Updated: November 3, 2023

Published: August 27, 2021

The Best Crypto Derivatives Exchanges to Choose From


Derivatives trading as well as derivatives products are pretty new to the crypto market, and many exchanges are still taking baby steps towards it. It is important to say that they are quickly becoming the way to gain income for professional traders. Let’s dig into crypto derivatives, and what does it mean.



Definition of a Derivative Trading

A derivative is a contract or product whose cost is determined by its basic currency. Crypto assets, exchange rates, stocks, commodities, and the rate of interest are included in derivatives trading. Parties of such futures contracts have directly opposed predictions for the future trading price. So, to get maximum from trading derivatives, both parties (for example, crypto traders) bet on the price of the coin.



What Are Crypto Derivatives, and Why Are They So Special?

The key thing in crypto derivatives trading can be any crypto coin within the trading platform. Two parties that enter into a financial contract speculate on its price on a future date. During the first phase of the contract, the sides agree on a price for the crypto on a specific day, regardless of the market data. As a result, participants enjoy income from changes in prices by buying low and selling high.



How Can Crypto Derivatives Influence Currencies and the Whole Segment?

At first sight, the integration of cryptocurrency derivatives seems so far from crypto trading at a wide range of crypto exchanges. And it is crucial to say that it has a great impact on crypto space.


Firstly, cryptocurrency derivatives can have a great impact on trading volumes and liquidity for digital currencies, not only on BTC ETH. So, a broader approach to crypto markets beyond the biggest coins will raise crypto awareness.


More capabilities could make participants feel free with alternative assets and invest in them. In addition, this could bring less volatility in price movements.


Secondly, the integration of more derivatives supplied by private participants has a great chance to raise tension on financial authorities to pay attention to their concerns devoted to virtual assets. It is crucial to highlight that there is a discussion of integrating regulatory hurdles for crypto worldwide. The biggest platforms stay optimistic regarding the current state of virtual coins and their bright future.

Top Crypto Derivatives Exchanges You Should Try

In case you want to try it, you would need a website that provides such services. 
Some of the best platforms you already use support derivatives trading. Check them out.

It is the most famous company built only for trading crypto futures and options. It is based out of the Netherlands and started in 2016, and has built the most extensive community and a user-friendly platform for derivative traders. Deribit is open to traders in over 100 countries. There is no commission for a deposit, and withdrawal is also free up to a certain limit. It can process thousands of orders per second and hundreds of orders per second from a single account.

It is a platform that was based in Singapore and started in March 2018. It provides its customers with crypto-based perpetual swaps as well as futures contracts. But it primarily specializes in crypto-to-fiat currency pairs of perpetual contracts with 100:1 leverage of all the key digital assets to help you trade derivatives with high liquidity. In a short period, the ByBit website has soared in its popularity and managed to build up enough liquidity.

Many derivative exchanges have come and gone, but the BitMEX platform has alone carried the load of the derivatives market since 2015. Of course, now new players have entered the crypto market, but in terms of brand name and liquidity- BitMEX still stands in the top ten platforms in the derivatives market. BitMEX exchange offers the best crypto products with negligible slippage and high liquidity. Moreover, the sign-up process is easy and requires just your email ID. Bitcoin is the main base currency on this exchange, where you will get an exclusive 10% discount on trading fees for the first six months if you register NOW and open your account. Moreover, it is the perfect place to deal with cryptocurrency because it offers derivatives for seven more cryptocurrencies apart from BTC.

It is a leading Malta-based cryptocurrency exchange that operates as a broker for customers to trade hundreds of virtual coins and futures trading pairs. Launched in 2017 and based in Malta and the Republic of Seychelles, the exchange has accumulated a large list of customers with millions in daily traded volumes – competing with other major players such as Binance. The OKEx CEO JayHao had a background in game development before entering the financial industry. In 2018, the exchange expanded operations to Malta, which adopted a crypto-friendly solution.

At $9.7 billion in 24-hour average trade volume and 61 derivative markets listed, the Singapore-based exchange CoinTiger takes fifth place. Investors can trade 62 different cryptocurrency perpetual contracts on CoinTiger, which has been steadily growing in popularity since its launch in 2017. CoinTiger has low trading and withdrawal fees. There is a broad spot market available. There’s even derivatives trading, fiat currency funding, and withdrawals to a US bank account. While most traders experience very few problems at all, those who have contacted the support desk frequently complain about unresponsive customer service. Trustpilot cites several poor reviews, although closer investigation shows that all queries end up resolved eventually. Other than this minor hiccup in service, CoinTiger currently serves over 1.1 million investors from all around the world and may just be the right exchange to pick up a new listing or start growing a portfolio.

That is not all. In addition, we can also mention these cryptocurrency derivatives exchanges that you should consider:

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