Choosing a cryptocurrency exchange for trading bitcoin futures

bitcoin futures options birzh choice for tradingTrading in futures for bitcoin and other cryptocurrencies or tokens is rapidly gaining popularity all over the world and the growth in the turnover of trading in various cryptocurrency derivatives is growing by 200% - 300% almost every month. This is primarily due to the entry into this market of classic cryptocurrency exchanges, which previously offered only spot trading (trading the asset itself, and not its derivatives), which is why the cryptocurrency derivatives market (including futures) became available not only to professional traders, using platforms CME, CBOE, BAKKT, but also simple cryptocurrency enthusiasts, miners and investors with a minimum entry threshold. Against the background of user interest in cryptocurrency derivatives, almost all cryptocurrency exchanges began to implement the necessary functionality for trading bitcoin futures and other derivatives, which again can significantly complicate the choice of a trading platform for beginners and experienced traders. Next, we will look at 14 different cryptocurrency exchanges with support for derivatives, compare them in terms of trading volume, types of futures, the number of pairs traded, margin and commissions. This will allow you to choose a trading platform much faster to suit your requirements.

Trading platforms with support for cryptocurrency futures and options.

Market

Volume

trade*

P2P

 

Types of

futures

Maker Fee

Taker Fee

(max-min)

Min.

contract

Leverage

Type

Margin

Trading pairs

Mobile APP

API,

KYC,

Year

Binance

Promo code:

feediscount10

(10% discount on commission)

3.826M USD No Perpetual

 0,02%-0%

0,04-0,015%

 0,001BTC 

 0,001ETH

 

125x

 

Isolate, 

Cross

 

53 pairs, including

BTC/USDT 

ETH/USDT

 iOS

Android

Yes

Not required

2017

Quarterly

0,015%-(-)0,009%

0,04%-0,024%

100 USD

125x

 

BTC/USD, ETH/USD

LINK/USD, ADA/USD

BitMex 2.121M USD  Yes Perpetual

 (-)0,025%

0,075%

 1 USD  100x  

Isolate, 

Cross

BTC/USD, BCH/USD

ETH/USD, LTC/USD

XRP/USD

 iOS

Android

Yes

Required

2014

 

Weekly

Quarterly

Bi-Quarterly

(-)0,025%

0,075%

1 USD 100x

BTC/USD, BCH/USD

ADA/USD, EOS/USD

ETH/USD, LTC/USD

XRP/USD, TRX/USD

Quanto

(-)0,025%

0,075%

  50x ETH/BTC
Huobi Global 1.446M USD 

No

Perpetual

0,02%-(-)0,01%

0,05%-0,037%

 100 USD  125x  Cross  

55 pairs, including

BTC/USD, BCH/USD

ADA/USD, EOS/USD

ETH/USD, LTC/USD

XRP/USD, TRX/USD

 

 iOS

Android

Yes

Required

2013

Weekly,

Bi-Weekly

Quarterly,

Bi-Quarterly

 

0,02%-(-)0,005%

0,04%-0,02%

100 USD 125x  

BTC/USD, BCH/USD

BSV/USD, ETC/USD

ADA/USD, EOS/USD

ETH/USD, LTC/USD

XRP/USD, TRX/USD

LINK/USD

Options

0,002 USDT/cont

0,005 USDT/cont

0,001 BTC   100% BTC/USD
ByBit  1.016M USD   No

Perpetual

 

(-)0,025%

0,075%

 1 USD  100x  

Isolate, 

Cross

 

 BTC/USDT

 

iOS

Android

Yes

Not required

2018

Inversion

perpetual

 

(-)0,025%

0,075%

 1 USD  100x

 BTC/USD ETH/USD

EOS/USD XRP/USD

OKEX  618M USD  No

Weekly

Bi-Weekly

Quarterly

Bi-Quarterly

 0,02%-(-)0,01%

0,05%-0,02%

 0,0001 BTC  125x  

Isolate, 

Cross

 

BTC/USDT,LTC/USDT

ETH/USDT, ETC/USDT,

XRP/USDT, EOS/USDT

BCH/USDT, BSV/USDT

TRX/USDT, LINK/USDT

 iOS

Android

Yes

Not required

2014

Perpetual

 0,02%-(-)0,015%

0,05%-0,03%

 0,01 BTC  125x

30 pairs, including

BTC/USD, ETH/USD

LTC/USD, ETC/USD

XRP/USD, BCH/USD

EOS/USD, TRX/USD

Options

0,02%-(-)0,01%

0,05%-0,025%

 10 USD    100%

 BTC/USD, ETH/USD

EOS/USD

FTX  520M USD  No

Weekly

Quarterly

Bi-Quarterly

 0% (в 2020 году)

0,07%-0,025%

 0,01 BTC  101x  Cross

65 pairs, including

BTC/USD, ETH/USD

USDT/USD, BNB/USD

XRP/USD, EOS/USD

 

iOS

Android

Yes

Not required

2019

Options 0,07%-0,025%      100%  BTC/USD

Phemex

Promo code: 

FVVDP

(10% discount

off commission

+7 days Premium)

 

 435M USD  No Perpetual

(-)0,025% 

0,075%

 

 1 USD  100x  Cross

 BTC/USD, ETH/USD

XRP/USD, LINL/USD,

XTZ/USD, GOLD/USD

BCH/USD, ADA/USD

YFI/USD, DOT/USD

ADA/USD, COMP/USD

 

iOS

Android

Yes

Not required

2019

ZBG  324M USD  No Perpetual

 0,2%-0%

0,2%-0,04%

 0,01BTC  100x  

Isolate, 

Cross

 BTC/USD, ETH/USD

LTC/USD, EOS/USD

XRP/USD, BCH/USD

ETC/USD, BCV/USD

 

iOS

Android

Yes

Not required

2018

Inversion

perpetual

 

 0,2%-0%

0,2%-0,02%

1 USD 100X BTC/USD, ETH/USD
Deribit  184M USD  No Perpetual

 (-)0.025%

0,075%

 10 USD  100x  Cross  BTC/USD, ETH/USD  

iOS

Android

Yes

Required

2016

Weekly

Quarterly

Bi-Quarterly

 (-)0.025%

0,075%

10 USD 100x

Options

0,04%      
Kraken   60M USD  No

Perpetual

Monthly

Quarterly

 (-)0,02

0,075%

 1 USD  50x  Cross

 BTC/USD, ETH/USD

LTC/USD, BCH/USD

XRP/USD

 

iOS

Android

Yes

Required

2011

BTSE    57M USD   No

Perpetual

 

 (-)0,01%-(-)0,0175

0,06%-0,028%

 
 0,001 BTC  100x  Cross 

 BTC/USD, ETH/USD

LTC/USD, USDT/USD

LINK/USD, XTZ/USD

XAUT/USD, XAUD/USD

 No

Yes

Not required

2018

Weekly

Quarterly

  0,001 BTC  100x

 BTC/USD, ETH/USD

LTC/USD, XMR/USD,

BBCX/USD, BBAX/USD

BaseFex   46M USD  No Perpetual

0,02%-0,005%

0,06%-0,03%

 0,001 BTC  100x  Cross  BTC/USD, BTC/USDT

iOS

Android

Yes

No KYC

2018

dYdX   1M USD  Yes Perpetual

 (-)0,025%

0,075%

 

 

 10x  

Isolate, 

Cross

BTC/USD, ETH/USD, 

LINK/USD ETH/DAI

ETH/USDC, DAI/USDC

 No

Yes

No KYC

2019

BitFinex  0,5M USD  No Perpetual

(-)0,02%-(-)0,03%

0,075%-0,0625%

 0,01BTC  100x  Cross

 BTC/USDT, ETH/USDT

XAUT/USDT, AMPL/USDT

EUR/USDT, GBP/USDT

JPY/USDT 

 

iOS

Android

Yes

Required

2012

* Data on the trading volume for 09/01/2020

In addition to the considered cryptocurrency trading platforms, there are also classic futures markets where cryptocurrency futures trading is also possible: CME, CBOE, BAKKT. Only licensed traders have access to such sites, so we did not include them in our list. Moreover, the trading volume for the only available BTC / USD pair on them does not exceed 350,000,000 USD (CME), which is 10 times lower than on the Binance cryptocurrency exchange.

TOP cryptocurrency exchanges with support for Derivatives are ranked by trading volumes in the futures market, where the undisputed leader is Binance, which is also the leader in spot trading of cryptocurrencies. If in spot trading and other cryptocurrency services Binance is unconditionally the leader, then in futures trading this exchange has not the most favorable conditions and opportunities. Binance has some of the highest trading commissions, the types of futures are limited only to perpetual and quarterly, with quarterly futures currently only 4 pairs available for trading.

The second most popular exchange BitMex, in addition to perpetual and quarterly futures, also has weekly, two-quarter and Quanto. But the set of traded pairs is not the largest from the list presented. It should also be noted that for trading, it is necessary to pass identity verification, despite the fact that the exchange is P2P.

Huobi Global ranks 3rd in terms of trading volume, which, in addition to term and perpetual futures, also offers options. Among the advantages, one should also note a large selection of traded pairs and profitable commissions. On the negative side, trading requires mandatory verification.

The FTX exchange excelled in the maximum number of futures traded pairs, offering a total of 65 trading pairs. Another advantage of this marketplace is 0% (Maker) commission until the end of 2020.

If you are a supporter of anonymous trading, then you should pay attention to the BaseFex and dYdX exchanges - anonymous cryptocurrency trading is one of the basic principles of this exchange. Although most other companies declare the possibility of trading without going through KYC, but all the same, you will most likely face certain restrictions on the functionality and volume of input/output.