Futures trading is more in demand as compared to spot trading for its high reward activity. However, you need the right skills and popular crypto exchanges to succeed in the market.
The most interesting part about futures or margin trading is that the users can open a position by lent funds known as leverage which makes this medium of trading a bit risky but rewarding. Although, in case of negative market movement the user has to revert the amount with additional interest to the exchange which can end up in account liquidation. This means that a trader requires a strong trading background, a best suited popular crypto exchange, and skills to profit from the market.
Thus, you require a popular crypto exchange that offers best-in-class liquidity, advanced trading tools, executes orders quickly, and a clean interface.
BitQH is a computer program that allows you to make money on the Bitcoin market without any prior experience. In terms of safety and profitability, it is one of the greatest bitcoin trading platforms available.
Popular Crypto Exchanges for Futures Trading in 2022
Here mentioned are some of the most popular crypto exchanges explained in a detailed manner.
In every list of popular crypto exchanges, Binance always have a prominent position for the trading experience and services it offers. A Chinese national first introduced Binance in 2011 and there onwards the exchange has transformed into a one-stop platform for crypto traders. The exchange is famous for its deep liquidity, security, top-of-the-line services and tradeable products.
Binance also offers the users to earn passive income by staking their funds on the exchange. Along with staking, the exchange also introduced its derivatives platform in 2019. Traders can tap into the futures market through Binance, and the best thing is that the exchange also offers a good ratio of leverage that they can borrow to open a position.
Bybit is one of the most popular crypto exchanges based in Singapore. This global crypto futures exchange was first introduced in the market in 2018. Moreover, it is credited for uplifting the entire retail participation across the futures market.
There is no surprise that it is one of the fastest-growing derivatives trading platforms in the market and has won the trust of more than 1.6 million users. Additionally it is recognized for constantly getting ranked within the list of top 5 crypto futures exchanges ranked according to the trading volume.
The exchange offers to trade three different futures markets including
- Inverse Perpetual Futures (BTCUSD, ETHUSD, XRPUSD, EOSUSD)
- Linear Perpetual Contracts (BTCUSDT, ETHUSDT, BCHLINK, LINKUSDT, LTCUSDT, XTZUSDT, ADAUSDT, DOTUSDT, UNIUSDT)
- Inverse Futures Contract (BTCUSD quarterly)
Coinbase is one of the earliest and popular crypto exchanges of all times. The best aspect of this exchange is that it is regulated in the US as well. Coinbase exhibits a trading volume worth millions of dollars on a daily basis. The reason for its popularity is that it is very easy to use for beginners and there is plenty of learning material available that helps them trade without any problem. Moreover, the users can also earn rewards just by completing quizzes and watching videos through Coinbase Earn program.
Additionally, the exchange has a separate segment for advanced users known as Coinbase Pro that allows them to opt for more complex kinds of trading like margin or futures trading.
PrimeXBT is a renowned and award-winning crypto exchange used worldwide for its trading infrastructure and unique products. It is one of the very few popular crypto exchanges that have introduced the option of copy trading.
Now traders can copy the trades of other successful investors and make the same profits without any hustle with PrimeXBT Covesting. Moreover, the exchange has a competitive fee structure and charges 0.05% on all types of trades. However, the daily funding rate on PrimeXBT varies according to market fluctuations.
FTX is another famous name in this crypto exchange list as it provides a wide variety of futures or margin trading options. This exchange was launched in 2019, which means it is a new exchange as compared to other market giants, but the important thing is how this exchange has managed to develop a reputation among other leading crypto exchanges.
FTX exchange offers users to trade within 150 perpetual, FTX’s proprietary MOVE contracts with a maximum leverage, quarterly futures, BTC option, and leverage tokens.
Summing it up, all the earlier mentioned popular crypto exchanges for futures trading are best at what they do. As for the question of which platform suits best for your trading needs, you must define your requirements and then select a platform that aligns with your trading scope.
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