In this article, we will discuss the best Bitmex alternatives. We Highly researched each exchange discussed here and suggested it to you.
The cryptocurrency market has become further intriguing, with more platforms available for traders and investors in 2024.
Bitmex is a well-known name that offers robust trading features and leverage options, the first of its kind among these.
However, as the use-case and user prerequisites evolve in this maturing market environment, many traders seek alternatives other than Bitmex, which provides a whole new set of features, security measures, or user experience.
Top Bitmex Alternatives in 2024, so now we will explore the best one for you according to your trading objectives and criteria.
BitMEX Alternatives List & Features
| Platform | Features |
|---|---|
| Bitrue | Welcome gifts for new Signups |
| Binance | Focus on Bitcoin and Ethereum derivatives, futures and options trading, high liquidity, and API support. |
| Deribit | Advanced security, a wide range of cryptocurrencies, spot and futures trading, staking, and margin trading. |
| Kraken | Innovative products, tokenized stocks, futures, options, prediction markets, and leveraged tokens. |
| Huobi Global | A comprehensive suite of trading tools, spot and derivatives trading, DeFi, staking, and lending. |
| OKEx | A comprehensive suite of trading tools, spot and derivatives trading, DeFi, staking, and lending. |
| PrimeXBT | High leverage, multiple asset classes (crypto, forex, commodities), advanced trading tools, copy trading. |
| Phemex | Zero-fee spot trading, high leverage, derivatives trading, intuitive interface, educational resources. |
| Bitfinex | Advanced trading options, high liquidity, margin trading, staking, lending, customizable interface. |
9 Best Bitmex Alternatives In 2025
1. Bitrue
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Bitrue has shaken up the crypto market with their New Users Campaign, where they are giving away $12,000 just for making your first Futures Trade!
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? What to consider when Joining Bitrue:
✅ Welcome gifts for new Signups
✅ Zero hassle when it comes to security and Futures trading
✅ Great fee structure with high liquidity
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2. Binance
Binance, the current leader of cryptocurrency exchanges, can be a reliable alternative for BitMEX.
Binance has a user-friendly interface that allows you to learn cryptocurrency trading and how it works simply by using their services.
In contrast to BitMEX, the derivatives-focused exchange (which also provides some spot products of late), Binance has all you need with its wide range, including assets for staking, saving & futures trading.
As one of the most popular exchanges, security on Binnace is a priority, and Binance uses numerous secure ways to protect users’ funds.
The platform offers traders many cryptocurrencies with an expansive array containing their favorite virtual currencies.
Binance is notable for its competitive fees, responsive customer support, and continuous innovation in the cryptocurrency market.
3. Deribit
the Deribit exchange ranks as the best Bitmex alternative and an excellent choice for trading futures and options.
Known for high liquidity and a robust trading infrastructure, Deribit is an attractive platform for experienced traders and beginners in the derivatives market.
The platform provides Bitcoin and Ethereum options and futures, allowing you to take advantage of various trading opportunities.
Deribit has made a point to care for security and transparency, with features like advanced security protocols (cold storage of most user funds and two-factor authentication).
Deribit is a solid option for traders interested in trading crypto derivatives with its intuitive UI, rich educational content, and second-to-none customer support training.
With various types of trading models, Deribit accommodates investors through perpetual swaps, futures, res, and options. It has low latency and high performance, which makes trading more stable.
Deribit is a transparent, secure, and efficient market for trading futures contracts.
Derbit is the preferred choice of many traders who want the same bucket risk management through essential features such as portfolio margining to sophisticated order types.
4. Kraken
For those who want a slightly different approach, Kraken is an experienced exchange that provides crypto trading.
One of the best overall cryptocurrency platforms for security and strict regulatory compliance, Kraken has a formidable reputation as one of the few places to feel safe when purchasing cryptocurrencies.
The platform hosts a range of assets, from spot trading to futures and margin trading, to accommodate traders across the board.
Its user-friendly interface, as well as myriad trading tools available both in basic and advanced modes, are suitable for beginner traders or experienced ones.
Kraken also focuses on customer support and transparency, providing extensive resources and assistance with issues with issues.
Having some of the most competitive fees and long track history in crypto, Kraken is a dependable option for complete crypto trading and investing.
The user interface of Kraken is easy to use and geared toward beginners, but trading professionals will also find plenty under the hood.
The exchange also offers staking and futures trading opportunities, enabling easier income generation. Besides the layout, Kraken provides a secure trading environment with 2FA and cold storage.
5. HTX
HTX (formerly Huobi Global) is a notable alternative to Bitmex in 2024, offering a comprehensive suite of cryptocurrency trading services.
Established in 2013, HTX has built a reputation for its extensive range of digital assets, including Bitcoin, Ethereum, and various altcoins.
The platform supports spot trading, futures contracts, margin trading, and staking, catering to retail and institutional investors.
HTX is known for its robust security measures, such as cold wallet storage and multi-signature technology, ensuring the protection of user funds.
With a user-friendly interface, competitive fee structure, and a commitment to regulatory compliance, HTX continues to be a preferred choice for traders seeking a reliable and versatile cryptocurrency exchange.
6. OKEx
OKEx is a one-stop shop for trading cryptocurrencies and providing spot and derivative instruments.
Having a global reach, OKEx is renowned for its high liquidity and trading infrastructure.
With competitive trading tools and features, such as margin trading (not available for US residents in the near term) and advanced order types like limit orders or market trades, experienced traders can rely less on a cure protocol.
OKEx prides itself on security, such as cold storage and anti-phishing codes, to help keep your assets secure.
OKEx also has staking and savings products that allow users to get a yield on their holdings. It features a user-friendly interface and comprehensive educational materials that suit traders at all skill levels.
7. PrimeXBT
PrimeXBT Global is one of the fastest-expanding cryptocurrency exchange platforms, making it an attractive BitMEX alternative as a margin trading platform for many other assets.
It sets itself apart by offering top-of-the-line trading tools such as interactive charts, technical indicators, and an intuitive user interface for newcomers and experienced crypto traders.
PrimeXBT Global allows leveraged trading on cryptocurrencies, forex, commodities, and indices, offering a wide range of possibilities for diversification and profit opportunities.
Security is a top concern at PrimeXBT Global and includes features such as Hodl Wallet Solution: 95% Cold Storage MultiSig Technology, Two Factor Authentication.
It also offers competitive fees, fast trade execution, and responsive customer support, making it a one-stop destination for any trader looking to have a margin trading experience in totality.
The technology of Prime XBT simplifies trade for every individual by providing a vast spectrum where you can invest in other options – commodities and stock indices that are available worldwide using Bitcoin.
This platform is aimed at novice and professional traders, offering an easy-to-use interface and advanced trading tools.
8. Phemex
Phemex is a Bitcoin cryptocurrency exchange that empowers you to be in charge of your domain with lightning speed.
They support spot trading and derivatives and offer up to 100x leverage on their perpetual contracts.
Phemex is unique in that it caters to beginner traders’ needs with a simple UI and sophisticated charting tools.
Lastly, the exchange is security-focused, storing funds in cold storage wallets with regular audits.
In addition to the derivative perpetual contracts, Phemex provides a zero-fee spot trading model for exclusive users who desire cost-efficient solutions.
Its educational materials and customer support are worth mentioning here, as they attract traders of all kinds.
9. Bitfinex
Bitfinex is an older, experienced cryptocurrency exchange with reputable advanced trading features and liquidity.
This includes digital assets trading and margin as well as futures. Bitfinex is designed for high-level and professional traders and uses refined trading tools.
It offers leverage upto 3.3x, which can be customized according to your needs in terms of UI customization done by the users during their trades.
The exchange is famous for its multiple layers of security, including cold storage and two-factor authentication to protect user funds.
How to Select a Bitmex Alternative?
When selecting an alternative to Bitmex, you must consider various factors to ensure the platform is suitable.
Step 1: Review The Security Measures Of A Platform Only choose a platform that offers two-factor authentication, cold storage for funds, and plenty of dialogue on keeping their user’s assets safe.
Then, consider the trading features and tools you need. Some traders may be interested in a platform with advanced charting options and the ability to offer multiple order types and high leverage.
Furthermore, take a look at what the platform will cost you. These lower fees can significantly affect your profitability, especially for high-frequency traders.
It is also essential to verify the range of cryptocurrencies that can be operated using a given platform — a more extensive offer provides more enormous trading possibilities.
Ease of use and customer support also matter; having an interface that is easy to navigate and has responsive help desks can improve your trading experience. Finally, it also ensures that the platform adheres to regulatory standards, making it a safe space for investors.
Conclusion
By 2024, when you want to find the best Bitmex alternative out there, all is about how much of a trader you are.
How about finding your expectations for each platform with another developer?
You can consider exploring a platform that would provide the same benefits Bitmex does but better regarding security features built for trading, fee structures, and customer user experience.
Therefore, tools and resources play an essential role in trading, mainly in the ever-expanding world of cryptocurrencies.
With this in mind, you are now well-equipped to explore the wide variety of Bitmex alternatives and find one that best meets your needs.
