In this crypto trading guide article we compare the best cryptocurrency derivatives trading platforms.
We will compare different derivative trading instruments and what fees are associated with those.
We will look into some om the top Bitcoin trading sites:
- Binance
- Delta Exchange
- Kraken
With the current cryptocurrency market hitting investors left and right, the talk about how cryptocurrency derivative trading could help pull the prices out of the slump is louder than ever.
What are crypto derivatives?
Cryptocurrency derivatives a category of crypto trading instruments.
contracts between two entities which don’t have value but
are valued according to the underlying asset. The most common derivative in the cryptocurrency market is Bitcoin (BTC) futures contract.
What Bitcoin futures contract does is that it obliges a trader to acquire BTC at the predetermined price and time, providing a form of a shield from the high volatility cryptocurrencies are known for.
Despite the mentioned claims that the derivatives market could revitalize the bear market, not all cryptocurrency trading sites offer derivatives trading services to their customers. Therefore, we are going to dissect some of the most used and compare their general characteristics, security, features, support, and reputation (not necessarily in that order).
Trading Cryptocurrency Derivatives with Binance
Binance offer derivatives cryptocurrency trading in a few different products. The main categories can be seen in the screenshot below which is taken from header menu called derivatives on the Binance trading platform. In the menu, you can see
- USDT Futures
- Coin Futures
- Leveraged Tokens
USDT futures on Binance are traded with no expiration date and with a leverage up to 125x.
COIN futures are traded as token margin and comes with both expiration date and without expiration date. The leverage is up to 125x.
Binance leveraged tokens are traded with a leverage up to 3x and with no risk for liquidation.
Delta Exchange derivative and futures crypto trading
Delta Exchange is an crypto derivative trading platform offering perpetuals, futures, options and spot trading.
Delta Exchange is a very user friendly crypto trading site with a nice interface which is easy to navigate.
You can set up your API keys for trading and withdrawal with Delta Exchange.
Best Crypto Trading Bonuses on the market - Delta Exchange
Delta exchange has the best crypto trading bonuses on the market.
Below, you can see some of the best bonuses offered by Delta Exchange.
- $30.000 Trading bonus
- $500 First time deposit bonus
- Get 1000 DETO on a 7-day trade volume of $100,000 or more during the offer duration
- Download and log in from App to get $10 in trading fee credits.
Deposits and withdrawals - Delta Exchange
Delta exchange only support deposits with USDT
However, for withdrawals BTC, ETH, USDT and DETO are supported.
Kraken cryptocurrency derivatives trading platform
Kraken is one of the most trusted crypto trading platforms and recently they bought Crypto Facilities to incorporate futures trading into the Kraken family.
As you can see in the screenshot below Kraken futures is still separated from Kraken spot trading.
With Kraken you can trade derivatives with up to 50x leverage and you can transfer between Kraken spot and Kraken futures seamlessly. Read more about Kraken in our Kraken review.
What is the best cryptocurrency derivatives trading platform?
In the table below, we have summarized the best crypto derivative exchange trading platforms.
- Company
- Best Exchange
- Signup
