Traders’ new fancy: Crypto F&O

A Gurgaon-based trading firm, Vommafi Technology, backed by family offices, started allocating funds to cryptocurrency futures and options (F&O) in early 2024. Today, this allocation constitutes 30% of their overall portfolio, said one of the traders who is making $1 million (~Rs 8 crore) daily turnover out of crypto F&Os.

Indian traders seem to have a new favourite in crypto F&O with major exchanges like CoinDCX and Delta Exchange witnessing a surge in volumes.