Derivatives are tradable securities or contracts that derive their value from an underlying asset. Where cryptocurrency derivatives are concerned, the underlying asset is almost always Bitcoin (BTC) or other popular cryptos. The most common types of derivatives include futures, forwards and options, which are based on a variety of assets, including stocks, currencies, bonds and commodities. Among crypto derivatives, Bitcoin futures were the first to go mainstream and remain the most traded in terms of volumes. In general, derivatives are sophisticated, generally high-risk financial instruments that are useful for managing risk via hedging. Here’s a list of 10 of the most popular crypto derivatives exchanges.
Binance is a infrastructure services provider for the blockchain ecosystem and generally known to be the biggest cryptocurrency exchange in terms of trading volume. The exchange was founded in 2017 and has its headquarters in Malta. The platform trades in over 180 different coins as of the end of 2019. Start trading on Binance today.
Huobi is a Singapore-based cryptocurrency exchange founded by Leon Li in 2013. The company has offices in Hong Kong, Korea, Japan and the United States. It is also the owner of Quickwallet. A global blockchain asset financial services provider, Huobi offers exchange, trade, wallet, and storage services.
OKEx is one of China’s three biggest exchanges, with more than $6 billion in daily trading volume. Some 1.1% of the circulating Bitcoin supply is held in OKEx cryptocurrency wallets. OKEx provides a platform for trading various cryptocurrencies and some of exchange’s core features include spot and derivative trading.
BitMEX is a cryptocurrency exchange and derivative trading platform that trades Bitcoin and other cryptocurrencies with up to 100x leverage. It was founded in 2014 and is headquartered Seychelles. BitMEX is one of the world’s most advanced P2P crypto-products trading platform and API and allows traders to trade with up to 100x leverage with only Bitcoin as collateral.
Bybit is a trading platform offering cryptocurrency perpetual contracts. Based in the British Virgin Islands and launched in 2018. Products currently offered on the Bybit platform include BTC/USD, ETH/USD, XRP/USD, EOS/USD, BTC/USDT, ETH/USDT, LTC/USDT, XTZ/USDT, and LINK/USDT perpetual contracts. The platform is aimed at more experienced traders.
FTX Cryptocurrency Derivatives Exchange is where users can buy and sell BTC, ETH, USDT, BNB futures and index futures with up to 101x leverage. FTX strives to be a platform robust enough for professional trading firms and intuitive enough for first-time users. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Sign up to get started.
ZBG was launched in July of 2018 and is focused on providing a trading platform for new and innovative tokens. ZBG is actually a sub-platform of the much larger exchange called ZB.com.
Phemex was founded in 2019 and is headquartered in Singapore. The platform trades in 12 of the biggest coins on the market. Additionally, as of mid-2020, Phemex allows users to spot trade their coins against USDT without having to pay any fees.
Deribit is a platform that focuses on international experienced cryptocurrency traders. Launched in 2016 and based in the Netherlands, Deribit trades Bitcoin and Ethereum with up to 100x leverage. Get 10% discount on trading fees if you sign up using our link!
Kraken was founded in 2011 and is based in the US. It caters to beginner and advanced cryptocurrency traders with 40 cryptocurrencies available for trade. The exchange provides cryptocurrency to fiat trading and provides price information to Bloomberg Terminal. As of 2020, Kraken is available in 48 US states and 176 countries.
