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Best Crypto Futures Exchanges

Best Crypto Futures Exchanges

Explore our expert guide on the best crypto futures platforms, ensuring top-tier security and regulatory compliance for traders.

Summary: Crypto futures trading lets investors speculate on crypto price changes without owning the assets, serving both as profit opportunities and market volatility protection. Selecting platforms with strong security and strict regulatory adherence is crucial. These platforms offer multiple funding methods and a regulated environment for safe trading in futures and derivatives contracts.

After thorough research, we have identified the top five crypto futures platforms, renowned for their strong security measures, liquidity, adherence to regulations, user-friendly interfaces, and favorable user reviews. This curated list assists traders in selecting a platform that aligns with their trading objectives, prioritizing both security and operational efficiency.

  1. Bybit: Best Overall Crypto Futures Exchange
  2. MEXC: Offers the Highest Leverage (200X)
  3. Binance: Ideal for Institutional Investors
  4. Gate.io: Premier Exchange for Altcoin Futures
  5. HyperLiquid: Best Decentralized Futures Exchange
Best Crypto Futures Trading Platform
5.0 out of 5.0 by Datawallet.
Bybit is the best overall platform for crypto futures trading, offering competitive fees, strong security, a vast portfolio of over 1,000 assets, and a daily trading volume surpassing $50 billion.
Available Markets
Futures, options and spot trading on 1,000+ assets.
Trading Fees
Maker fees 0.01% and Taker fees 0.06%.
Available Leverage
Up to 100x collateralized with USDC or USDT.

Bonus: Earn up to $30,000 in rewards when you make your first deposit and trade.

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Best Crypto Futures Trading Platforms

In our search for the top crypto futures trading platforms, we examined over 15 exchanges, focusing on critical aspects such as regulatory standing, crypto diversity, user experience, leverage options, and funding methods. Our refined list spotlights the top exchanges, breaking down essential information like crypto derivatives offerings, maker and taker fees, liquidity, leverage, and unique features to empower traders to make informed decisions in the market.

Exchange
Cryptocurrencies
Trading Fees
Available Leverage
Key Features
Bybit
1,000+
0.01% Maker Fee & 0.06% Taker Fee
100x Leverage
Futures, Options, Inverse Futures, Staking & More
MEXC
300+
0.02% Maker Fee & 0.06% Taker Fee
200x Leverage
Most Leverage, Futures, Options & More
Binance
300+
0.02% Maker Fee & 0.06% Taker Fee
20x Leverage
Futures, Options, Lending, Staking & More
Gate.io
1,700+
0.015% Maker Fee & 0.05% Taker Fee
100x Leverage
Widest Altcoin Variety, Futures, Options & More
HyperLiquid
100+
0.02% Maker Fee Rebate & 0.05% Taker Fee
50x Leverage
Decentralized Platform, Fee Rebates & More

1. Bybit

Bybit leads the pack in the cryptocurrency futures trading domain with its superior user interface, exceptional liquidity, and industry-leading security. Catering to a global audience in over 180 countries, Bybit simplifies fiat deposits through bank transfers, credit/debit cards, and PayPal, while offering the versatility of USDT and USDC stablecoins for collateral. Its fame is echoed by influential crypto Twitter personalities like Hsaka, Ansem, and Pentoshi, attracting a user base exceeding 25 million.

What sets Bybit apart is its impressive selection of cryptocurrencies, presenting more than 1,000 options for spot trading and over 300 for futures. Its fee structure is competitive, enticing market makers with rates as low as 0.01% and market takers at 0.06%. Bybit's rise to prominence, particularly as Binance scales back, is acknowledged by top crypto analysts and is evident in its significant daily trading volume, which surpasses $56 billion.

  • Fee Structure: Market makers enjoy 0.01% fees; market takers face 0.06%, with spreads varying by market conditions.
  • Available Assets: A broad range of over 1,000 cryptocurrencies for spot trades and more than 300 for futures.
  • Deposit Methods: Supports bank transfers, credit/debit cards, PayPal, Google Pay, Apple Pay, among others.
  • Available Leverage: Up to 100x leverage on perpetual futures contracts.
Bybit Futures Exchange

2. MEXC

MEXC secures its place as the second-best on our list, launched in 2018 and based in Victoria, Seychelles. It appeals to a wide audience in over 170 countries, offering a rich selection of cryptocurrencies, including more than 300 altcoins, in a user-friendly and secure environment. MEXC distinguishes itself with its high-leverage options, providing up to 200x on over 100 cryptocurrency assets, outpacing most competitors.

Its futures trading platform is quickly gaining traction for its impressive volume growth, efficiently managing daily volumes that exceed $10 billion. Though it might not match the liquidity of the biggest exchanges, MEXC boasts substantial liquidity and narrow spreads for popular crypto pairs. Offering a full suite of trading services, including spot, margin, futures, staking, and Initial Exchange Offerings (IEOs), MEXC is a go-to for traders seeking diversity and high-leverage trading opportunities.

  • Fees: Maker fees at 0.02%, Taker fees at 0.06%.
  • Available Assets: Extensive range with over 300 altcoins, including leading ones like Bitcoin and Ethereum.
  • Deposit Methods: Includes USDT, BTC, USDC, and card payments.
  • Available Leverage: Boasts the highest leverage in the market with up to 200x for futures contracts, appealing to experienced traders looking for high-risk and high-reward outcomes.
MEXC

3. Binance

Binance secures the third slot on our list, emerging as a strong player in the crypto futures market. Previously the go-to for futures trading, it now trails Bybit in volume and userbase, affected by regulatory challenges in the USA. Boasting an impressive selection of over 300 cryptocurrencies and operational in more than 150 countries, Binance is particularly favored by institutional investors, thanks to its market-leading liquidity in key assets like Bitcoin and Ethereum.

Binance's futures trading feature offers leverage up to 25x, with a starting fee structure of 0.02% for Maker Orders and 0.06% for Taker Orders. Though slightly higher than Bybit's fees, its wide array of options and robust liquidity position it as a compelling choice. However, traders should consider the heightened regulatory attention Binance has attracted lately, especially regarding its practices around collateral storage.

  • Fees: Maker Orders at 0.02% and Taker Orders at 0.06%.
  • Available Assets: Broad selection of 100+ cryptocurrency derivatives contracts and 300+ assets for spot trading.
  • Deposit Methods: Includes bank transfers, crypto deposits, credit/debit cards, WeChat Pay, crypto deposits and many other methods.
  • Available Leverage: Up to 25x leverage on futures contracts.

4. Gate.io

Gate.io claims the fourth spot on our list, standing out for its exceptional range in long-tail altcoin futures trading. With a robust lineup of over 1,700 cryptocurrencies, the platform is notable for its early listings of unique altcoins and memecoins such as Dogwifhat, PEPE, and more. Serving an international community in over 200 countries, Gate.io is a go-to for traders seeking a broad spectrum of assets for both spot and derivatives trading.

Despite somewhat lower liquidity levels compared to its larger rivals, Gate.io offers a highly competitive fee structure, with Maker fees at just 0.015% and Taker fees at 0.05%. This makes Gate.io an attractive choice for traders looking for a vast, eclectic mix of crypto assets within a vibrant trading environment. However, it's worth noting that Gate.io operates offshore in the Seychelles, placing it outside the regulatory purview of jurisdictions that oversee platforms like Bybit and Binance.

  • Fees: Maker fees at 0.015% and taker fees at 0.05%.
  • Available Assets: Offers an expansive selection of 1,700+ cryptocurrencies.
  • Deposit Methods: Accepts bank transfers, cryptocurrency deposits, and card payments.
  • Available Leverage: Leverage options extend up to 100x on futures contracts.
Gate.io

5. HyperLiquid

HyperLiquid secures the fifth position in our roundup, standing out as the top decentralized futures exchange with a 24-hour trading volume that exceeds $4 billion, positioning it as the DeFi space's most liquid platform. Hosted on Arbitrum layer 2, it excels in speed, liquidity, and user experience, boasting no gas fees, maker rebates, and low taker fees. Traders can leverage up to 50x on over 100 crypto assets, including major names like Bitcoin, Ethereum, Solana, and more.

Designed for ease and efficiency, HyperLiquid features one-click trading and rapid transactions on the Arbitrum blockchain, making it highly favored in the DeFi derivatives realm. It emphasizes security and smooth operation, integrating seamlessly with Web 3 wallets and showcasing a transparent on-chain order book. As a non-custodial platform, it offers a secure environment for on-chain derivatives trading without the custodial risks seen in cases like FTX.

  • Fees: Makers earn a 0.2% rebate; takers face starting fees of 0.05%, with volume discounts.
  • Available Assets: Hosts over 100 crypto assets, a leader among decentralized perpetual platforms.
  • Deposit Methods: Supports major Web 3 wallets and USDC deposits.
  • Available Leverage: Allows up to 50x leverage for its range of cryptocurrencies.

What is Crypto Futures Trading?

Crypto futures trading is an arrangement to buy or sell crypto at a predetermined future date, enabling traders to bet on price directions without holding the actual cryptocurrency. Utilizing leverage can amplify both gains and losses, underscoring risk management's significance. The choice of exchange is crucial, with criteria like cryptocurrency variety, robust security, ease of use, and clear fees being vital for successful trading.

Top exchanges provide the necessary infrastructure for executing trades, managing margins, and, in many cases, adhering to regulatory standards. In choosing a platform for crypto futures, traders should look for high liquidity, a range of leverage options, and excellent customer support to guarantee a safe and efficient trading journey.

Can I Trade Crypto Futures in the USA?

In the USA, futures contracts accessible to investors are those on regulated markets like the Chicago Mercantile Exchange (CME), with BITO by ProShares being a notable example. These options, generally aimed at institutional investors, are pricier and less user-friendly compared to crypto-native futures platforms. 

Given the regulatory framework overseen by the Commodity Futures Trading Commission (CFTC), retail investors interested in alternatives often turn to decentralized platforms. HyperLiquid, the most popular DeFi futures exchange, allows trading directly from MetaMask or Coinbase Wallets in a non-custodial fashion, presenting a viable option for crypto derivatives trading within the regulatory confines in the United States.

Exchange Fees

Cryptocurrency futures exchanges charge fees that are vital for traders to understand, as they directly affect your trading strategy and bottom line. Here's a quick breakdown:

  • Trading Fees: Incurred during the execution of trades. Maker fees apply to limit orders that add liquidity to the market by not executing immediately. Taker fees are charged for orders that fill immediately, removing liquidity from the market.
  • Funding Rates: Relevant for perpetual futures contracts, these rates are adjusted periodically to ensure the futures prices align with the spot price of the underlying asset. Monitoring the crypto funding rates is crucial for managing the costs associated with maintaining positions.
  • Withdrawal Fees: These fees are charged when withdrawing funds or profits from the platform, and can be either a fixed amount or a percentage of the withdrawal sum.
  • Margin Fees: Applicable in margin trading, where trades are executed with borrowed funds. These fees include interest or borrowing costs, varying with the loan size and duration.

Each platform has its own fee setup, so doing your homework on these costs is key to keeping more of your profits.

Bottom Line

In closing, crypto futures trading offers investors a strategic path for investors to speculate on price movements and hedge against volatility, without needing to own the underlying assets. The choice of a platform is critical, underscoring the necessity for robust security practices, depth in liquidity and adherence to regulatory requirements.

By spotlighting Bybit, MEXC, Binance, Gate.io, and HyperLiquid, we aim to guide traders towards platforms that combine security, regulatory compliance, and operational efficiency. This selection is vital for anyone looking to navigate the crypto futures market effectively, ensuring a secure and informed trading experience.

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