Today, I will be talking about the top 12 cryptocurrency derivatives exchanges
Are you looking for the best derivatives exchanges where you can buy and sell bitcoin and other digital currencies?
If yes, then, you are in the right place.
I personally reviewed over 20 cryptocurrency derivatives exchanges, and I can say the ones that I am about to show you stand out from the rest.
Ok, let’s dive into this post!
The focus points for this post are:
You can click on any of the outlines to take you directly to where it is discussed in detail. Enjoy!
Top 12 Derivatives Exchanges
Derivatives exchanges are platforms that allow two parties to agree upon a speculated buying price of any underlying crypto asset on a particular date or future.
A number of cryptocurrency derivatives exchanges provide derivatives trading.
Examples of such platforms include:
|No||Exchanges||Maker fees||Taker Fees||Volume||Year launched|
Find more details about the exchanges below.
Binance is the world’s top exchange in terms of derivatives trading and in terms of liquidity.
Since the introduction of the Binance derivatives market, traders have more options and a better variety of trading platforms to choose from.
The supported currencies are USDT, BTC, BUSD, BNB, ETH.
Binance futures offers two platforms:
- USDT-Margined Futures: Supports perpetual and delivery contracts with leverage of up to 125x and settled in USDT.
- Coin-Margined Futures: Supports perpetual and delivery contracts with leverage of up to 125x and settled in cryptocurrency.
Altogether, Binance Futures offers over 172 derivative products out of which 95 are USDT-margined futures contracts
OKX is a world-leading and trusted cryptocurrency and bitcoin exchange. with hundreds of derivatives pairs
Since its inception, OKX has listed over 250 digital assets with over 399 trading pairs.
The supported currencies: ETH, BTC, LUNA, DOT, DOGE, FTM.
Derivative products offered:
Total trading on the platform, including derivative instruments, grew by over 7000% percent.
FTX is a centralized cryptocurrency exchange. It describes itself as a crypto derivatives exchange.
It is ranked no 7 on coinmarketcap.
The supported currencies are BTC, ETH, SOLANA, USDT, FTM.
The derivatives products offered:
Bybit is one of the largest cryptocurrency derivatives exchanges based in Singapore.
Established in 2018, Bybit is committed to creating a fair and transparent, and efficient trading environment.
It is ranked no 3 on coinmarketcap.
The Supported currencies are; BTC, ETH, XRP, LTC, ADA.
Derivative products currently offered on the Bybit platform are:
- Inverse perpetual contracts:
- Linear perpetual contracts:
- Inverse futures contracts:
- 7(BTCUSD quarterly).
Bitget is a centralized cryptocurrency exchange founded in 2018 in Singapore.
It ranks 4th on Coinmarketcap.
The supported currencies are BTC, BTG, ETH, LTC, XRP, BNB.
Derivative products currently offered on the Bitget platform are:
- USDT Margined Futures: Here you can trade the futures contract of up to 41 cryptocurrencies. The contracts here are quoted and settled in USDT.
- Coin Margined Futures/ Quanto Swap Futures: You can trade the perpetual contract of multiple cryptocurrecies, but unlike the former, this contract is quoted in USD and can be settled in the following coins: BTC, ETH, USDC, XRP, and BGB.
Bitget allows for up to 125x leverage and simulated trading on both categories of futures contracts.
Huobi Global is a leading cryptocurrency derivatives exchange with a strong presence in the Asian market.
Founded in 2013, Huobi provides a digital asset ecosystem that encompasses Spot trading, derivatives trading, crypto yields product, and more.
It ranks 12th on Coinmarketcap
There are over 215 trading pairs on the exchange.
The supported currencies are USDT, BTC, ETH, LUNA, USDT.
Derivative product currently offered on this platform are:
- Coin- margined futures:
- ( BTC/USD,
- Coin- margined swaps:
- ( BTC/USD)
- USD- margined contracts
Kucoin is a cryptocurrency exchange founded in August 2017, located in Seychelles.
KuCoin provides an exchange service for users to conduct digital assets transactions securely and efficiently
It ranks 13th on Coinmarketcap.
The Supported currencies are BTC, FTM, LUNA, SOL, USDT.
Derivatives products offered on this platform:
- USD- margined contracts:
- ( BTC PERP/USDT)
- ( ETH PERP/USDT)
- (LINK PERP/USDT)
- Coin- margined futures:
- (BTC PERP/USD)
- (ETH PERP/USD)
- (DOT PERP/USD)
- (XRP PERP/USD)
Gate.io is one of the largest crypto derivatives exchanges in the world by trade volume. with over 211 trading pairs
Currently, this company is headquartered in George Town, and it supports users worldwide..
It ranks 13th on Coinmarketcap.
The supported currencies are USDT, BTC, ETH, LUNA, and BNB.
It offers the following Derivative products:
- BTC- margined:
- ( DASH/USD)
Founded in 2018, MEXC global is the one-stop solution for spot trading and derivatives like ETF Margin and Futures.
There are over 209 trading pairs on the exchange.
It ranks 16th on Coinmarketcap.
The supported currencies are ETH, LTC, TRX, BTC, LUNA.
Derivatives products offered include:
- ( ANC_ USDT SWAP)
- ( BTC_USDT SWAP)
- ( ETH_USDT SWAP)
- Coin- margined futures:
- ( BTC_USD SWAP)
- ( ETH_USD SWAP).
Crypto.com is a centralized exchange based in the Cayman Islands.
It offers deep liquidity, competitive execution rates, and low fees.
It ranks 19th on Coinmarketcap.
The supported currencies are BTC, ETH, CRO, DOT, VET, AXS, AVAX.
Derivatives product offered :
- ( CROUSD-PERP)
- (BTCUSD/ ETHUSD)
Bitfinex is a cryptocurrency derivative exchange owned and operated by iFinex inc
It ranks 27 on Coinmarketcap.
The supported currencies are BTC, ETH, LUNA, LTC, ADA.
Derivatives products offered:
- ( BTC-PERP)
- ( LTC-PERP)
- ( DOT-PERP)
Bitfinex allows up to 100x leverage on BTC, ETH, and perpetual contracts.
Kraken was established in 2011, and it formally launched its trading operations in 2013. it is owned by Payward Inc.
It ranks 28th on coinmarketcap.
The supported currencies are BTC, LTC, ETH, XRP, BCH.
Derivatives products offered are:
- ( XRP/USD)
But then, which is the best derivatives exchange to use?
I provided the answer to that question in the next subheading.
Which Is The Best?
If you have carefully followed this post you will see that each one is battling out to offer the best features and services to attract users.
However, not all exchanges are created equal, as each has its own drawbacks and benefits.
So how do you choose the best crypto-derivatives exchange when there are so many options?.
Picking the right crypto derivatives exchange comes down to your individual expectations and priorities.
Here’s how to find the best crypto derivatives exchange
….When trading the derivative market I have to consider:
1. Safety and Security
Security is the number one priority of any exchange. without the necessary safeguards, users’ funds and personal data are always at risk.
Check to see if the exchange offers two-factor authentication (2FA).
2. Insurance Fund
Insurance funds are safety nets that protect traders from adverse losses, where in some cases traders may lose more than what they have.
With a well-capitalized insurance fund, traders need not worry about socialized losses, as the exchange will be responsible for the deficit.
3. Technology and Infrastructure.
The matching engine is a fundamental building block of any exchange that enables users to transact their orders efficiently.
Technology and infrastructure should not be overlooked as they impact users’ trading experience and their ability to transact efficiently.
4. Liquidity and Volume
Market liquidity and volume are essential to traders because they impact transaction costs.
In a liquid market, a seller will quickly find a buyer without cutting the asset’s price to make it attractive.
A liquid market is associated with less risk.
Transaction cost is a big part of derivatives trading, especially if you are an active trader.
Understanding the different fee structures among derivatives exchanges can help you save a lot of money.
These fees are also known as taker and maker fees.
7. Leverage and Range of products.
Lastly, you want to choose an exchange that provides a comprehensive range of products, be it in the types of derivatives or in the selection of crypto-derivatives contracts available.
Investors are looking for investment opportunities beyond cryptocurrency powerhouse ( i.e., Bitcoin, Ethereum).
Low-cap cryptocurrencies with promising growth potential may attract interest from both institutional and retail investors alike.
Top-tier derivative exchanges such as Binance and OKX allow users to leverage up their positions to 125 times their initial margin.
This means with a $1,000 investment, you can open a maximum position worth $125,000.
Some crypto- derivatives exchanges with strong reputations are Binance, Huobi, OKX.
These exchanges all have a different feature that attracts a certain type of investor.
For example, Binance Futures is excellent for beginners since it has a simple user interface.
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This is where we call it a wrap for this post. I hope it was helpful
We would like to get your feedback.
Which of these derivative exchanges would you prefer?
Have you had any experience with any of these exchanges – what is your experience like?
Let me know your thoughts in the comment section below.
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