exchange. This feature attracts traders to avoid paying taker fees.

2. Market Order

A market order is executed immediately at the best price available. Since a trader is taking away liquidity from the exchange, he or she is charged a taker fee.

3. Stop Order

A stop order is a Provisional order executed only when a certain Trigger Price has been hit. Traders use stop orders as risk management techniques to limit their losses. While there are several different mechanisms of Stop Orders, the one followed on Delta Exchange is executed in two steps. The stop is a trigger, and once the trigger price has been hit, the stop order will be executed. The stop order on execution can be a limit or market order.

4. Bracket Order

This feature on Delta Exchange lets traders place two opposite-side orders: take Profit and Stop Loss. A Take Profit order is placed once your trade has reached a certain level of profit. A stop-loss order is placed to limit losses. On Delta Exchange, Bracket Orders can be placed to an already existing position, an already existing order, or a new order altogether.

The Advanced Orders:

Delta Exchange also offers FOK, IOC, and GTC order types that traders can use.

1. Fill or Kill

A Fill or Kill order is one that is executed entirely when placed or cancelled if not executed. Partial execution in an FOK order is not possible. An FOK order is used when large quantities need to be bought at a similar price range.

2. Immediate or Cancel

An Immediate or Cancel Order is an order that, when placed, is executed immediately with the matched quantity and the unfilled quantity is cancelled immediately.

Many traders often need clarification on FOK and IOC. Note that a FOK order, when placed, is completed fully, while in IOC, partial execution of the order is accepted, and the other half is camcorder.

3. Goods till Cancelled

A Goods until Cancelled (GTC) order is an open order until execution or until it is canceled by the trader. By default, all Limit Orders on Delta Exchange are GTC Orders.

Delta Offers and Referral Programs

Delta Exchange rolls out exciting offers and referral programs based on the seasons and festivities. Closing out in 2019, they had a $10 bonus offer, which was offered after a few steps were followed. Delta Exchange also held some contests on Twitter, which gave out USD deposits for Christmas and New Year. The wait for the next Delta Offer is definitely on the lookout.

What’s next for Delta Exchange in 2024?

Delta Exchange has been prompt in listening to the traders and listing innovative coins on the exchange. Like the past few years, Delta Exchange is also looking to innovate in 2020. Currently, they’re working on introducing Option Trading on the platform. Seeing how successful they have been in ensuring they aren’t victims of any trading glitch, it will be great to see them introduce options.

All in all, Delta Exchange is emerging as a strong player in the crypto derivative space—definitely one to watch out for!