Most big Indian apps now offer INR-margined crypto futures, so you no longer need USDT to trade them. They differ on which coins you can trade, whether options are available, fees and maximum leverage. Read the risk section before you pick one.
The derivatives specialist: INR-settled futures, perpetuals and options on BTC and ETH, with published fees of 0.02% maker / 0.05% taker on futures and 0.03% on options, and free INR deposits.
Read our full Delta Exchange review · Official site: www.delta.exchange
The widest range in one app: INR- and USDT-margined futures plus INR options on BTC, ETH and SOL, alongside spot, SIPs and staking.
Read our full CoinDCX review · Official site: coindcx.com
INR margin even on USDT-pair perpetuals, so you never convert to USDT, with leverage up to 20x.
Read our full ZebPay review · Official site: zebpay.com
INR-settled perpetuals on BTC and ETH since May 2026, up to 10x, at 0.02% maker / 0.04% taker, the lowest published taker fee here.
Read our full WazirX review · Official site: wazirx.com
INR-margined futures since March 2026 and USDT futures, at 0.02% maker / 0.05% taker, plus commodity futures on gold, silver and crude.
Read our full Mudrex review · Official site: mudrex.com
| App | Futures | FIU-IND |
|---|---|---|
| Delta Exchange | INR futures + options | ✅ Yes |
| CoinDCX | INR + USDT, options | ✅ Yes |
| ZebPay | INR-margined | ✅ Yes |
| WazirX | INR perps (BTC, ETH) | ✅ Yes |
| Mudrex | INR + USDT | ✅ Yes |
Fees and features change often. Checked 24 Sep 2026; confirm on the exchange before you trade.
Leverage works both ways. At 10x, a 10% move against you wipes out your margin; at 20x, a 5% move does. Crypto moves 5% in a day often. Most retail futures traders lose money, and losses come faster than on spot.
With INR-margined futures your margin, profit and loss are in rupees, so there is no USDT conversion or its spread. USDT-margined contracts usually cover more coins but require you to buy USDT first. CoinSwitch also offers INR futures and options; Binance lists USDT futures, but check whether they are available to Indian accounts in the app.
Compare the two biggest derivatives options head to head in CoinDCX vs Delta Exchange.
Yes. FIU-IND registered exchanges such as CoinDCX, Delta Exchange, ZebPay, Mudrex, WazirX and CoinSwitch offer crypto futures to Indian users. They are not regulated by SEBI, so you get no investor protection scheme.
Published maker/taker fees: WazirX 0.02%/0.04%, Delta Exchange and Mudrex 0.02%/0.05%, plus 18% GST. Check each exchange’s current fee page.
Delta Exchange (BTC and ETH), CoinDCX (BTC, ETH and SOL) and CoinSwitch offer INR-settled crypto options.
Treatment of crypto derivatives is complex and still debated. Many treat profits as VDA income at 30%; others argue business income. Keep full records and consult a CA.
