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Published March 12, 20245 min read

In Search of the Best: Where to Trade Cryptocurrency Derivatives in 2024

CoinMooner Team

The Coinmooner team has been on a mission to keep our readers updated on global cryptocurrency exchanges and significant related events, focusing only on the best and most reliable ones. In line with this, we've also gathered up-to-date information and conducted a thorough analysis of the top exchanges offering cryptocurrency derivatives – financial tools gaining popularity among traders in 2024.

Our expert team has analyzed key metrics such as trading volume, platform reputation, and reliability. We strive for high liquidity and order execution without significant price changes, and we provide our readers with only verified and trustworthy exchanges.

Cryptocurrency derivatives are an integral part of the modern financial world, offering traders the opportunity to trade based on cryptocurrency asset prices without directly owning them. Futures, options, spot contracts, and perpetual contracts are just some of the variety of tools available on cryptocurrency derivatives exchanges.

This article presents our top 3 picks for global cryptocurrency derivatives exchanges that traders should pay attention to in 2024. Our recommendations are based on extensive analysis and high standards to ensure our readers can access the best opportunities in the cryptocurrency derivatives market.

BINANCE

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In the world of cryptocurrency investments, one name stands out - Binance. It's not just an exchange; it's a universe where traders' dreams come true. Here, all the possibilities of trading cryptocurrency derivatives are realized at the highest level.

You've probably heard about Binance many times in our news headlines, from glowing reviews to accusations of criminal activity. Regardless, the fact remains that Binance is the leader in the world of centralized exchanges. And here's why.

Binance isn't just an exchange. It's a titan standing at the top of the cryptocurrency pyramid. Its influence is undeniable. In 2024, it continues to be the strongest player, offering the best conditions for traders. Binance opens up endless opportunities for traders. Futures, options, and perpetual contracts - are just a part of the wide range of derivatives for various cryptocurrencies. Bitcoin, Ethereum, Binance Coin - name any popular digital currency already available for trading.

The Binance platform is designed with user needs in mind. It's intuitive and has a wide range of features. It's one of the most accessible exchanges with a variety of transaction types and a wide range of tools for traders of all levels, attracting not only experienced Web3 users but also serving as a starting point for users from the Web2 world, creating a constant influx of fresh audience for the exchange.

Binance offers a multi-tiered fee system, ensuring fairness for all users. The maker-taker fee is just 0.10% for regular users in spot trading. The ability to do margin trading increases capital with leverage of up to 10X.

With Binance Futures and Binance Options, traders can transact with settlements in various cryptocurrencies. This provides opportunities for leverage and additional strategies for successful trading.

Binance is not just an exchange. It's a world of possibilities for traders. And when it comes to cryptocurrency derivatives, Binance remains the undisputed leader, a fact our Coinmooner team can confidently confirm after our analysis.

BYBIT

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Coinmooner proudly secures the second spot on the waiting list for Bybit, a top cryptocurrency derivatives exchange! Bybit is known as one of the leading platforms for trading crypto derivatives. Operating under the name Bybit Fintech Limited, it's officially registered in the British Virgin Islands. However, its operational center is in Dubai, UAE, operating as Bybit Fintech FZE.

Although Bybit offers its services globally, there are restrictions. Due to regulatory constraints, people from certain countries, such as the United States, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Mainland China, cannot access the platform.

One of Bybit's advantages is its extensive range of supported cryptocurrencies. With over 100 tokens and more than 300 trading pairs available for spot trading, it caters to a wide range of traders. Notable cryptocurrencies on the platform include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and many more.

Bybit's fees are based on the maker-taker model and depend on the user's tariff level, which ranges from non-VIP to Pro 3. For example, non-VIP users pay maker and taker fees of 0.10% for spot trading, while fees are significantly reduced for Pro 3 users.

Moreover, Bybit allows traders to use leverage and margin trading, with leverage of up to 100X on various cryptocurrency derivative products. These include perpetual contracts for cryptocurrencies such as BTC/USD, ETH/USD, XRP/USD, EOS/USD, etc. Both isolated and cross-margin trading options are available, allowing users to manage their positions. Bybit offers diverse trading options, including inverse perpetual contracts, cryptocurrency futures, cryptocurrency options, and margin tokens, providing traders with diverse strategies and opportunities.

OKX

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One of the leading global cryptocurrency exchanges, OKX, continues to assert its position among the top players in the industry, ranking deservedly among the top 3 exchanges providing cryptocurrency derivatives.

While its popularity might not reach the heights of the two industry giants mentioned earlier, the platform, with its millions of clients worldwide, holds a steady place in the top 10 cryptocurrency exchanges in the global market. OKX offers a wide range of trading instruments, including margin trading, futures, perpetual swaps, and options, and opening opportunities for block trading and investment. Coinmooner team included this exchange in the Top 3 news articles about leading platforms providing cryptocurrency derivatives.

With over 350 cryptocurrencies and support for over 500 trading pairs, including significant tokens like BTC, ETH, and OKB, OKX remains a reliable choice for traders of all experience levels. Based on the maker-taker model, its fee structure ensures transparency and competitiveness for platform users.

Special attention is given to margin trading with leverage up to 10X and derivatives with leverage up to 125X. Thanks to OKX's innovative solutions, traders can confidently explore cryptocurrency options, including BTC, ETH, and others.

Time has shown that OKX is not just an exchange; it's a platform that truly opens doors for innovation and development in the cryptocurrency world and is user-friendly for traders at any level.

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Coinmooner always keeps an eye on changes in the industry's popular and reliable exchanges. In this informational article about the top cryptocurrency derivatives exchanges, we provide you with the most up-to-date information to help you stay informed and make informed decisions. Our experts have analyzed key metrics, allowing you to trust our recommendations. We only offer trustworthy and proven platforms to ensure successful trading for both experienced and novice traders. Our top-3 exchange recommendations will help you narrow down your choices and focus on the most promising platforms. In the rapidly evolving cryptocurrency industry, choosing the right exchange plays a crucial role in trading success. We also remind you of the importance of checking current information from reliable sources and urge caution while using advanced security methods to safeguard your finances in the rapidly changing Web3 industry.

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