Best Crypto Derivatives Exchange

1. 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.

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.

‍

2. 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.

‍

3. GMX

GMX is a decentralized derivatives trading that is built on the Arbitrum and Avalanche blockchains. Their platform offers the ability to trade over 30 cryptocurrencies with 20x leverage on their non-custodial DEX with low fees and tight spreads. The GMX exchange is the largest derivatives DEX in DeFi with over $500 million in volume traded on a daily basis.

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

• Perpetual Futures Contracts
• Leveraged Tokens

The fees to trade on GMX 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 GMX review.

‍

4. 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.

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.

5. Phemex

Phemex is a cryptocurrency derivatives exchange that offers a wide range of products that can be traded by users. These products include derivatives 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.

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.

‍

What are Derivatives Exchanges in Crypto?

A derivatives exchange in crypto is a platform where users can trade derivatives contracts that are based on the price of cryptocurrencies. These contracts, such as futures and options, allow traders to speculate on the future price movements of crypto assets without actually owning the underlying asset. Derivatives exchanges provide a way for traders to manage risk and gain exposure to the crypto market in a more flexible and efficient way. Some examples of crypto derivatives exchanges are BitMEX, Binance and Bybit.

‍

Are Derivatives Exchange Safe?

The safety of crypto derivatives exchanges depends on a variety of factors, including the security measures in place to protect user funds, the regulatory environment in which the exchange operates, and the track record and reputation of the exchange. Some crypto derivatives exchanges have been hacked in the past, resulting in the loss of user funds, while others have been found to be operating outside of legal and regulatory guidelines.

It is important to thoroughly research any crypto derivatives exchange before using it to trade, including reading reviews and checking for any news or reports of security breaches or regulatory issues. Additionally, it is recommended to use only exchanges that have been vetted and that provide multiple measures of security for user's assets, such as insurance, cold storage, and security audits.

‍

Final Thoughts

Cryptocurrency derivatives exchanges offer users a way to speculate on the future price movements of digital assets without having to actually own them. These platforms provide a more flexible and efficient way to gain exposure to the crypto market while managing risk, although users should always be sure to thoroughly research any exchange before using it.

Our top pick for investors is Bybit because it offers a safe, secure platform on which to trade with low trading fees and access to significant leverage. Bybit also supports multiple assets and is backed by an experienced team of professionals.