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Delta.Theta Platform Continues to Rise, After the Launch

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Riga, Latvia–(Newsfile Corp. – November 1, 2021) – Delta.theta is a decentralized peer-to-peer options platform based in Estonia and launched in April 2021. A growing trend, decentralized exchanges or DEX’s have exploded in popularity over the past year. This exchange is unique in that it only trades the sales of options in crypto. It is also unique in that it operates with multiple blockchains. Seeking to capture a growing audience, the platform operates on Ethereum, Polygon and the BSC.

The platform is powered by its native cryptocurrency token, Delta Theta (Ticker: $DLTA) which was trading over $0.14 as of October 10. Aside from powering the Delta.theta platform, the DLTA token is also tradable on the decentralized exchanges Uniswap and 1inch, as well as the centralized exchanges – Gate and MEXC.

Launch and Expectations

Based in Riga, Latvia, the delta.theta platform was launched in April of this year to bring options trading to a peer-to-peer platform. It is now one the global leaders in the peer-to-peer crypto options trading space.

In traditional financial markets, derivatives markets are massive – projected to reach $30 billion by 2026. In the crypto industry, this is as of yet a mostly untapped market. If crypto follows the trajectory of traditional financial markets derivatives, then this market could see an increase of 100 times higher volumes than what is currently occurring.

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To emphasize this, crypto markets have outpaced traditional financial markets in growth by many times. Crypto has expanded in just a decade to a scope that it took traditional finance markets centuries to similarly grow.

Delta.theta and its CEO Danil Zatologin are hedging their bets on the fact that based on the above, the crypto derivatives market growth rates may in fact blow off the top of these expectations.

Crypto Options Trading How it Works

Options trading allows traders to trade while exposing less of their position. With a decentralized exchange, the user is able to hold and utilize their liquidity, as opposed to a centralized crypto exchange, which requires the trader’s liquidity to be provided into exchange’s custody. Here is a graphics of how it works:

Figure 1: Delta.Theta Platform Continues To Rise, After The Launch

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Preparing the Onramps

Delta.theta used Q3 to establish and build its network, partnership and increase its services for traders.

This kicked off in July, when they completed a funding round with an investment from Thundermark, a New York City and Miami-based early-stage tech venture capital fund. Following this, delta.theta was even invited by the Mayor of Miami to set up a headquarters in the city.

Also in July, after completing work on the testnet, the official Ethereum mainnet launch included the listing of the first trading pairs: $BTC, $ETH, $DLTA, $DAO.

This was followed by a second mainnet launch, on the Binance Smart Chain, to provide users with an alternative with lower fees. This made available new trading pairs for: $BTC, $BNB, $ETH, $DLTA and $HAPI.

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Creating a third blockchain bridge, the official Polygon mainnet launch occurred, which further optimized network fees for the platform. The $WMATIC, $WETH, $DLTA and $HAPI trading pairs were also added.

August all saw the platform add zero fee markets for $DLTA options. To further bolster its already active social media community, delta.theta also launched a Turkish community in August.

To ensure user confidence and safety, the platform’s smart contracts were audited successfully a second time.

An additional product was also added to enrich the user experience. A token farming platform was launched on the 24th of August.

Delta.theta Tokenomincs Updates

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The delta.theta token has two features built into the tokenomics that have proved over time to add sustained value for participants in the ecosystem.

The first is that holders get 30% discounts for trading fees while using the DLTA token to pay for network and platform fees.

The second feature is that of deflationary supply – there is a token burn each quarter which is done with a portion of the trading fees collected by the exchange.

With these features delta.theta aims to keep users happy and engaged in the ecosystem.

Contact

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Delta.theta is an early mover as a crypto options DEX, and is currently building the framework for the projected increase in demand for its services, as the crypto industry matures.

For more updates and news, connect with delta.theta across the web and social media here:

Social Media:

Twitter: https://twitter.com/deltatheta_tech
Telegram Group: https://t.me/deltatheta
Telegram Channel: https://t.me/DeltathetaNEWS
Telegram Group (RU): https://t.me/DeltathetaRU
Telegram Channel (RU): https://t.me/deltathetanews_ru
CoinGecko: https://www.coingecko.com/en/coins/delta-theta
CoinMarketCap: https://coinmarketcap.com/currencies/delta-theta/

Media Details

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Company Name: Delta.theta
Email: [email protected]
Website: https://deltatheta.tech/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101513

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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