827
views

6 Best Platforms for Trading Crypto Futures in 2020

Crypto futures are derivative products in the form of a contract. Two parties commit to either sell or buy a cryptocurrency on a certain date in the future at a predetermined price. In essence, Crypto futures allow traders to speculate on the future magnitude and price of an Asset.

The trading volume of crypto futures has grown rapidly since launching the first Bitcoin futures contract in 2017 by the Chicago Board Options Exchange (Cboe). According to a recent Bloomberg Report, “Futures daily volume exceeds that of the Bitcoin spot market.” Below are some of the top exchanges facilitating this rapid adoption.

BitMex

BitMex is the biggest and the most popular crypto futures trading platform in the market. It was launched in November 2014 by Seychelles-based HBR Global Trading limited. The exchange has offices worldwide except in several countries, including the USA, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan.

BitMex uses a kdb+ database known for its effectiveness in high-frequency trading. Fees are 0.25% markers fee and 0.75 % takers fee for every trade. Customers can trade with up to x100 leverage. The platform has massive trading volumes (mostly over $2 Billion per 24 hour period). Other unique features of BitMex include a demo platform, liquidity, and excellent security.

OKEx

OKEx is one of the largest crypto futures trading exchanges with over $1.5 Billion in daily trading volume. The Malta-based exchange operates in more than 100 countries serving over 20 million customers. OKEx offers Crypto-to-crypto, fiat-to-fiat, and crypto-to-fiat trading pairs. Also, a token’s future market is settled in that token rather than in bitcoin.

For investors looking to venture into non-bitcoin crypto futures, OKEx is the best deal. It’s also among the top for bitcoin futures. The platform charges a 0.02% maker fee and a 0.05% taker fee. The fee applies for futures and perpetual swaps in nine supported cryptocurrencies: BTC, ETH, TRX, and XPR.

Deribit

“Deribit” comes from two words; Derivatives and Bitcoin. Deribit was founded in 2016 in Amsterdam. The platform is bitcoin’s first and largest options trading exchange, with an excellent bitcoin futures offering. As the name suggests, all transactions within Deribit are purely in bitcoin. 

The platform offers perpetual futures, traditional futures, and options for both Bitcoin and Ethereum. The withdrawal fee range from 0.0002 to 0.0015. Futures attract a Maker Fee of -0.02% (Rebate) and Taker Fee of 0.05%. Deribit futures products are tradeable with 50-100x leverage. It has over $134 Million daily trading volume.

eToro

eToro is a Fintech company based in Israeli. It is an award-winning social trading platform established in 2007. eToro stands out as the oldest platform for investing in stocks and crypto-assets. The platform offers an easy to use interface and a demo account.

eToro charges a withdrawal fee of $5. Other eToro features include a mobile-enabled platform, a $25 minimum trade value, and a copy trading feature. The platform supports 15 coins with BTC, ETH, XRP, DASH, and LTC.

Binance

Binance is the most popular exchange in the industry. It stands out as the world’s biggest Bitcoin Exchange and the most liquid spot exchange. It was established in 2017 by crypto innovators Changpeng Zhao and Yi He.

Binance recently added futures products to its platform and is currently offering 11 perpetual futures. Despite being new, the BTC/USDT futures are topping with over $2.5 Billion 24 hour trading volume.

Besides futures, Binance offers other products and services, including staking, lending, and spot exchange. Binance perpetual Futures fees start at 0.02% (makers) to 0.04% (takers).

KuCoin

Launched in 2017, Kucoin is a Singapore-based global cryptocurrency trading platform. Kucoin, also known as “The People’s Exchange” for its user-centered features, offers one of the most competitive fees in the market (0.1% flat fee) and a 0.0005 withdrawal fee. The exchange is currently boasting over $48 million daily futures trading. Kucoin supports futures trading for Ethereum and Bitcoin.

Conclusion

Trading crypto futures comes with many benefits compared to regular trading. Futures not only attract a low fee but also allows leverage trading. Futures are also extremely liquid compared to digital assets, thus reducing the risks involved in trading volatile cryptocurrencies. A cryptocurrency exchange links the investor with these and other benefits.

Bitcoin live price
Btc
Bitcoin
$23.507
price
1.15412%
price change
BUY NOW

Crypto futures trading has grown rapidly in a short period. There are currently dozens of crypto exchanges offering futures trading, with each having unique features. This article filters through the huge list to bring you 6 of the best platforms for trading crypto futures based on pricing, trading volume, and unique features.

Stay up to date with our latest articles

More posts

Real Yield: The Top DeFi Tokens for Generating Actual Revenue

This year’s brutal bear market has claimed a sizable batch of crypto startups and nascent coins. To weather the volatility, the long-term believers in decentralized finance (DeFi) are in search of one thing: “Real Yield.” The term has grown in popularity among those looking for hidden gems in the market for decentralized finance applications. More importantly, it marks an appetite for responsible crypto investment opportunities that can outlast a turbulent market cycle.  So what exactly is “real yield” in the…

Get Top Notch Smart Contract Audit and KYC Services for your Crypto Project with Solidproof

Solidproof is one of the top auditors in the crypto industry with an increasing offer of smart contract auditing, KYC, and marketing services. The German company has developed quickly since its inception in 2021, building a vast portfolio of prestigious and successful clients. The DeFi space is a nourishing environment for crypto and decentralized finance projects. However, it is also a breeding ground for scammers, multi-million hacks, fraud, and money laundering. Protocols running on faulty codes risk exposure to cybercriminal…

What Is an Iceberg Order in Crypto?

Iceberg orders allow traders to buy or sell a large quantity of cryptocurrency without tipping off the market. By splitting their orders into smaller chunks, traders can execute their trades without causing undue price movement.  This guide will explain what iceberg orders are and how to use them in your trading strategy. What Is an Iceberg Order in Crypto Trading? An iceberg order lets traders buy or sell a large number of assets without revealing their intentions to the market.…

Ultimate Beginner Guide to Bitcoin Improvement Proposals (BIPs)

Bitcoin Improvement Proposals (BIPs) are essential tools in the crypto community. They allow the Bitcoin community to propose and vote on changes to the Bitcoin Core software.  BIPs can also work for other wallets/services and have a process for development and implementation. This guide will explore what BIPs are, how they work, and some of their benefits and risks. What are Bitcoin Improvement Proposals (BIPs)? Bitcoin Improvement Proposals (BIPs) are proposals for changes to the Bitcoin protocol. Anyone can submit…

A Beginner’s Guide to Identifying and Avoiding a Crypto Bull Trap

Cryptocurrencies are a relatively new and exciting investment opportunity but are also highly volatile. Prices can swing rapidly, and it is easy to get caught up in the excitement of trading. However, the hype may arise without understanding the risks involved. This guide provides basic information on identifying and avoiding a crypto bull trap to safely invest in this exciting market. How to Identify a Crypto Bull Trap Crypto investors are always on the lookout for signs of a bull…

Why Do Some Crypto Projects Issue More than One Token?

In recent years, the popularity of cryptocurrency has exploded. As a result, more and more people are looking to invest in crypto projects. However, not all projects are equal, and it can be challenging to determine which ones are worth investing in. This guide aims to help investors make informed decisions about which crypto projects to invest in. It will explain multi-token models and why they have become so popular among crypto projects.  The guide will also outline the benefits…

Are Hardware Wallets Safer than Online Ones?

An online wallet is a software program that stores cryptographic keys. This technology allows users to make digital payments and secure their online presence. Over the last years, many users have started to trust hardware solutions to store their coins. In this guide, we will explore the pros and cons of using these two wallets. In particular, we will focus on a matter that is vital for crypto enthusiasts: the security of their funds. What Is an Online Crypto Wallet?…

Tips for Trading in a Volatile Crypto Market

Cryptocurrencies are a new and exciting investment opportunity but can also be highly volatile. This guide aims to teach you how to trade in a volatile crypto market to increase your success probability.  We will cover everything from identifying a volatile crypto market to managing risk when trading volatility. So whether you are a seasoned trader or just starting, this guide has something for you. Why Is the Crypto Market so Volatile? The crypto market is volatile because it is…

How to Spot a Crypto Project with Great Tokenomics?

In the cryptocurrency world, there are a lot of projects with amazing tokenomics. However, it can be challenging to determine which projects are worth investing in.  This guide will help you spot a project with great tokenomics. In this way, you can make a great decision about where to invest your money.  Before analyzing the technical components of tokenomics, there are other red flags you should be able to spot. Our guide will begin with this premise and then move…

A Guide to the Signs that a Crypto Project is About to Fail

Cryptocurrencies are digital assets and a payment system invented by Satoshi Nakamoto. They use cryptography to secure their transactions and control new units' creation. Cryptocurrencies are decentralized, not subject to government or financial institution control. Bitcoin, the first cryptocurrency, appeared in 2009. With the rise in popularity of cryptocurrencies, there has also been an increase in crypto projects that end up failing.  This guide will explore the signs that a crypto project will fail. By understanding these signs, you can…