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Best Crypto Derivatives Exchange

Best Crypto Derivatives Exchange

Adrian Graham
Fact Checked
Oct 2, 2022

Cryptocurrency derivatives exchanges offer a wide range of leveraged products and services that can be traded by users. These products can include futures contracts, options, and other financial instruments that are derivatives based on digital assets.

The 5 best platforms to trade cryptocurrency derivatives are:

  1. Bybit - Best Overall Derivatives Platform
  2. Binance - Best for Options Derivatives
  3. FTX - Best for Volatility Contracts
  4. Okex - Best for Coin Margined Contracts
  5. Phemex - Best for 125x Leverage

Table of Contents

Best Derivatives Exchange - Bybit

Platform Highlights

  • Trade over 140 Crypto assets with Derivatives Futures and Options Contracts.
  • Lowest starting fees at 0.06% Taker rate and 0.01% Maker rate.
  • No KYC or identity verification required to trade on the platform.
Join Bybit and receive an extra 5% off trading fees.

Bybit

Bybit is the world's largest and most popular no-KYC derivatives trading platform. Their exchange offers deep liquidity on futures contracts, options trading, margin trading and other sophisticated derivatives products. One of the key advantages of Bybit is that you can sign up instantly with no identity verification required.

Bybit Derivatives

Their most popular derivatives trading products include:

  • USDT Collateralized Perpetual Contracts
  • USDC Collateralized Perpetual Contracts
  • USDC Collateralized Options Contracts
  • Inverse Contracts Collateralized by any token
  • 180+ trading pairs

The fees to trade on Bybit are the most competitive compared to alternative centralized and decentralized derivatives trading platforms. The Taker Fee rate is 0.06% and the Maker Fee Rate starts at 0.01% and goes down to 0% based on volume traded. Find more information in our Bybit review.

Binance

Binance is another one of the most popular cryptocurrency exchanges in the world. Its platform is widely regarded for its array of crypto derivatives products through its centralized and decentralized exchanges.  Binance's primary focus is on spot trading but its derivatives products has seen significant growth since its launch in September 2019.

The main types of cryptocurrency derivatives products include:

  • USDT Collateralized Perpetual Contracts
  • BUSD Collateralized Perpetual Contracts
  • BUSD Collateralized Crypto Options
  • Coin Margined Contracts
  • Liquidity Provision (LP) via Binance DEX

Binance offers a 0.02% Taker Fee and a 0.01%-0.03% Maker Fee, with these rates declining based on your 30-day trading volume. For more information, check out our Binance review.

FTX

FTX is a cryptocurrency derivatives exchange built by professional traders, for professional traders. Their platform offers a wide range of perpetual contracts, options and other financial instruments that are all derivative products based on digital assets.

FTX Exchange

The main types of cryptocurrency derivatives products offered by FTX include:

  • Perpetual Contracts
  • Quanto Contracts
  • Inverse Contracts
  • Options Contracts
  • MOVE (volatility) Contracts
  • Leveraged Tokens

The fees to trade on FTX are very competitive compared to other cryptocurrency derivatives exchanges. The Taker Fee is 0.02% and the Maker Fee starts at 0.01% and goes down to 0% based on volume traded. You can find more information in our FTX review.

Okex

Okex is a world-leading cryptocurrency derivatives exchange with a wide range of products that can be traded by users. These products include perpetual contracts, options, and other financial instruments that are all derivative products based on digital assets. Okex also offers a margin trading service for users to trade with leverage.

Okex Futures

The main types of cryptocurrency derivatives products offered by Okex include:

  • Perpetual Contracts
  • Quarterly Contracts
  • Options Contracts
  • Inverse Contracts
  • Leveraged Tokens

The fees to trade on Okex are reasonably priced with the Taker Fee starting at 0.02% and the Maker Fee starting at 0.01% and going down to 0% based on the volume traded. You can find more information in our Okex review.


Phemex

Phemex is a cryptocurrency derivatives exchange that offers a wide range of products that can be traded by users. These products include futures contracts, options, and other financial instruments that are all derivative products based on digital assets. Phemex also offers a margin trading service for users to trade with leverage.

Phemex

The main types of cryptocurrency derivatives products offered by Phemex include:

  • Perpetual Contracts
  • Spot Trading
  • Options Contracts
  • Inverse Contracts
  • Leveraged Tokens

The fees to trade on Phemex are very competitive compared to other cryptocurrency derivatives exchanges. The Taker Fee is 0.02% and the Maker Fee starts at 0.01% and goes down to 0% based on the volume traded. You can find more information in our Phemex review.

Frequently Asked Questions

Why should I trade Crypto Derivatives?

Cryptocurrency derivatives offer a number of benefits to traders including the ability to trade on leverage, the ability to short sell, and the ability to hedge your position. These products can also be traded on margin, which allows you to trade with leverage.

What are the risks of trading Derivatives contracts?

The main risk of trading cryptocurrency derivatives is the potential for loss due to the leverage that is available to traders. It is important to always trade within your risk tolerance and never trade more than you can afford to lose.

What are the fees to trade Cryptocurrency Derivatives?

The fees to trade cryptocurrency derivatives vary from exchange to exchange but are generally very reasonable. The Taker Fee is usually 0.02% and the Maker Fee is usually 0.01%-0.03%.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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