8 Best Crypto Derivatives Exchanges and Trading Platforms

In this guide, we list the top 8 best crypto derivatives exchanges and trading platforms. Our team of crypto review professionals consists of Gary, Thomas, and Linda who together have over 25 years of experience when it comes to crypto technology.

Out of 40 reviewed crypto derivatives exchanges, only 8 made it to the top thanks to great user interfaces, contract selection, fee structure, charting programs, security, and overall positive user reviews.

Best crypto derivatives exchange list

BYDFi - Best crypto derivatives exchange overall (Accepts US traders)
Bybit - Best for options
Binance - Best for altcoins
Phemex - Good alternative
Gate.io - Best for callable contracts
MEXC - Lowest futures maker fee
BingX - Good for copy trading
Margex - Demo futures account

(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.)

Key takeaways

Out of 40 crypto derivatives exchanges, BYDFi emerges as the standout choice. Its wide range of crypto derivatives contracts and user-friendly features make it the best pick.
BYDFi has an easy-to-use interface that suits both beginners and experienced traders. Other top crypto derivatives platforms include Binance, Bybit, and Phemex for their diverse crypto derivatives contracts, trading fees, security, and positive customer reviews.
Our team of crypto experts evaluation and their assessment solidifies BYDFi's position as the premier crypto derivatives exchange, providing traders with a reliable platform for their trading needs.

What is the best crypto derivatives exchange and trading platform?

During the review period of these exchanges, our team has looked at many different factors, with priority to:

Derivatives contracts
Leverage ratios
Contract fees
Security
Payment methods
Customer support
Exchange reviews
Trading interface

1. BYDFi - Best crypto derivatives exchange overall

BYDFi rating 4.9/5

Best crypto derivatives exchange overall: BYDFi review

BYDFi stands out as the best crypto derivatives exchange and trading platform for several compelling reasons. In terms of crypto derivatives contracts, Bityard offers a wide variety, including perpetual contracts for popular cryptocurrencies like BTC/USDT, ETH/USDT, and more. These contracts enable traders to profit from price movements without owning the underlying asset.

For fiat-to-crypto payments, Bityard supports convenient payment methods like bank transfers, credit/debit cards, and even PayPal, ensuring easy accessibility for users.

In terms of fees, Bityard offers competitive rates, with trading fees as low as 0.02%.

Key features include a demo trading mode for beginners, a strong security infrastructure, and a responsive customer support team.

Gary conducted the review of BYDFi and he reports that on average, her paid 18% less trading fees on BYDFi compared to the other platforms in this list that offers perpetual contracts. He deposited $800 and took a total of 55 trades with 1:25 leverage which resulted in a total position size of $20,000. On average, he paid $4 per trade which was $0,72 cheaper than the competitors. He spent a total of $220 in trading fees on BYDFi while on Bybit he paid $259,60.

Withdrawal limits are generous, with a maximum daily limit of $100,000 for verified users.

Bityard hosts a wide range of altcoins, with over 40 assets available for trading beyond the mainstream choices.

The KYC process is straightforward, ensuring regulatory compliance while maintaining user privacy.

To get started, simply sign up on the Bityard platform, complete the KYC process, and begin trading within minutes. Bityard's comprehensive offerings and user-focused approach make it the top choice for crypto derivatives trading.

BYDFi pros and cons

Pros

Lowest fees
Available in the USA
High liquidity
Very low slippage
Ultra-fast order matching engine
Advanced charting tools

Cons

Limited social features
Limited trade automation
Limited fiat withdrawal options
No DeFi options

Why we like it

The platform's derivatives trading interface boasts a user-friendly design, with advanced technical tools like limit orders, leverage up to 200x, and a robust risk management system.

Customer satisfaction ratings for Bityard consistently exceed 4.5 stars, reflecting its reliability and user-friendly experience.

BYDFi features

Cross-margin products
Mobile trading app
Perpetual contracts
Two-factor authentication
FinCEN regulated
Guaranteed stop-loss
Advanced prder types (trailing stops)
Reduced slippage
Rapid customer support

Sign up with BYDFi>>

2. Bybit - Best options derivatives exchange

Bybit rating 4.8/5

Best derivatives platform for options: Bybit review

Bybit stands out as a top crypto derivatives exchange and trading platform for options trading, offering a comprehensive range of features that set it apart.

Bybit offers a variety of crypto derivatives contracts, including BTCUSD Options, ETHUSD Options, and LINKUSD Options. These contracts enable traders to hedge their positions and capitalize on market movements with precision.

You can deposit fiat money on Bybit through some of the most popular payment methods such as bank transfers, credit cards, debit cards, and many other minor deposit options.

Bybit offers competitive trading fees, with a taker fee of 0.075% and a maker rebate of -0.025%.

Bybit provides traders with features like cross-margin, advanced order types, and a robust API for algorithmic trading.

Bybit allows users to withdraw up to 100 BTC per day, ensuring liquidity for traders.

Bybit supports a wide range of altcoins, including ADA, DOT, and SOL, in addition to major cryptocurrencies.

Thomas did the review of Bybit and took an extra look at the derivatives contracts offered. In the USDT Perpetual contract he found many rare altcoin contracts such as XLM/USDT, VET/USDT, ENS/USDT, and ALICE/USDT. These are derivatives contracts with leverage and Thomas reported that these contracts were not seen on the other platforms listed in this article.

The KYC process on Bybit is straightforward, ensuring security and compliance. To get started, simply sign up, complete the KYC verification, and fund your account to start trading options seamlessly.

Bybit pros and cons

Pros

Mobile App
Options Trading
Fiat Deposit
High Leverage
Risk Management Tools

Cons

No Fiat Withdrawal
Limited Promotions
No Lending
US Restrictions

Why we like it

Bybit's user-friendly interface is equipped with advanced tools like a risk limit calculator, implied volatility display, and real-time analytics, empowering traders to make informed decisions.

With a Trustpilot rating of 4.5/5 based on user reviews, Bybit consistently receives high marks for its reliability and customer support.

Bybit features

Liquidation protection
Cross-collateralization
Referral program
Price alerts
Insurance fund
24/7 support
Smart trading engine
Price indexes

Sign up with Bybit>>

3. Binance - Best altcoin derivatives trading platform

Binance rating 4.7/5

Best altcoin derivatives trading platform: Binance review

Binance stands out as the premier crypto derivatives exchange and trading platform for altcoin enthusiasts for several compelling reasons.

Binance offers a wide array of altcoin derivatives contracts, including perpetual futures for popular altcoins like ADAUSDT and DOTUSDT. For example, ADAUSDT perpetual futures enable traders to speculate on Cardano's price movements with up to 125x leverage.

You can deposit fiat money on Binance through many different fiat gateways including credit cards, debit cards, and of course bank transfers. Notable methods include Visa, MasterCard, and SEPA bank transfers.

Linda conducted the review of Binance and tested the SEPA bank transfers payment method to see how long it would take to make a deposit through her bank account. Situated in Spain and using the BBVA bank, she made a deposit of €600 on a Tuesday and the money landed in her account on Thursday. She reports that she didn’t pay any fee for making the transfer. However, when she used her Mastercard and deposited another €300 she paid a 2.99% transfer fee which resulted in a total fee of €8,97.

Binance's user-friendly interface is equipped with advanced charting tools like TradingView integration and customizable trading strategies with Binance Trading API. Real-time order book data and a user-friendly mobile app ensure optimal trading experiences.

Binance consistently ranks highly in user satisfaction, with a Trustpilot rating of 4.6/5, reflecting its commitment to customer service.

Binance offers competitive trading fees, with a standard trading fee of 0.1%, which can be further reduced with Binance Coin (BNB) holdings.

Binance boasts features like staking, spot trading, savings, and the Launchpad for new altcoin projects.

Withdrawal limits vary based on your verification level, with Level 2 allowing up to 100 BTC per day.

Binance offers over 200 altcoins beyond the mainstream ones, including Chainlink (LINK), Polkadot (DOT), and Cardano (ADA).

To get started, sign up with basic information, complete identity verification (KYC) for enhanced security, and you're ready to explore the world of altcoin trading on Binance.

Binance pros and cons

Pros

High altcoin selection
Leverage up to 125x
Trustworthy reputation
Staking
Fiat gateways
Advanced order types

Cons

Unregulated
Complex fee structure
High withdrawal fees for some tokens

Why we like it

Something that we like about Binance is the range of crypto derivatives contracts. On top of the standard futures contracts and perpetual contracts which offers leverage, Binance also offers options such as BTCUSD Quarterly 0924 and ETHUSD Perpetual 0924, ensuring traders can explore various altcoin markets with increased buying power.

Binance features

Staking rewards
Asset savings
P2p trading
Multi-device support
API documentation
Technical analysis
Social trading
Order book depth

Sign up with Binance>>

4. Phemex - Best alternative derivatives trading platform

Phemex rating 4.7/5

Best alternative crypto derivatives exchange: Phemex review

Phemex stands out as the best alternative crypto derivatives trading platform for a range of compelling reasons.

When it comes to crypto derivatives contracts, Phemex offers a diverse selection, including perpetual contracts for major cryptocurrencies like Bitcoin (BTC/USD), Ethereum (ETH/USD), and popular altcoins such as Chainlink (LINK/USD). These contracts are known for their liquidity, providing traders with ample opportunities for profit.

Phemex also shines in terms of fiat-to-crypto payment methods. Users can conveniently deposit funds through bank transfers and credit card payments, making it easy to enter the crypto market.

The platform's trading interface is highly user-friendly and comes equipped with advanced tools such as limit and market orders, as well as technical indicators like moving averages and RSI for precise analysis.

Gary reviewed the Phemex platform and he reported on the trading tools available on the exchange and said that the cross-margin and isolated-margin option was a very good protection against volatility. He ised the isolated-margin to trade the COIN-M Perpetual contract with a total value of $80. His account size was worth a total of $750. On purpose he opened the position without any risk management tools such as a stop loss only to see how the position would react in case it got liquidated. When the position got liquidated through the isolated-margin mode, he reports that his other funds were not affected. This saved him roughly $670 minus the fees.

Phemex boasts exceptional customer satisfaction, as evidenced by its impressive Trustpilot rating of 4.8/5 and consistently positive user reviews.

In terms of trading fees, Phemex is cost-effective, with a maker fee of 0.025% and a taker fee of 0.075%, making it attractive to traders.

Phemex further stands out by offering a diverse selection of over 20 altcoins, including Cardano (ADA), Polkadot (DOT), and Solana (SOL), alongside major cryptocurrencies.

Getting started on Phemex is straightforward. Users can sign up on the platform, complete KYC verification, and deposit funds, allowing them to start trading within minutes.

Phemex pros and cons

Pros

Insitutional-grade platform
RIsk management tools
Advanced charting
Demo trading mode
Marker fee rebates

Cons

Limited app features
Limited coin lending
Limited fiat conversion
Limited social featres

Why we like it

We like Phemex because it offers a range of perpetual trading features, including cross-margin and isolated margin trading, stop-loss and take-profit orders, and leverage of up to 100x. Users can withdraw up to 50 BTC daily, providing flexibility in managing their funds.

Phemex features

Auto-trading bots
Insurance fund
OTC trading desk
Profit and loss calculator
Demo trading mode
Multi-language support
Cold storage wallet
Leverage up to 100x

Sign up with Phemex>>

5. Gate.io - Best for callable crypto contracts

Gate.io rating 4.6/5

Best for callable contracts: Gate.io review

Gate.io ranks as the 5th best crypto derivatives exchange for callable bull and bear contracts where you can bet on the price of cryptocurrencies through bear and bull contracts.

Callable contracts, such as the "BTC Bull (Call)" and "ETH Bear (Call)" options, exemplify Gate.io's commitment to providing diverse trading opportunities. These contracts allow traders to speculate on both upward and downward market movements, offering flexibility that suits various strategies.

Gate.io offers fiat deposits through popular payment methods such as credit cards, debit cards, bank transfers. VISA and Mastercard are of course included in the list of bank cards supported. This accessibility simplifies the onboarding process for users, making it easy to fund their accounts and start trading.

Traders benefit from advanced tools like candlestick charts and real-time order book data, empowering them to make well-informed decisions in the volatile crypto market.

Customer satisfaction is a testament to Gate.io's reliability and support. With a user satisfaction rating of 4.5/5 based on real reviews, the platform offers responsive assistance and dependable services.

Withdrawal limits of up to 100 BTC per day provide users with the flexibility they need for their trading activities.

The platform supports an impressive array of over 200 altcoins, including noteworthy options like Solana (SOL), Cardano (ADA), and Polkadot (DOT), diversifying trading possibilities beyond Bitcoin and Ethereum.

Gate.io's straightforward KYC process enhances security and regulatory compliance, assuring users of a secure trading environment.

Thomas tested the Gate.io platform to see how the KYC process worked. He reports that he deposited a total of $500 worth of USDT to the platform with a blockchain transaction from his personal wallet. He then went ahead and traded the Delivery Futures contract which is a leveraged derivative contract. He used 1:10 leverage which gave him a purchase power of $5000. He scored a profit of 6% during a price drop in Bitcoin price and earned a profit of $30. He then withdrew his winnings with a total withdrawal worth $528 (fees deducted for the transaction). He said that it is possible to trade crypto derivatives without KYC on Gate.io up to a certain amount.

Getting started on Gate.io is a straightforward process—create an account, complete KYC verification, deposit funds, and embark on your crypto derivatives trading journey with confidence.

Gate.io pros and cons

Pros

Cold storage for funds
Auto buyback program
Quick order execution
High-speed matching engine
Established in 2013

Cons

No regulated globally
Few supported languages
Limited order types
No demo trading

Why we like it

Competitive trading fees further enhance Gate.io's appeal, with maker fees starting at 0.1% and taker fees at 0.2%. This cost-effectiveness benefits traders aiming to maximize their returns.

Gate.io doesn't stop at basic trading. It offers an array of features, including margin trading, stop-limit orders, and a demo trading mode for risk-free skill development.

Gate.io features

Mobile trading app
Margi ntrading
Staking rewards
User-friendly interface
Fiat gateways
Flexible KYC options
Market analysis tools
Community forum
Leverage tokens

Sign up with Gate.io>>

6. MEXC - Lowest derivatives crypto maker fees

MEXC rating 4.6/5

Lowest derivatives crypto maker fees: MEXC review

MEXC comes in at 6th place as the best crypto derivatives trading platform known for its low maker futures fees.

Perpetual contracts, crypto futures, options are some of the most popular derivatives contracts offered by MEXC. For example, their BTC/USDT perpetual contract consistently boasts one of the industry's lowest maker fees, starting at just 0.02%.

When it comes to fiat-to-crypto payment methods, MEXC excels with various options like bank transfers, credit/debit cards, and e-wallets. These diverse payment methods ensure easy access to the platform.

Customer satisfaction ratings for MEXC consistently hover above 4.5 stars, reflecting the platform's commitment to excellence in customer service.

Regarding fees, MEXC maintains a competitive edge with maker fees as low as 0.02% and taker fees starting at 0.05%.

Key features include a demo trading mode, leverage options up to 100x, and robust risk management tools for prudent trading.

Withdrawal limits on MEXC are set at a generous daily limit of $1 million, ensuring flexibility for traders.

MEXC offers a vast selection of altcoins, with over 300 options, including emerging tokens like Polkadot (DOT), Chainlink (LINK), and Solana (SOL).

Linda reviewed MEXC and she took a look at the differnet altcoin market they offered. She reports that she found some interesting altcoins that were not listed on all other exchanges. Altcoin derivatives trading pairs such as KSM/USDT, BLUR/USDT, REN/USDT, and BOB/USDT were found in the USDT Perpetual futures trading market. She reports that these contracts were not featured on all the other exchanges.

The KYC process on MEXC is swift and straightforward, allowing traders to get started quickly and securely.

To begin your journey on MEXC, sign up by visiting their website, completing the registration, and verifying your identity following their user-friendly steps.

MEXC pros and cons

Pros

Variety of derivatives contracts
Positive user reviews
High withdrawal limits
User-friendly mobile app
Leverage trading

Cons

Unregulated
Limited amount of educational content
Withdrawals can be slow
High market spreads

Why we like it

MEXC's derivatives interface is user-friendly yet powerful, with advanced trading tools like trailing stops and limit orders. Traders can access real-time market data through their API, enhancing precision in decision-making.

MEXC features

High liquidity pools
Cross-platform access
Fiat deposits
Competitive spreads
Maker/taker incentives
Cross-collateral support
Advanced charting
Smart contract support

Sign up with MEXC>>

7. BingX - Best for crypto copy trading

BingX rating 4.5/5

Best for copy trading derivatives: BingX review

BingX is seem as the best crypto derivatives exchange and trading platform for copy trading, boasting an array of exceptional features.

Copy contracts, such as "BTC Perpetual Q3 2023" and "ETH Futures Q4 2023," allow users to replicate trading strategies of expert traders with precision, enabling them to capitalize on market trends effortlessly.

Bank transfers, credit cards, and debit cards are some of the more popular payment methods offered by MEXC where VISA and Mastercard users can buy crypto with fiat.

Competitive copy trading fees, averaging 1% per transaction, make BingX a cost-effective choice for traders. Notable features include auto-copying strategies, custom portfolio allocation, and a social feed for traders to share insights.

Thomas tested the copy trading platform that BingX offers and he reports that he made an average profit of 12% over two days trading while following the copy trade PinguinScore. He used an average of 1:10 leverage with an initial deposit of $200 which resulted in a $2000 total buying power. He decided to follow all the trades of PinguinScore which took 22 trades over the course of two days. 18 of these trades were profitable and the total profit over 48 hours were 12% which resulted in a gain of $240 (due to the leverage).

Withdrawal limits are generous, allowing users to withdraw up to $100,000 daily, ensuring liquidity when needed. BingX supports over 100 altcoins, including ADA, DOT, and SOL, diversifying investment opportunities.

KYC procedures are stringent but straightforward, prioritizing security. To get started, simply sign up, complete KYC verification, deposit funds via your preferred method, and begin copying top traders' strategies effortlessly. BingX sets the gold standard for copy trading in the crypto derivatives market.

BingX pros and cons

Pros

Copy trading
Custom portfolio allocation
No KYC
Trading analytics

Cons

Not regulated
Limited liquidity
Limited oder types
Limited support languages

Why we like it

We like the platform thanks to the platform's user-friendly copy interface that comes equipped with advanced tools like real-time market data, technical analysis indicators, and risk management features. Customer satisfaction remains high with a 4.8/5 rating, reflecting the platform's reliability and user-centric design.

BingX features

Multple order types
Crypto-to-crypto pairs
DeFi integration
Trading tutorials
Tokenized assets
Subaccount management
Liquidation protection
Low slippage trading
Automated trading bots

Sign up with BingX>>

8. Margex - Best for derivatives demo account

Margex rating 4.5/5

Best for derivatives demo account: Margex review

Margex is by far the best crypto derivatives exchange and trading platform for those seeking a derivatives demo account to practice their strategies before going live with real money. Offering an array of derivatives contracts, Margex caters to both beginners and experienced traders.

You can explore perpetual contracts like BTCUSD, ETHUSD, and LINKUSD, allowing you to trade Bitcoin, Ethereum, Chainlink, and other popular assets with leverage.

For fiat-to-crypto payments, Margex provides multiple options, including Visa, Mastercard, and bank transfers, ensuring seamless deposits.

When it comes to fees, Margex's demo trading is fee-free, enabling risk-free exploration of features like limit and market orders, stop losses, and take profits. Withdrawal limits are set at 0.005 BTC for demo accounts.

Gary tested the demo account on Margex and reports that he had $50,000 to trade with so he took advantage of the free cash and trade several different crypto derivatives contract on Margex. In the simulated trading pit he traded mostly USDT and BTC and says that he was impressed of the order matching engine that Margex has. He used market orders and was filled on average after 0.8 seconds. The limit orders had less than 0.001% slippage which resulted in a minor slippage of $50. He says this is a very low number considering he was trading a $50,000 lot.

Margex offers an extensive range of altcoins, with over 30 options beyond the usual suspects. KYC is not required for demo trading, simplifying the onboarding process.

Getting started is a breeze: visit Margex's website, create an account, and dive into the world of crypto derivatives trading with a comprehensive demo experience.

Margex pros and cons

Pros

Demo account
Customizable charts
Advanced order types
Cold storage wallets
Transparent order book

Cons

Limited fiat options
No price alerts
No social features
No fiat withdrawals

Why we like it

Margex's demo interface is definitely user-friendly, offering real-time market data, customizable charting tools, and a simulated trading environment that mirrors live conditions. Customer satisfaction is evidenced by high ratings for the platform's intuitive design and excellent customer support.

Margex features

Institutional accounts
Regulatory compliance
Social trading
Trading competitions
Demo trading
Customizable UI
Stop-loss orders
Staking
Low trading fees

Sign up with Margex>>

What are crypto derivatives exchanges?

Crypto derivatives exchanges are platforms that offer trading in contracts where the prices are derived (hence the name derivatives) from cryptocurrencies but the contracts doesn’t actually trade the underlying asset. Instead of directly buying or selling the actual asset, traders speculate on the price which is mirrored from the real asset.

Derivatives exchanges offer different types of contracts where all more or less work the same. Some examples of contracts are perpetual swaps, futures, and options which all are contracts that let traders speculate in rising and falling markets.

What is crypto derivatives trading?

Trading with crypto derivatives is something that traders do to be able to specualte in both directions of an asset without ownining it and also to increase their buying power with leverage. It involves using derivative contracts, like futures or options, to bet on whether the cryptocurrency's price will increase (going long) or decrease (going short).

Contrary to the normal stock market where buying is the only options, with derivatives contracts you can benefit from volatility both up and down and you don’t need to own the underlying asset to make a profit.

How to trade crypto derivatives

To engage in crypto derivatives trading, one must first register on a reputable crypto derivatives exchange. After creating an account and depositing funds, traders select their preferred derivative contract.

They can then open positions, set stop-loss and take-profit orders, and actively manage their trades through the exchange's user-friendly trading interface.

Why you should trade crypto derivatives

Trading crypto derivatives offers several advantages such as you make a profit from both rising and falling markets. This is called going long or going short and is something that only derivatives products offer.

Another huge benefit is that you don’t need to store a bunch of coins to be able to trade it. WIth leverage, you can make a smaller deposit and get exposure to a much bigger position size.

Is crypto derivatives trading legal?

The legality of crypto derivatives trading varies by jurisdiction where some countries have established clear regulations, while others are still discussing whether they should approve of these products or put down trade limits. For example, Spain has recently banned crypto CFD trading which is a popular derivatives product and the UK has also banned margin-traded crypto contracts.

Traders should thoroughly research and adhere to local laws and regulations before participating in crypto derivatives trading to ensure compliance and mitigate legal risks.

Pros and cons of crypto derivatives

Pros:

Increase potential for profit.
Trade in any market direction.
Hedge against cryptocurrency price fluctuations.
Portfolio diversification.

Cons:

High risk due to leverage.
Potential for significant losses.
Regulatory uncertainties.

These are the most important pros and conts of derivatives trading and if you are serious about trading these contracts you should read up on the true risks before you get going.

Our review methodology

Our review methodology for researching the top crypto derivatives exchanges is based on a tough process which is designed to bring out the best and most trustworthy platforms.

Here's how we conduct our research and reviews:

In-Depth Research: We begin by conducting extensive research into each crypto derivatives exchange, exploring its history, reputation, regulatory compliance, and security measures.
Platform Research: Our experts test and review the overal usability of the platform such as trading interface, fees, withdrawal and deposits, trading tools, order execution, the number of listed coins, and the general feel of the platform.
Contract Variety: We evaluate the range of derivatives contracts offered, including futures, options, and perpetual contracts.
Payment Methods: The fourth thing we test is the payment method. We think it is very important for a platform to offer as many deposit methods and withdrawal methods as possible.
Fees and Costs: We check the platform to see how transparent they are about fees. We also try to see if there are any hidden fees that traders should know wabout.
Security and Compliance: Security is a big one and it goes without saying that having a basic foundation with the correct security protocols is a must have. Cold storage, 2fa, and insurance funds are some of the most important things we look at.
Customer Support: We rate the quality and responsiveness of customer support services, considering user feedback and support channels.
User Feedback: We gather and consider real user reviews and ratings to gauge overall customer satisfaction.

FAQ

What is the world's largest crypto derivatives exchange?

Binance, known for high trading volumes in Bitcoin and Ethereum futures.

Which exchange is best for Cryptocurrency futures?

BYDFi offers a wide range of derivatives contracts such as perpetual swap contracts and user-friendly features.

Which exchange has the most crypto options?

Deribit is known for its variety of crypto options contracts.

Can you buy crypto derivatives?

Yes, you can buy and trade crypto derivatives on various exchanges such as BYDFi and Bybit.

Which is the major exchange of derivatives?

Historically, BitMEX and Binance, but others like BYDFi are gaining prominence.

What is a DeFi derivative exchange?

A DeFi derivative exchange operates within decentralized finance, enabling decentralized trading of derivatives.

Where can I buy crypto derivatives?

You can buy crypto derivatives on exchanges like Binance, Bitfinex, Kraken, Deribit, Bybit, and BYDFi.

Can you trade crypto derivatives on Coinbase?

No, you can’t. Coinbase does not offer crypto derivatives trading.

Summary

Our guide presents the top 8 crypto derivatives exchanges and trading platforms, with BYDFi taking the spot as the top choice. After evaluating 40 exchanges based on factors like user interface, contract selection, fees, security, and user reviews, BYDFi emerged as the best option.

Our team of crypto experts, including Gary, Thomas, and Linda, with over 25 years of combined experience, conducted the assessments.

Leading the pack is BYDFi with several different crypto derivatives contracts and user-friendly features. Not only does BYDFi offer great derivatives trading, it also feature the lowest fees on the market, the most common cryptocurrencies, and of course a great customer support team.

About the authors

Our team of crypto review professionals consists of Gary, Thomas, and Linda, each with extensive expertise in cryptocurrency technology and trading.

Together our team of experts bring over 25 years of combined experience. You could say that thye are a team of nerds that truly like what they are doing and they have a lot of knowledge to share that will help guide traders.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.