The Indian crypto market looks seriously different in 2026 compared to two years ago. Regulatory enforcement has tightened, several offshore exchanges have moved toward FIU registration, and domestic players introduced INR-native derivatives infrastructure. At the same time, derivatives now account for the majority of global crypto trading volume, shifting trader focus beyond spot.
For anyone evaluating the best crypto exchange in India for BTC and ETH options, compliance clarity is no longer the only variable. Liquidity depth, settlement currency, and access to advanced tools like algo trading infrastructure now meaningfully impact outcomes.
Here are six crypto trading platforms Indian traders are watching this year.
6 Best Crypto Options Trading Platforms in India (2026)
| Platform | Best For | Settlement | Compliance |
| Delta Exchange | Structured INR Derivatives | INR | FIU – Registered |
| Deribit | Global Options Depth | USDT/BTC | VARA (Dubai) |
| Binance | Scale & Liquidity | USDT | FIU – Registered |
| Bybit | Active Derivatives | USDT | FIU – Registered |
| CoinDCX | Retail Onboarding | INR | FIU – Registered |
| Pi42 | INR Margined Options | INR | FIU – Registered |
1. Delta Exchange
Delta Exchange was among the earliest platforms to list BTC and ETH options for Indian traders. It operates as a derivatives-first Indian crypto exchange, with spot trading added alongside.
- Best for: Executing advanced options strategies with structured INR-settled tools.
- Settlement: The platform offers native INR settlement, eliminating the need for USDT conversion.
- Options: Traders can access BTC and ETH contracts with weekly, monthly, and quarterly expiries.
- Tools: It provides high-end features like payoff charts, basket orders, and a strategy builder for systematic trading.
- Compliance: The exchange is fully FIU-registered under India’s PMLA guidelines.
2. Deribit
Deribit remains one of the largest global crypto options venues by volume and open interest.
- Best for: Accessing deep global liquidity and professional-grade options depth.
- Settlement: Positions are settled using either USDT or BTC.
- Options: It features a wide range of BTC and ETH options with daily to quarterly expiries.
- Tools: The suite includes a full options chain, real-time Greeks, and an implied volatility surface.
- For platforms operating in India, FIU registration has become the industry baseline.
3. Binance
Binance remains the largest global crypto trading platform by overall volume. It completed FIU registration in India and provides a P2P INR corridor.
- Best for: Leveraging the world’s largest liquidity pool and global scale.
- Settlement: Trading is primarily conducted in USDT with an integrated P2P INR corridor.
- Options: It offers BTC and ETH options across multiple expiry structures.
- Tools: Users can switch between simplified and advanced interfaces depending on their expertise.
- Compliance: The platform has successfully completed FIU registration in India.
4. Bybit
As the world’s second-largest derivatives exchange, Bybit has solidified its presence in India by becoming FIU-registered and resolving prior regulatory hurdles, making it a top-tier choice for high-frequency trading in 2026.
- Best for: Professional traders seeking high-performance execution and deep order book liquidity.
- Settlement: All derivatives and options contracts are primarily settled in USDT.
- Options: The platform provides a robust selection of BTC and ETH options with flexible, multiple expiry structures.
- Tools: Traders have access to a Unified Trading Account that seamlessly integrates futures, perpetuals, and options within a single interface.
- Compliance: It operates as a compliant reporting entity under the PMLA, ensuring a secure environment for Indian users.
5. CoinDCX
CoinDCX continues to lead the Indian domestic market by prioritizing user safety and a simplified onboarding process for those new to the crypto derivatives space.
- Best for: Retail investors transitioning from spot buying to basic derivatives.
- Settlement: The platform is built on a direct INR-native settlement system for all trades and margins.
- Options: It offers a streamlined selection of BTC and ETH options aimed at retail accessibility.
- Tools: The interface is designed for ease of use, supported by a newly launched high-performance web terminal for active traders.
- Compliance: It is FIU-registered and maintains a ₹50 crore Investor Protection Fund for added user security.
6. Pi42
Pi42 operates with a dedicated INR-margined terminal aimed at reducing stablecoin dependency.
- Best for: Native INR-margined derivatives with a focus on cost efficiency.
- Settlement: The exchange is fully INR-margined, requiring no stablecoin holdings.
- Options: It lists BTC and ETH contracts with daily, weekly, and monthly expiries.
- Tools: Essential data like Greeks, implied volatility, and open interest are provided.
- Compliance: It is an FIU-registered platform where derivatives trades avoid the 1% TDS applicable to spot.
Why Platform Choice Matters More in 2026
- Regulatory Stability: FIU compliance is now the industry standard, protecting traders from sudden outages or legal risks. For more on these standards, see Delta’s guide on KYC and AML Requirements.
- Derivatives Core: With 70%+ of volume in derivatives, technical execution now outweighs brand fame.
- Pro-Level Tools: Success in 2026 requires advanced API access and structured order flow over basic “buy/sell” apps.
Final Take
Choosing a crypto options platform in 2026 is less about finding what is available and more about finding what fits. Compliance is now table stakes; every platform on this list has cleared that bar. What separates them is the settlement model, liquidity depth, and the quality of tools available when your strategy moves beyond a simple call or put.
Start with what matters most to your trading strategy approach, then evaluate from there.
Traders seeking INR-settled derivatives infrastructure can explore Delta Exchange at www.delta.exchange.
Disclaimer: Investing in cryptocurrency entails bearing the high risk of market volatility. Kindly research before investing.
FAQs
1. Is crypto options trading taxable in India?
Yes. Crypto gains are taxed at 30% under current regulations. The 1% TDS applies to spot transactions, while derivatives treatment may vary by platform structure.
2. What is algo trading in crypto?
Algo trading refers to automated trade execution using predefined rules through APIs on a crypto trading platform.
3. Which is the safest crypto exchange in India?
No exchange is entirely risk-free, but starting with FIU-registered platforms and reviewing their security track record before depositing funds is the safest approach.
