Where To Trade Crypto Futures In Us – Gone are the days when popular financial products were relegated to Wall Street and traditional finance. Products such as loans, options or leveraged trading have been available to cryptocurrency investors for some time. And cryptocurrency futures trading platforms are no different.
Advanced products such as futures create robust financial markets, allowing traders to hedge, and provide insight into market sentiment about the underlying security or cryptocurrency. This article covers the basics of cryptocurrency futures trading, the best exchanges for futures trading in 2023, and what to look out for on futures exchanges.
Where To Trade Crypto Futures In Us
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Trading cryptocurrency futures is easier than it looks. A futures contract (often abbreviated to just futures) is a financial product that obligates parties to buy or sell an asset at a predetermined price and date in the future.
For example, the current price of cryptocurrency “X” is $1,500. You buy a futures contract for 100 tokens of cryptocurrency “X” at a price of $1,550 per token. It will cost you $155,000. If the price rises to $1,700 per token in three months, you will earn $15,000 ($170,000 per 100 tokens).
Alternatively, you can also enter into a futures contract in which you sell rather than buy the future. For example, if a trader wants to sell in the future, he can lock in a price of $155,000 with a futures contract. If the price drops to $1,400 per token ($140,000 per 100 tokens), the trader can still sell $155,000 ($1,550 per token).
Unlike options, futures must be bought or sold at expiration, regardless of profit or loss. Futures allow traders to speculate on cryptocurrency market price movements instead of owning the asset.
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The US-based cryptocurrency exchange Kraken was founded in 2011. It was one of the first bitcoin exchanges to be listed on the Bloomberg Terminal. Kraken is regulated by FinCEN and therefore complies with all legal and regulatory requirements in each country in which it operates.
Kraken trading charts are quite complex, offering a variety of time frames and technical indicators. Additionally, it provides conditional trading with stop/limit orders. Finally, Kraken offers futures trading, a way to maximize profits using 50x leverage, an over-the-counter desk, and a cryptocurrency index.
Bybit is a digital currency exchange based in Dubai. The platform was established in 2018. Retail and institutional clients worldwide have access to the company’s online spot and derivatives trading services, mining and betting products, and API support. Bybit also provides an NFT market, token launch platform and institutional services.
Bybit allows you to use up to 100x margin and futures. Users can get up to 100x leverage on bitcoin and up to 50x to 25x leverage on other currencies. Consumers can also purchase short-term loss insurance. Bybit allows you to integrate TradingView so you can receive real-time alerts when markets meet your specific criteria.
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Binance is a cryptocurrency exchange and trading platform based in Tokyo. The platform debuted in 2017. and has since become an industry hero. The exchange is sophisticated, with many advanced tools for experienced traders. It is currently the world’s largest digital currency exchange by trading volume and assets under management.
When it comes to products, Binance is no slouch. In addition to spot trading, Binance also trades futures and options. You can choose quarterly or permanently, pay in USDT, BUSD or other cryptocurrencies. In addition to bitcoin futures, you can trade various cryptocurrency futures.
Advanced traders can take advantage of Binance’s trading robots, while beginners may prefer Binance’s copy trading features.
Stormgain is a centralized digital currency exchange founded in 2017. and based in the UK. Although Stormgain is a spot trading platform, users can discount some derivatives trading products.
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With StormGain futures, users can receive funds to trade and increase the volume of orders with the highest leverage in the market, up to 500x. Second, no deposit required, you can trade directly from your blockchain wallet. The platform has 61 contracts, including bitcoin futures.
MEXC, formerly known as MXC, was established in Seychelles in 2018. The company has compliance licenses in five countries, including Canada and Switzerland. In addition, MEXC allows you to buy, sell and trade cryptocurrency. Many users recognize the global platform for high performance and advanced transaction matching technology.
Users are offered a variety of services including portfolio management, exchange-traded funds (ETFs), futures, NFT indices and spot trading. Additionally, futures traders can use USDT or other cryptocurrencies as collateral and gain 200x leverage on multiple contracts.
In addition, the trading platform allows for different types of orders. If you are new to futures trading, MEXC has many learning resources and tutorials. After completing the lessons, you can practice what you have learned using the demo trading feature.
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Kucoin is a global cryptocurrency exchange launched in 2017. The platform has locations in Hong Kong, Bangkok, Singapore, Dubai and Seychelles. Today, the platform has millions of global users and billions of trading volumes.
Kucoin Futures offers professional and casual versions, matching the experience for both professional traders and beginners. Additionally, you can use up to 100x leverage on multiple contracts. Some KuCoin futures products are available for cash settlement. Depending on the coin used for settlement, this contract is divided into contracts with USDT margin, USDC margin and COIN margin.
Gate.io is a cryptocurrency trading platform that has been operating since 2013. The platform was originally known as Bter.com until 2017. it has changed its name to Gate.io.
Gate.io futures are BTC and USDT margins. With the Mixed Margin feature, you can use your BTC or ETH margin in your spot account to borrow up to 100,000 USDT without the interest associated with trading contracts. Instead of risking real capital, you can also use testnet, which is a simulation or demo trade.
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OKX (formerly OKEx) provides a variety of services, including cryptocurrency exchange. The platform is based in Seychelles and is available to users worldwide, except the United States. OKX offers a user-friendly interface and a set of advanced features.
OKX Crypto-Margined Futures Contracts are derivative products denominated in cryptocurrencies such as BTC, LTC and ETH. And those who qualify can get 20x leverage. Users can also use trading robots. Finally, OKX futures are margined on USDT, USDC and other cryptocurrencies.
GMX is a cryptocurrency futures trading platform. The protocol goes live on Arbitrum in 2021. in September, followed by Avalanche in 2022. at the beginning Some popular cryptocurrencies and cryptocurrencies can be traded locally, including ETH, WBTC, LINK, UNI, DAI, USDC, USDT and FRAX.
Unlike decentralized spot exchanges, GMX allows users to perform continuous spot swaps and futures trades with up to 50x leverage while storing assets in cryptocurrency wallets. Another unique feature of GMX is the use of price oracles such as Chainlink. The use of Chainlink Oracle allows the protocol to obtain accurate price data for fund assets. Additionally, GMX has low exchange fees, price agnostic trading, and order limits.
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If you want to start trading cryptocurrency futures, consider the following features and variables when choosing a platform.
Strategically oriented advanced trading programs generate trading signals (eg different entry and exit points). The trading application also installs technical indicators and offers advanced charting features. The best platforms provide users with as much information as possible without interrupting or disrupting the user interface.
Commission rates vary from company to company, so it is very important to confirm the fee schedule before deciding to use a cryptocurrency futures trading platform. Always remember that if something is free, the user is the product.
Order types are the “secret sauce” to expert trading strategies. They tell your cryptocurrency exchange how and when to execute orders at the best price. This is the main feature of almost all brokers. If your trading platform does not have order types, choose another trading platform!
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Futures trading often involves borrowing to invest, which requires a trusted intermediary. Due to the leveraged nature of financial products, the futures market is highly dependent on the clearing house. As a result, clearinghouses have fairly high margin requirements to cover our members’ debit balances.
By using margin, you can make larger or more complex trades by depositing less money than the total transaction cost. Some trading platforms will allow you to leverage up to 500x. Make sure you understand the margin offer and leverage of your chosen platform.
Choosing a good cryptocurrency futures trading platform is not difficult, but it does require research and knowing what to look for. After you