6 Best Crypto Derivatives Trading Platforms
In this day and age, there is a multitude of cryptocurrency exchange platforms out there in the crypto space. Crypto traders and investors are almost spoilt for choice. However, this is not exactly the case for individuals who are looking to trade derivatives. The reason for this is simple. It is mainly due to the fact that not all crypto exchanges support derivatives trading due to reasons such as regulatory oversight.
Well, if you are an avid crypto trader and are interested in trading crypto derivatives, then this article is written for you. In this article, we are going to explore the 6 best crypto derivatives trading platforms in 2023 in no particular order. Read on to find out more!
1. Binance
Binance is undoubtedly the world's largest cryptocurrency exchange. It also clinched the top spot when it comes to derivatives trading volume, with an average of almost $80 billion trading volume in a single day. Binance Futures offers a wide selection of crypto derivative instruments (their product lines include USDⓈ-Margined Futures Contracts, Coin-Margined Futures Contracts, Binance Leveraged Tokens, Binance Options) giving investors and traders several options to penetrate the market.
2. Huobi
Huobi Group, which was founded in 2013, is one of the industry's top blockchain firms. It's also worth mentioning that Huobi now provides USDT/USD perpetual swaps with leverage ranging from 1x to 1000x, making it the market leader in USDT derivatives. Furthermore, traders may utilize perpetual swaps with exceptionally high leverage. Huobi Futures provides several leverages, including 1x, 3x, 5x, 20x, 125x, and 1000x. Users can make their own choices based on their preferences.
3. Flipster
Flipster is a fast, secure, and reliable futures cryptocurrency exchange platform that allows users to trade derivatives with confident. Flipster is also backed by Presto Labs, one of the leading liquidity providers for crypto exchanges in the world. With more than 140 tradable assets, every financial instrument listed on Flipster is available for margin trading with a maximum leverage of 50x. Among Flipster’s offerings are tokens not readily found on other futures exchanges and some with low visibility in spot markets. The exchange is also able to handle high volume of transactions and offers a hassle-free experience that is enhanced by its simple and intuitive interface, ensuring ease of use for all users. With a user-friendly design, crypto trading becomes effortless, saving you time and frustration.
4. OKX
OKX is one of the largest crypto spot and derivatives trading exchanges in the globe. OKX provides cryptocurrency traders with a multitude of trading tools and the opportunity to trade on margin. The entire process of trading on OKX is designed to be simple and clear for both novice and experienced traders. OKX provides margin trading, options contracts, and perpetual swaps trading with up to 125x leverage. Their users can also select between "Cross" or "Isolated" as their margin mode.
5. Bybit
Bybit is the fastest-growing cryptocurrency exchange that has more than 6 million existing customers. Users of Bybit can get 100x leverage on Bitcoin and 50x leverage on many other cryptocurrencies. Derivatives trading on Bybit is classified under 4 categories (USDT perpetual, Inverse Perpetual and Futures, USDC perpetual, USDC Options). Bybit even has its own crypto derivatives trading competition that enables its users to receive trading bonuses while trading derivatives with them.
6. Kraken
Kraken offers a range of crypto derivatives products. To start trading, users have to first create a Kraken Futures account. Kraken Futures offers contracts on over 40 different cryptocurrencies and can be traded with leverage of up to 50x. Kraken Futures provides advanced trading features such as stop-loss orders, take-profit orders, and trailing stops. These tools help traders manage risk and automate their trading strategies. Kraken Futures integrates with Kraken's spot trading platform, allowing users to easily transfer funds between their spot and futures accounts.
Explore Flipster
Every cryptocurrency derivatives exchange has its own unique selling point and offers different perks to its users. If you are interested in trading crypto derivatives and are still unsure of which cryptocurrency exchange to use, you may consider using Flipster cryptocurrency exchange. Flipster provides customers with a secure and fictionless trading experience. You can access a range of cryptocurrencies and leverage our user-friendly interface to navigate the crypto market confidently. Founded in 2021, Flipster is a cryptocurrency derivatives trading platform with a mobile-first approach. Through the app, traders can capitalize on opportunities wherever they arise, executing trades anytime, anywhere with unprecedented speed, flexibility, and accessibility. With Flipster, you can trade and transact knowing your transactions will be processed swiftly. Flipster also offers a highly competitive fee structure that benefits traders of all levels, ensuring that you can maximize your profits and minimize costs when performing your trades.
Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.