In this article, I will discuss the Best Crypto Exchange for On-Chain Derivatives Trading. With increasing popularity of derivative products such as futures and options, it has become vital to select the correct platform.
I will analyze the leading exchanges in terms of their advanced features, high leverage ratio, and low-cost trading to make your decision easier.
Key Point & Best Crypto Exchange for On-Chain Derivatives Trading List
| Exchange | Key Features |
|---|---|
| Binance | – Wide variety of cryptocurrencies- High liquidity- Low fees |
| Bybit | – Leverage trading (up to 100x)- Strong derivatives market- User-friendly interface |
| Deribit | – Specializes in derivatives (options, futures)- Advanced trading tools- High leverage |
| KuCoin | – Extensive crypto selection- Margin and futures trading- Staking options |
| Kraken | – Trusted in the industry- Offers staking- High security measures |
| MEXC | – Low fees- Various trading pairs- Staking options |
| Gate.io | – Wide selection of coins- Decentralized exchange support- Derivatives trading |
| Crypto.com | – Crypto debit card- Earn interest on crypto- Staking and rewards |
| BitMEX | – Advanced trading features- High leverage- Focus on derivatives |
| Bitget | – Derivatives-focused- Copy trading feature- Leverage options |
1.Binance
Founded in 2017, Binance ranks among the largest and most recognized exchanges in the cryptocurrency market. It provides services such as spot trading, futures, staking, and savings.
Binance has a maker and taker fee of 0.10% which is discounted further if the user holds BNB, a token issued by Binance itself. Binance has a relatively large selection of cryptocurrencies and its security features are among the best in the market. Moreover, with Binance, users can also enjoy margin trading and launchpad opportunities.
| Feature | Details |
|---|---|
| Platform | Binance |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | Minimal KYC for basic trading; advanced features may require verification |
| Supported Derivatives | Futures, options, perpetual contracts |
| Leverage | Up to 125x for derivatives trading |
| Transaction Fees | Low fees starting at 0.02% for maker and taker trades |
| Security Features | Two-factor authentication (2FA), cold storage, and SAFU insurance fund |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Credit/debit cards, bank transfers, and crypto deposits |
| Global Reach | Available in over 180 countries |
| Additional Features | Staking, margin trading, and Binance Earn for passive income |
2.Bybit
Founded in 2018, Bybit is comparatively new but has managed to grow even faster due to their focus on derivative and leveraged trading. Offering a whopping 100x leverage on futures and perpetual contracts, the platform covers it all.
Its fees are quite interesting as well, 0.075% for takers and -0.025% for makers. With staking and advanced trading tools, Bybit supports several cryptocurrencies. Most advanced crypto traders find Bybit curious owing to its clean interface coupled with responsive customer support.
| Feature | Details |
|---|---|
| Platform | Bybit |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | Minimal KYC; withdrawals up to 20,000 USDT daily without KYC |
| Supported Derivatives | Futures, perpetual contracts, and options trading |
| Leverage | Up to 100x for derivatives trading |
| Transaction Fees | Competitive fees starting at 0.01% for maker and taker trades |
| Security Features | Two-factor authentication (2FA), cold storage, and anti-phishing measures |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Credit/debit cards, crypto deposits, and P2P trading |
| Global Reach | Available in over 160 countries |
| Additional Features | Copy trading, trading bots, staking, and liquidity mining |
3.Deribit
Founded in 2016, Deribit focuses on options and futures derivatives. It offers high leverage, up to 100x, and advanced trading tools which has helped it gain a positive reputation in the market.
Its maker/taker fee structure is 0.03%/0.05%. Widely used by crypto derivatives traders, it supports Bitcoin and Ethereum. Deribit provides a high degree of trading precision with advanced risk management systems, which makes it a secure and stable platform for high-leverage trading.
| Feature | Details |
|---|---|
| Platform | Deribit |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | Optional KYC for basic trading; advanced features may require verification |
| Supported Derivatives | Options, futures, and perpetual contracts |
| Leverage | Up to 50x for derivatives trading |
| Transaction Fees | Competitive fees starting at 0.02% for maker and taker trades |
| Security Features | Two-factor authentication (2FA), cold storage, and multi-platform security |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Crypto deposits; limited fiat support |
| Global Reach | Available in over 100 countries |
| Additional Features | Testnet for strategy testing, advanced trading tools, and API access |
4.KuCoin
Founded in 2017, KuCoin is a popular market for buying and selling different cryptocurrencies, both for spot trading and futures trading. They provide margin trading, staking, lending services, along with a 0.10% maker/taker fee.
Apart from being an early stage exchange, KuCoin has the reputation for extensive range of altcoins, easier navigating interface, and deals with aspiring users. The platform has its own trading incentive KCS, which can be utilized to further lower trading prices.
| Feature | Details |
|---|---|
| Platform | KuCoin |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | Minimal KYC for basic trading; advanced features may require verification |
| Supported Derivatives | Futures, perpetual contracts, and margin trading |
| Leverage | Up to 125x for derivatives trading |
| Transaction Fees | Competitive fees starting at 0.02% for maker and 0.06% for taker trades |
| Security Features | Two-factor authentication (2FA), cold storage, and anti-phishing measures |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Crypto deposits; limited fiat support |
| Global Reach | Available in over 200 countries |
| Additional Features | Trading bots, staking, lending, and KuCoin Earn for passive income |
5.Kraken
With a foundation established in 2011, the Kraken exchange is widely known as one of the oldest and most trusted exchanges in the crypto space. It is known for strong safeguarding features, as well as offering spot and futures trading, staking, and margin trading.
Depending on their trading volume the fees started at 0.16% for makers, and 0.26% for takers. Because Kraken supports high volumes of fiat and cryptocurrencies, it is a reliable platform for users looking for trusted security and versatility.
| Feature | Details |
|---|---|
| Platform | Kraken |
| Customer Support | 24/7 AI-powered live chat, email, and phone support |
| KYC Requirements | Minimal KYC for basic trading; advanced features may require verification |
| Supported Derivatives | Futures, options, and margin trading |
| Leverage | Up to 50x for derivatives trading |
| Transaction Fees | Competitive maker-taker fees starting at 0.16% |
| Security Features | Two-factor authentication (2FA), cold storage, and insurance coverage |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Bank transfers, SEPA, SWIFT, and crypto deposits |
| Global Reach | Available in over 190 countries |
| Additional Features | Staking, Kraken Pro for advanced trading, and API access |
6.MEXC
Rounding out the list is MEXC, which was established in 2018. This is a grapidily growing exchange offering trading in spot, futures and margin markets. MEXC has low trading fees of 0.20% for both maker and taker services.
In addition, the platform also has advanced features like staking, lending and NFT marketplace. MEXC is also known for supporting a variety of altcoins which, combined with high liquidity and simple user interface makes the platform appealing for both beginner and advance traders.
| Feature | Details |
|---|---|
| Platform | MEXC |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | No mandatory KYC for basic trading; up to 30 BTC withdrawal without KYC |
| Supported Derivatives | Futures, perpetual contracts, and leveraged ETFs |
| Leverage | Up to 200x for derivatives trading |
| Transaction Fees | Zero maker fees; taker fees starting at 0.01% for futures trading |
| Security Features | Two-factor authentication (2FA), cold storage, and insurance fund |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Crypto deposits; limited fiat support |
| Global Reach | Available in over 170 countries |
| Additional Features | Copy trading, demo trading tools, and NFT Index |
7.Gate.io
Founded in 2013, Gate.io is an exchange that allows the trading of hundreds of cryptocurrencies, including many lesser known altcoins. It provides services like spot trading, margin trading, futures and staking.
Gate.io has competitive fees which start at 0.20% for both makers and takers, with further discounts for users who hold the exchange’s native token. It is also known for its advanced trading features that allow a number of order types to be placed and have customizable charts.
| Feature | Details |
|---|---|
| Platform | Gate.io |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | Minimal KYC for basic trading; advanced features may require verification |
| Supported Derivatives | Futures, perpetual contracts, and margin trading |
| Leverage | Up to 100x for derivatives trading |
| Transaction Fees | Competitive fees starting at 0.2% for spot and derivatives trading |
| Security Features | Two-factor authentication (2FA), cold storage, and multi-signature wallets |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Credit/debit cards, bank transfers, and crypto deposits |
| Global Reach | Available in over 130 countries |
| Additional Features | Copy trading, trading bots, staking, and NFT marketplace |
8.Crypto.com
Founded in 2016, Crypto.com has an exchange alongside other debit card related to cryptocurrency, stake lending and saving account services.
They charge a 0.10% maker/taker fee for spot trading while users of the service holding CRO token receive lower fees. Supported cryptocurrencies are the same as on most other exchanges and the platform has other interesting features like cashback from their Visa card and the ability to earn interest on held funds.
| Feature | Details |
|---|---|
| Platform | Crypto.com |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | Minimal KYC for basic trading; advanced features may require verification |
| Supported Derivatives | Futures, perpetual contracts, and margin trading |
| Leverage | Up to 100x for derivatives trading |
| Transaction Fees | Competitive fees; varies by transaction type |
| Security Features | Two-factor authentication (2FA), cold storage, and insurance coverage |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Credit/debit cards, bank transfers, and crypto deposits |
| Global Reach | Available in over 100 countries |
| Additional Features | Staking, NFT marketplace, and Crypto.com Visa Card for spending crypto |
9.BitMEX
Set up in 2014, BitMEX is a platform that focuses mostly on derivatives trading, providing leverage of up to 100x. It employs a maker/taker fee system that starts at -0.025% for makers and 0.075% for takers.
BitMEX also supports Bitcoin and a few other lesser-known cryptocurrencies, catering to professional clients seeking high-leverage products. \BitMEX has developed a reputation as a leader in overall risk management and offers significant liquidity in the futures market.
| Feature | Details |
|---|---|
| Platform | BitMEX |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | Minimal KYC for basic trading; advanced features may require verification |
| Supported Derivatives | Futures, perpetual swaps, and prediction markets |
| Leverage | Up to 100x for derivatives trading |
| Transaction Fees | Competitive fees starting at 0.075% for taker trades |
| Security Features | Multi-party computation (MPC), cold storage, and Proof of Reserves |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Crypto deposits; limited fiat support |
| Global Reach | Available in over 100 countries |
| Additional Features | Insurance fund, advanced trading tools, and API access |
10.Bitget
Established in 2018, Bitget specializes in derivatives and follow-me trading. Its maximum leverages are at 125x and it offers several contracts for futures and spot trading.
All fees on the exchange are uniform across makers and takers, beginning at 0.10%. Besides offering a cut of the profits to those they follow, Bitget provides a user-friendly interface for novice traders that enables them to imitate seasoned traders. Supported by numerous cryptocurrencies, the platform participates in several promotional campaigns.
| Feature | Details |
|---|---|
| Platform | Bitget |
| Customer Support | 24/7 AI-powered live chat and email support |
| KYC Requirements | Minimal KYC for basic trading; advanced features may require verification |
| Supported Derivatives | Futures, perpetual contracts, and copy trading |
| Leverage | Up to 125x for derivatives trading |
| Transaction Fees | Zero maker fees; taker fees starting at 0.05% for futures trading |
| Security Features | Two-factor authentication (2FA), cold storage, and insurance fund |
| Mobile App | Available for iOS and Android with full derivatives trading functionality |
| Payment Methods | Crypto deposits; limited fiat support |
| Global Reach | Available in over 100 countries |
| Additional Features | Copy trading, demo trading tools, and advanced trading analytics |
Conclusion
In summary, regarding on-chain derivatives trading, the best crypto exchange is Deribit. It was founded in 2016 and has a proprietary system with sophisticated trading instruments, leverages, and a concentration on Bitcoin and Ethereum derivatives.
Low-cost transaction expenses combined with advanced trading features of options and futures makes Deribit great for professional traders. Although there are other exchanges like Bybit and BitMEX which offer the same things, Deribit is the go-to exchange for on-chain derivatives trading.
