Fintech company Delta.Theta has launched the world's first decentralized and regulated P2P options exchange. Through partnering with regulated broker Just2Trade, the platform is able to ensure KYC/AML processes, followed by gaining access to the P2P crypto trading platform provided by Delta.Theta. This unique combination opens the world of decentralized finance (DeFi) to major financial institutions, marking the beginning of DeFi integration into the corporate finance sphere.
In the newly-launched hybrid DEX platform, individuals will be able to buy and sell options from peers, while simultaneously providing the regulation and transparency of a licenced organization. Delta.Theta supports various networks, including Ethereum, Binance Smart Chain, Polygon and Aurora/NEAR, and makes it possible to trade currencies such as BTC, ETH, BNB, AAVE, MATIC, DOT, etc.
Through its platform, Delta.Theta opens P2P options trading to the regulated financial market – a first step in bringing DeFi into the traditional finance sector. The platform is a signifier of the times – that DeFi will increasingly be integrated into major financial institutions, such as banks, hedge funds, asset firms, and other regulated market participants.
Until now, traditional finance market participants have been averse to participating in DeFi due to the unregulated and volatile nature of the industry. However, by partnering with regulated brokers Just2Trade, they provide all of the levels of security that licenced financial institutions require to do business, including rigorous KYC and AML processes.
“Delta.Theta brings transparency and regulation to the crypto options trading industry. Right now, 90% of every crypto exchange made is processed through a company called Deribit, which is a non-regulated company in Panama. They process $8B in open interest transactions per day. While this may be acceptable to risk-averse early adopters, more serious market participants need a regulated environment to feel secure, and for crypto trading to enter the mainstream. This is what Delta.Theta brings to the table.” – Daniil Zatologin, co-founder and CEO of Delta.Theta
The platform also enables individuals to trade options without the need of a third-party. Individuals are able to trade directly from their wallets, thus eliminating the risk inherent in first transferring funds to a third-party broker.
The combination of KYC and AML compliance, use of distributed ledger technology, broker-free platform, and unique technical features makes Delta.Theta ideally positioned to introduce decentralized finance to the regulated financial sector, starting with options exchange.
Delta.Theta is a fintech company founded in 2020, currently seeing 50% quarter-to-quarter growth in the notional value of trading options. It was co-founded by serial entrepreneur Daniil Zatologin and blockchain expert Ilia Chesnakov. Zatologin is a professional trader with more than 15 years of experience in the stock and derivatives market in various brokerage companies. Chesnakov is a full-stack developer and resident blockchain expert with experience in developing and supporting high-load applications. He is the winner of multiple Worldskills National Inter-University competitions. For the last 5 years, he has been focusing on the development of fintech applications.
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