Currently, people are moved towards futures trading for its high reward activity, however choosing the best Bitcoin exchange for futures trading remains to be a hustle. In comparison to spot trading, futures trading is getting more attention and fame in user communities. Therefore, every exchange on the market is now introducing futures trading options but not all of these exchanges are credible and reliable.
Here is a list of market’s leading Bitcoin exchanges that offer futures trading options, best-in-class liquidity, an interactive user interface, and faster transactions.
Top Bitcoin Exchanges for Futures Trading
Bybit is a best Bitcoin exchange that was launched in 2018. It is a Singapore-based global crypto futures exchange, known for boosting retail participation across futures market. This derivatives exchange is growing and evolving on a fast-pace and trusted by more than 1.6 million users around the globe.
Bybit is one of the few exchanges that allows traders to trade in three distinct futures markets including Inverse Perpetual Futures (ETHUSD, BTCUSD, EOSUSD, XRPUSD), Linear Perpetual Contracts (ETHUSDT, BTCUSDT, LINKUSDT, BCHLINK, LTCUSDT, XTZUSDT, DOTUSDT, ADAUSDT, UNIUSDT), and Inverse Futures Contract (BTCUSD quarterly).
On this exchange user can avail maximum leverage of 100X on BTCUSDT and BTCUSD contracts and 50X on other perpetual futures contracts.
Bybit is a highly efficient and powerful trading platform, best suited for high-frequency trades across the futures market. The platform has a competitive fee structure and charges a taker fee of 0.075%. Additionally, it offers makers a rebate of 0.025% for adding liquidity to the market.
PrimeXBT is another award-winning Bitcoin exchange for futures trading. It trusted worldwide for its high-end security and trading infrastructure. This platform was first introduced in 2018, despite being new contender in the crypto sphere PrimeXBT has achieved quite a reputation for facilitating its users with compelling and unique trading options.
Users can margin trade five different crypto assets such as ETH, BTC, LTC, XRP, and EOS, with up to 100X leverage. However, the minimum order size on PrimeXBT is 0.001BTC.
The order execution speed on this platform is less than 7.12 ms which is admired by a huge community of advanced traders. Moreover, the Prime XBT Covesting allows people to copy trades of other advanced user. This means people can enjoy same rewards as the people they copy trades from. It is a huge opportunity for people who are new to the trading world, and they can earn while sleeping. This Bitcoin exchange comprises of a flat fee structure and charges 0.05% on all kinds of trades.
Another leading exchange in the derivatives or futures market is FTX. It is recognized for its wide selection of futures trading features and options. This exchange was established in 2019, incubated by an institution known as Alameda Research, one of the best global liquidity providers. Moreover, this Bitcoin exchange is also backed by other giants like Bitfinex, Binance, Circle, FGB Capital, etc. FTX allows user to trade within 150 perpetual futures contracts, BTC option, leverage tokens, proprietary MOVE contracts along with a leverage of 101X.
Other specifications of this exchange include settlement of futures contracts in USD, flexible collateral, subaccounts, cross-margin, and a vigorous risk management infrastructure.
Just like other futures trading platforms, FTX also has a fee structure based on the previous 30-day trading volume. This fee structure is further divided into six levels. Maker fee on the first level is 0.02%, and the taker fee is 0.07%.
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Binance is one of the widely recommended Bitcoin exchanges for traders, it allows users to tap into both spot and futures market. This platform has set benchmarks for other crypto exchanges by offering one-of-a-kind trading options, deep liquidity, fast transaction speed, and leverage.
In 2020, Binance first introduced its derivatives or futures trading option. In a very short time, this exchange has blossomed into a highly advanced crypto derivatives platform. Binance has gross daily trading volume of more than $60 billion.
The futures account Binance has become the first choice of both individual or institutional investors. As they don’t have to look for some other exchange in order to pursue futures market. On Binance, users can trade in USDT-margined quarterly and perpetual futures, BTC options, COIN-M (token margined with or without expiry futures contract), and other leveraged tokens. Users can avail maximum leverage of up to 125X for margin trading.
Summing it up, all the above listed Bitcoin exchanges are credible and safe for futures trading, However, before taping into derivatives medium of trading you must acquire advanced trading skills and knowledge because futures trading is a high-risk activity. Therefore, conduct thorough reach and attain some experience before investing for margin or futures trading.