Crypto futures trading involves derivative contracts enabling investors to speculate on the future price of cryptocurrencies without owning the underlying asset. It has gained popularity among crypto traders due to its various benefits. Timing, skill, and the choice of exchange platform are crucial in crypto futures trading. In this article, we’ll explore some of the top crypto futures trading platforms.
Top Crypto Futures Trading Platforms in 2024
When selecting a crypto futures trading platform, it is crucial to consider features like funding rates, trading pairs, trading interfaces, and more. Listed below are the best crypto futures trading exchanges in 2024.
Binance
Binance is one of the best futures trading platforms, offering more than 340 derivative pairs of cryptocurrencies like Bitcoin, Ethereum, Dogecoin, XRP, Cardano, and more. It also offers various future trading options, such as perpetual, quarterly, spot, and others.
It offers futures leverage up to 125x and can handle 100,000 orders per second. Binance has low fees of 0.02% for maker orders and 0.06% for taker orders. The fees can be lowered up to 75% when settling fees with BNB and VIP rewards for trading in high volumes.
Bitget
When compared with established future exchanges, Bitget was a new player, but it quickly rose to the top using well-thought-out strategies. It also offers trading bots, futures, spot, margin trading, and more. Bitget supports more than 550 cryptocurrencies like Ethereum, Bitcoin, and XRP, as well as 230 derivative pairs, and offers future leverage contracts up to 125x.
The platform offers exciting rewards to new crypto traders. It also initiated the KCGI futures trading competition, where investors can participate as a team or individuals and compete using USDT-M and Coin-M futures. Furthermore, Bitget is known for its high liquidity and fast order execution, which happens within 10 milliseconds. Bitget has 0.02% as maker fees and 0.06 as taker fees. It offers VIP perks for traders with more than $10 million in monthly volume.
Bybit
Bybit is also one of the best crypto exchanges for futures trading. It started as an exclusive futures trading platform and later developed into a comprehensive platform with spot trading, margin trading, options trading, and other services.
The platform offers investors the choice to settle their futures contracts in stablecoins like USDC or USDT. Furthermore, Bybit also offers future contracts that are settled with its underlying cryptocurrencies.
Its futures contracts offer up to 100x leverage, 400+ crypto derivative trading pairs, and a delivery contract with a 6-month expiry date. The platform is known for its user-friendliness and rapid order execution. Bybit has a feature called copy trading, which allows investors to copy the trading strategies of other traders. It has a maker fee of 0.02% and a taker fee of 0.055%, and for those who have a VIP card, the fee will be reduced.
MEXC
MEXC is a comprehensive futures trading platform that specializes in perpetual futures trading. It also offers other trading options, such as spot, margin, demo, and more. Unlike other futures trading platforms, MEXC supports a wide range of cryptocurrencieslike Cosmos, Cardano, Avalanche, Ripple, Polygon, etc.
It supports USDT-M and COIN-M perpetual futures and has a leverage of up to 200x. MEXC’s maker fee is 0%, and the taker fee is 0.02%. Furthermore, it has its own native token called MX, which can be used to get a 10% discount on trading fees. The platform has a swift order-matching speed of 1.4 million positions per second and over 400 derivative trading pairs.
BitMEX
BitMEX is one of the oldest crypto futures trading platforms and is renowned for developing perpetual future contracts for Bitcoin. It offers spot trading, perpetual swaps, futures contracts, and more on BTC, Ethereum, and other altcoins. BitMex has its own token called BMEX, which can be used to get discounts on trading fees and rebates.
It provides more than 150 crypto derivative trading pairs, 100x leverage on futures contracts, and a customizable user interface. The platform is also known for its high liquidity and automated trading features. It has a maker fee of -0.015% and a taker fee of 0.02%.
OKX
OKX is one of the best crypto futures trading platforms, offering a comprehensive range of products like futures, perpetual swaps, options, and others. The platform oversees over $10 billion in daily trading volume and has over 640 derivate trading pairs. It supports a wide range of cryptocurrencies, from major cryptos like Bitcoin and Ethereum to smaller currencies like Cardano, Ripple, Dogecoin, and more.
The platform has a native token called OKB and a maximum leverage of 125x for future trading. It has a maker fee of 0.02% and a taker fee of 0.05%. Investors can get discounts based on the number of OKBs they hold, large trading volumes, or both.
Gate.io
Gate.io is a popular futures trading platform with many cryptocurrencies. The platform offers a wide variety of services, such as margin trading, spot trading, option trading, and more. It also offers features like stop loss orders and trailing stops. Investors can mine cryptocurrency without any hardware using Gate.io’s cloud mining services.
The platform has a market fee of 0.015% and a taker fee of 0.05%. It has a ‘Visa’ debit card, which can be used to spend cryptocurrencies securely. Furthermore, the platform is ideal for creating, storing, and exchanging NFTs. Gate.io allows future copy trading, enabling investors to replicate the strategies of best traders and automate them using trading bots.
Kraken
Kraken is known as one of the best crypto futures trading platforms for spot trading. The platform was established in 2011 and remains one of the most trusted platforms by investors. It offers over 200 crypto derivative trading pairs and a maximum leverage of 50x.
Futures, along with other trading options, are available on the Kraken Pro Platform. It supports more than 185 cryptocurrencies, including Dogecoin, Avalanche, Ethereum, and Bitcoin.
KuCoin
KuCoin is a popular crypto futures platform with over one billion dollars in daily trading volume. Launched in 2017, the exchange boasts nearly 25 million users and offers a wide range of services, including margin trading, futures trading, linear and inverse contracts, and more.
The platform supports a wide range of cryptocurrencies, from Bitcoin, Ethereum, and Cardano to meme coins like Bonk, FLOKI, and Pepe. It offers leverage of up to 100x on future contracts and has a maker fee of 0.02% and a taker fee of 0.06%.
Conclusion
The best crypto trading platform for futures trading may vary based on individual preferences and needs. When choosing a platform, it’s essential to consider several factors, including fees, available trading pairs, leverage options, usability, and security. Given the inherently risky and volatile nature of the crypto futures market, traders must exercise caution and be prepared for all possible outcomes.
