Bitcoin

Ethereum

Memetic / PepeCoin

<p>This Article is Very Long but I am Sure It will 100% Helpful for you.</p><p>Must Follow me for Quality Update.</p><p><strong>Cryptocurrency enthusiasts can now access advanced financial products like crypto futures trading platforms. Futures contracts create a strong market and allow traders to hedge their investments and gauge market sentiment. This article covers the basics of crypto futures trading and the best exchanges to trade on in 2023.</strong></p><p><strong>In This Guide:</strong></p><ul><li>What Is Crypto Futures Trading?</li><li>9 Crypto Futures Trading Platforms</li><li>Best Crypto Futures Trading Platform Qualities</li><li>Crypto Futures Trading Platforms Compared</li><li>Which Is The Best Platform For You?</li></ul><h2 id="header-0">What is crypto futures trading?</h2><p>Crypto futures trading may sound complicated, but it is a simple financial product that involves buying or selling an asset at a predetermined price and date in the future. A futures contract is an agreement between two parties, obligating them to buy or sell an asset at a predetermined price and date in the future.</p><p>For instance, if the current price of cryptocurrency &#34;X&#34; is $1,500, a trader can purchase a futures contract for 100 tokens of &#34;X&#34; at a price of $1,550 per token. The cost of this contract would be $155,000. If the price of &#34;X&#34; increases to $1,700 per token in three months, the trader will have made a profit of $15,000 ($170,000 for 100 tokens).</p><p>Conversely, a trader can also take out a futures contract to sell instead of buying at a future date. For example, if the trader believes the price of &#34;X&#34; will decrease, they can lock in the price at $155,000 with a futures contract. If the price drops to $1,400 per token ($140,000 for 100 tokens), the trader can still sell at $155,000 ($1,550 per token) and make a profit.</p><p>Unlike options contracts, parties of futures contracts are obligated to buy or sell at the expiration date, regardless of profits or losses. Futures allow traders to speculate on crypto market price movements instead of holding the assets themselves.</p><h2 id="header-1">9 crypto futures trading platforms:</h2><h3 id="1-kraken">1. Kraken</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/26de3bdccaeb4b2c97ef12e09535f89e.jpeg" /></p><p>&#x1f539; What it is: Kraken is a U.S.-based cryptocurrency exchange founded in 2011, which was one of the first bitcoin exchanges included on Bloomberg Terminal. It is regulated by FinCEN and adheres to legal and regulatory requirements in each country where it operates.</p><p>&#x1f539; Features: Kraken offers a sophisticated trading chart with various time frames and technical indicators. It provides conditional trading with stop/limit orders, futures trading with 50x leverage, over-the-counter desk, and cryptocurrency indices.</p><p>&#x1f539; Pros: Advanced trading features, multi-collateral options (10), and up to 50x leverage.</p><p>&#x1f539; Cons: Futures not available to U.S. residents, limited support for fiat currencies, slightly cluttered UI, and fees and charges apply.</p><ul><li>The fee schedule is based on your 30-day rolling volume, which means that the more you trade, the lower your fees on subsequent trades will be.</li><li>Maker fee: 0.02% – 0.005%</li><li>Taker fee: 0.05% – 0.015%</li></ul><h3 id="2-bybit">2. Bybit</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/32c177381f744ab0bd0bab41c6d785a9.jpeg" /></p><ul><li>What it is: &#x1f50d; Bybit is a cryptocurrency exchange based in Dubai. The platform was founded in 2018. Retail and institutional clients around the world can use the company’s online spot and derivatives trading services, mining and staking products, and API support. Bybit also provides an NFT marketplace, a token launchpad, and institutional services.</li><li>Features: ⚙️ Bybit allows up to 100x leverage on margin and futures trading. Users can get up to 100x leverage on bitcoin and up to 50x to 25x leverage on other currencies. Customers can also purchase short-term loss insurance. Bybit allows you to integrate TradingView so that you can receive real-time alerts when the market meets your customized criteria.</li><li>Pros: &#x1f44d;</li><li>TradingView integration</li><li>Insurance fund</li><li>Educational resources</li><li>Large selection of contracts</li><li><strong>Cons: &#x1f44e;</strong></li><li>Limited options for fiat deposit</li><li>Complicated for beginners</li><li>Fees and any other charges</li><li>Taker fee: 0.06% – 0.03%</li><li>Maker fee: 0.01% – 0%</li></ul><h3 id="3-binance">3. Binance</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ef45b0a134274c7ba136df7988b1f900.jpeg" /></p><p>&#x1f4cc; What it is: Binance is a crypto exchange and trading platform based in Tokyo. It debuted in 2017 and has since grown to become an industry behemoth. The exchange is sophisticated, with a number of advanced tools for seasoned traders. It is now the world’s largest cryptocurrency exchange in terms of trading volume and assets under management.</p><p>&#x1f680; Features: Binance offers spot, futures, and options trading. You can choose between quarterly or perpetual contracts settled in USDT, BUSD, or other cryptocurrencies. In addition to bitcoin futures contracts, you can choose from a large variety of crypto futures contracts to trade. Binance&#39;s trading bot is available for advanced traders, while beginners might be more interested in its copy trading features.</p><p>✅ Pros:</p><ul><li>Advanced trading charts</li><li>Variety of contracts</li><li>Copy trading</li><li>Trading bot</li></ul><p>❌ Cons:</p><ul><li>Not available in the U.S.</li><li>Long verification process</li><li>Fees and any other charges</li></ul><p>&#x1f4b0; Fees: Binance futures fees are categorized by regular and VIP users, USDT or BUSD settled contracts, and 30-day trading volume or BNB balance.</p><ul><li>USDT: Maker: 0.02%-0% Taker: 0.04%-0.017%</li><li>BUSD: Maker: 0.012%-(-)0.01% Taker: 0.03%-0.023%</li></ul><h3 id="4-stormgain">4. StormGain</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/d7910dbf1cae493cbd5776392874362f.jpeg" /></p><p>What it is: Stormgain is a centralized cryptocurrency exchange founded in 2017 and based in the U.K. It is a one-stop shop platform and mobile app. While Stormgain is a spot trading platform, users can cut their teeth with a number of derivatives trading products.</p><p>Features:</p><ul><li>High leverage up to 500x on futures</li><li>Direct trading from blockchain wallet</li><li>61 available contracts, including bitcoin futures</li><li>Beginner-friendly UI</li></ul><p>Pros:</p><ul><li>Beginner friendly UI</li><li>Variety of contracts</li><li>Up to 500x leverage</li></ul><p>Cons:</p><ul><li>Limited fiat deposit</li><li>Limited order types</li></ul><p>Fees and any other charges: N/A</p><h3 id="5-mexc">5. MEXC</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/c60aed9dc46c493e9d5e14e87e3bbd18.jpeg" /></p><p>What it is:</p><ul><li>MEXC is a crypto exchange founded in 2018 and based in Seychelles.</li><li>The platform has compliance licenses in five nations, including Canada and Switzerland.</li><li>MEXC enables you to buy, sell, and trade crypto.</li><li>Users recognize the global platform for its high performance and state-of-the-art transaction matching technology.</li></ul><p>Features:</p><ul><li>Portfolio management, leveraged ETFs, perpetual futures, NFT Index, and trading spots are available to users.</li><li>Futures traders can use USDT or other cryptos as collateral and receive up to 200x leverage on a variety of contracts.</li><li>Multiple order types are allowed.</li><li>MEXC has learning resources and tutorials for beginners, and a demo trading feature.</li></ul><p>Pros:</p><ul><li>Learning resources</li><li>200x leverage</li><li>Multiple order types</li></ul><p>Cons:</p><ul><li>Does not support fiat withdrawal</li><li>Fees and any other charges</li><li>MEXC uses a tiered fee structure based on wallet balance or 30-day trading volume<br />Maker fee: 0.00%-0.00%<br />Taker fee: 0.02%-0.014%</li></ul><h3 id="6-kucoin">6. Kucoin</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ce233e8473404a13b6ddf966f3d9c40c.jpeg" /></p><p>What it is: Kucoin is a global cryptocurrency exchange launched in 2017, with locations in Hong Kong, Bangkok, Singapore, Dubai, and Seychelles. It has millions of global users and billions in trading volume.</p><p>Features: Kucoin futures offers both pro and lite versions, with up to 100x leverage available on a wide variety of contracts. Cash settlements are also available, with contracts divided into USDT-Margined, USDC-Margined, and COIN-Margined.</p><p>Pros: Pro and lite version 100x leverage Cash settled contracts</p><p>Cons: Limited fiat support Not regulated in the U.S.</p><p>Fees and any other charges: Kucoin uses a tiered fee structure based on KCS holdings or 30-day spot trading or futures trading volume. Maker fee: 0.02%- (-)0.015% Taker fee: 0.06%-0.03%</p><h3 id="7-gate-io">7. Gate.io</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/48088801fe0a4bc8b07c0bad157f886b.jpeg" /></p><p>What it is Gate.io is a cryptocurrency trading platform that has been active since 2013. The platform was originally known as Bter.com before being renamed Gate.io in 2017.</p><p>Features Futures on Gate.io are margined in BTC and USDT. Through the mixed collateral function, you can use margin on BTC or ETH in your spot account and borrow up to 100,000 USDT with no interest for contract trading. Instead of risking real capital, you can also take advantage of the testnet, which is simulated or demo trading.</p><p>Pros Learning resources Variety of contracts Advanced interface Mixed collateral Cons Limited cryptocurrencies for mixed collateral No fiat withdrawals Fees and any other charges Delivery futures trading fee rate: 0.015% Maker: -0.025% Taker: 0.075%</p><h3 id="8-okx">8. OKX</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/d0a5c32ea1a148f794d1394fdf7073dd.jpeg" /></p><p>What it is OKX (formerly OKEx) is a cryptocurrency exchange that offers a wide range of services. The platform is based in Seychelles and is available worldwide except for the United States. With a user-friendly interface and a suite of advanced features, OKX is a popular choice for many cryptocurrency traders.</p><p>Features OKX offers Crypto-Margined Futures Contracts that are settled in cryptocurrencies like BTC, LTC, and ETH. Users can obtain up to 20x leverage if they qualify. Additionally, users can make use of a trading bot. Futures contracts on OKX are margined in USDT, USDC, and other cryptocurrencies.</p><p>Pros Educational resources Variety of contracts Global availability Cons Not available in the U.S. Fees and any other charges OKX uses a tiered fee structure based on assets (USD), OKB holdings, or 30-day trading volume. Maker fee: 0.02%-(-)0.015% Taker fee: 0.05%-0.02%</p><h3 id="9-gmx">9. GMX</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/96a318646798457685ac7ed33581000c.jpeg" /></p><p>GMX is a &#x1f4b0; cryptocurrency futures trading platform. The protocol went live on Arbitrum in September 2021, followed by Avalanche in early 2022. &#x1f4b1; Spot trading is available for a number of popular cryptocurrencies and stables, including ETH, WBTC, LINK, UNI, DAI, USDC, USDT, and FRAX.</p><p>&#x1f4a1; Unlike decentralized spot exchanges, GMX allows users to perform spot swaps and trade perpetual futures with up to 50x leverage while keeping assets in their crypto wallet. Another distinguishing feature of GMX is the use of price oracles such as Chainlink. The use of Chainlink Oracles enables the protocol to obtain accurate price data for assets in the pool. Furthermore, GMX has low swap fees, trades with no price impact, and limit orders.</p><p>&#x1f44d; Pros:</p><ul><li>Built on Arbitrum and Avalanche</li><li>50x leverage</li><li>Permissionless</li><li>Profit sharing</li></ul><p>&#x1f44e; Cons:</p><ul><li>Only available on desktop</li><li>Few trading pairs</li><li>Fees and other charges:<br />Maker fee: 0.01%<br />Taker fee: 0.01%</li></ul><h2 id="header-2">Best crypto futures trading platform qualities:</h2><p>If you want to start trading crypto futures, consider the following features and variables when choosing a platform.</p><h3 id="user-interface">User interface</h3><p>Advanced trading apps with a strategic focus produce trading signals (e.g., distinct market entry and exit points). Trading applications also implement technical indicators and offer complex charting features. The best platforms give users as much information as possible without overwhelming them or overcrowding the UI.</p><h3 id="trading-fees-and-commissions">Trading fees and commissions</h3><p>Commission rates differ from firm to firm, so it is paramount to confirm a fee schedule before deciding to use a crypto futures trading platform. Always remember that if something is free, the user is the product.</p><h3 id="order-types">Order types</h3><p>Order types are the “secret sauce” to an expert trading strategy. They tell your crypto exchange how and when to execute your order at the best prices. This is a basic feature of nearly all brokers. If your trading platform doesn’t have order types, choose a different trading platform!</p><h3 id="leverage-and-margin">Leverage and margin</h3><p>Futures frequently involve borrowing in order to invest, which calls for a reliable middleman. Due to the leveraged nature of its financial products, the futures market is heavily dependent on the clearinghouse. As a result, clearinghouses impose margin demands large enough to pay the member’s debit balance.</p><p>By using a margin, you can execute larger or more advanced trades by putting up less money than the total cost of the transaction. Some trading platforms will allow up to 500x leverage. Make sure you know your chosen platform’s margin and leverage offerings.</p><h2 id="header-3">Crypto futures trading platforms compared:</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/616be3fbecb345a3a8f01b46835a793a.jpeg" /></p><p>Choosing the Best Crypto Futures Trading Platform: Factors to Consider</p><p>As the crypto market continues to grow, more and more investors are looking to trade crypto futures. However, with a variety of futures trading platforms available, selecting the right one can be challenging. To help you make an informed decision, we&#39;ve highlighted some factors to consider when choosing a crypto futures trading platform.</p><ol><li>Fees and Charges Fees and charges can vary significantly across different futures trading platforms. It is essential to check the fees charged by the platform before making a decision. Some platforms may charge maker and taker fees, while others may have no fees at all. Therefore, it is vital to understand the fee structure to ensure that you are getting the best value for your money.</li><li>Trading Tools Trading tools are essential for any futures trader. Look for a platform that offers a variety of trading tools such as technical analysis indicators, charting tools, and risk management tools. These features can help you analyze the market and make better trading decisions.</li><li>Liquidity Liquidity refers to the ability to buy or sell an asset without significantly affecting the asset&#39;s price. A futures trading platform with high liquidity can help you enter and exit trades quickly and efficiently. It is vital to consider the platform&#39;s liquidity before choosing it for your trading needs.</li><li>Security Security is a critical factor when it comes to trading platforms. Look for a platform that provides robust security features such as two-factor authentication, SSL encryption, and cold storage of funds.</li><li>Customer Support Customer support is another important factor to consider. A good futures trading platform should offer prompt and effective customer support. Look for a platform that provides multiple channels of communication such as email, phone, and live chat.</li></ol><p>Conclusion In conclusion, choosing the best futures trading platform depends on your personal needs and preferences. By considering factors such as fees, trading tools, liquidity, security, and customer support, you can find a platform that suits your requirements and helps you achieve your trading goals.</p><p>I know Article is too Long but I am Sure It will Very Helpful For You.</p><p>Hey, it&#39;s CryptoPatel here!</p><p>I&#39;m passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.</p><p>If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.</p><p>Thank you for your support, and let&#39;s continue to stay connected for more exciting content!</p><p>LIKE </p><p>Share</p><p>Follow</p><p></p><p></p><p>#Crypto #Bitcoin #altcoins #Cryptoexchanges $BTC </p>

Riding the Wave: Top 9 Crypto Futures Trading Platforms to Watch in 2023

Table of Contents

Crypto Patel

Other articles published on Jun 16, 2023

OKX Middle East Receives MVP Preparatory License From VARA in Dubai

Ethereum Price Could Rise to $1850: Current Price Analysis!

US Congress may chart new regulatory path for ethereum

YouSUI Protocol Announces Integration with Pyth Network to Provide Users with Real-Time Market Data

Machine learning algorithm sets MATIC price for June 30, 2023

Ringers NFT Collection Creates Buzz, Boosting Hope for Sector Revival

Join our free newsletter for daily crypto updates!