If you are interested in trading cryptocurrencies, you might want to consider trading on one of the top cryptocurrency derivatives exchanges. Binance, BitMEX, and BaseFEX are among the top choices. These exchanges have a variety of products that cater to different types of traders. They also have a high volume of trades.
By bit Top Cryptocurrency
By bit is an exchange that facilitates trading with cryptocurrencies and digital assets. The site offers both short and long positions. Users can exchange one asset for another on the site for a flat fee of 0.0005 BTC or $3.50. The service charges a fee for each trade and funds accounts every eight hours.
Users can store and trade cryptocurrencies on the site using a QR code. The exchange is secure, so users should feel comfortable trading with it. It is not possible to lose your money on the exchange. Unlike other exchanges, By bit doesn’t charge fees for storing cryptocurrencies on its platform. It also allows users to store BTCUSD Perpetual and XRP.
By bit also offers various trading tools. Users can trade BTC, ETH, and EOS with the use of trailing stops and other features. The platform also offers free educational content and 24/7 support.
Binance
Binance is a cryptocurrency derivatives exchange that allows users to trade on non-stablecoin cryptocurrencies. These derivatives give users a way to speculate on cryptocurrency prices without putting up much capital. The site supports both traditional futures and perpetual contracts. Futures allow users to buy bitcoin at a pre-determined price in the future. Perpetual contracts allow users to take a position without risking liquidation.
Binance’s proprietary trading tokens are BUSD and BNB. Both have performed well in the past and offer low fees. Traders can also benefit from the company’s advanced trading interface. It also offers margin and derivatives options, and OTC trading.
BitMEX
The BitMEX cryptocurrency derivatives exchange is a cryptocurrency exchange based in the United States. It was established in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed. Their initial funding was provided by family and friends. In July 2015, they closed a SAFE round of investment. In the same month, they were accepted into the SOSV batch 8 accelerator program in China. They were also given a grace period to close their positions and withdraw their funds.
The exchange does not accept fiat currencies and does not accept stablecoins (cryptocurrencies pegged to a fiat currency). Users deposit funds via on-chain transactions on the Bitcoin network and all customer withdrawals are processed in Bitcoin on-ledger. This is essential from a regulatory perspective, as it means that users never have to convert their holdings into fiat.
BaseFEX Top Cryptocurrency
One of the best things about BaseFEX is its user-friendly platform, low trading fees, and high leverage. It also boasts strong trading risk management systems. Even experienced traders can easily navigate the BaseFEX platform and execute their trades with ease. However, before you start making any trades, you must make sure that you are familiar with the exchange’s policies and procedures.
BaseFEX is a cryptocurrency derivatives exchange based in the Republic of Seychelles. It is backed by leading crypto venture capital firms. It provides a secure platform for trading in crypto derivatives and perpetual contracts. The exchange has a high safety standard and stores 100% of its user’s funds in a multi-sig cold wallet system. Moreover, it supports multiple languages and is accessible to clients from all over the world.
FairFX
Coinbase recently acquired the operator of one of the top cryptocurrency derivatives exchanges, FairFX. FairFX was one of the first platforms to offer crypto derivatives to US market customers. Its platform has an easy-to-use interface and offers smaller futures for individual investors. It also provides clearing services.
Coinbase’s decision to acquire FairFX is an example of its desire to diversify its offerings. Cryptocurrency derivatives are increasingly attractive to institutional investors, with volumes topping $3.3 trillion in November, accounting for 55% of the total crypto market. But investors must balance the lingering risks of this new industry with the enticing prospect of fast gains.
