Transparency Message from Delta Exchange

In light of the recent events in the industry we would like to reiterate that all customer funds on Delta Exchange are safe and available for withdrawal at any time. We keep funds with best in class custodians and we have dollar for dollar, bitcoin for bitcoin, ether for ether i.e. 1:1 cover for all assets. Withdrawals have been running smoothly, with our usual process of auditing all withdrawals, and it is business as usual on Delta Exchange. In order to give more transparency, we are exploring Proof-of-Reserve solutions such as Merkle trees and others and plan to publish proof of reserve in the coming days. As a responsible venue for leveraged trading, we have halted contracts where the volatility in the underlying has been very high. Margin requirements have been increased in some cases. Please follow our telegram group/channel for granular updates on these. Lastly, our token DETO is and has always been used primarily for fee payments on Delta Exchange. We don’t have any borrowings against DETO and have not used it as collateral anywhere. No other centralized or decentralized exchange or lender is allowing DETO as collateral to the best of our knowledge. Two pools on Delta Exchange which allow using DETO for participating in other pools have been inactive since the last few months. For any queries please reach out to us at [email protected]. Thanks, Team Delta Exchange.