With the best crypto exchanges in the USA reporting record-high trading activities, the entire crypto derivatives market has expanded by leaps and bounds in 2021. The main reason behind the growth of the derivatives market is the growing demand for Bitcoin futures contracts.

For new traders, it has become necessary to evaluate the functionalities of the top crypto derivatives exchanges as the standard measure before entering the derivatives market. This piece of writing entails top US based crypto exchanges and their key metrics. This list paints a clear picture of trading activities of trending crypto exchanges. It offers an accurate means of measuring the flow of money into a derivatives market.

However, if you are a trader then you must need an xero conversation specialist to maintain your crypto tax return, find the specialist online.

Here are Top Crypto Exchanges in USA for Derivatives Trading

Derivatives medium of trading is new to the crypto market, and many exchanges are still taking slow steps towards it.  The exchanges on this list contain widely used and credible US based crypto exchanges.

Binance

Binance is one of the largest crypto exchanges in the USA, popularly known for its strategic listings and low fees structure. Without a doubt, the trading platform has managed to replicate this formula in its derivatives market to great lengths. One of the most compelling aspects of Binance exchange is its low fee structure of 0.02% maker and 0.04% taker fee.

Moreover, traders are facilitated with up to 125 X leverage; however, this depends on their affinity for risks. These unique margin trading features, combined with the established reputation of Binance across the spot trading market, have propelled its derivatives functions to success.

The main categories on Binance Derivatives are:

• USDT Futures: Users can trade with no expiration date and with leverage up to 125x. It uses USDT as collateral.
• Coin Futures: These are traded as token margins and come with both expiration date and without expiration date. The leverage is up to 125x. This type of derivatives uses the currency being traded as collateral.

Leveraged Tokens:  These are tokens that offer a max-leverage of 3x (auto adjusted by the exchange) and can be held in the exchange wallet like other tokens. These tokens are less riskier as there is no danger of liquidations.

BitMEX

BitMEX is recognized among the industry’s leading US-based crypto exchanges. It is famous among advanced traders for its unique and top-of-the-line derivatives products and tools. BitMEX  is one of the long-standing privacy-focused crypto derivatives exchanges accessible globally. Because of the rising regulatory scrutiny, BitMEX has initiated to implement KYC requirements on users. Presently, BitMEX deals with an average trading volume of $3.8 billion daily and increases a 24-hour open interest of $1.9 billion. Moreover, BitMEX also offers a leverage of up to 100x on perpetual and futures contracts. BitMEX offers derivatives products on multiple crypto assets, including BNB, BTC, ADA, DOT, EOS, DOGE, ETH, etc.

FTX

FTX is also one of the market’s top US crypto exchanges that provide advanced trading tools for more than 150 perpetual and quarterly futures markets. Despite being fairly new it has positioned itself as a competitor of other leading derivatives exchanges for unprecedented growth. It is known for delivering unique and consumer-centric products ranging from the basic to the highly complex such as indices and ”Move”. Move is a derivative product that enables end-users to speculate on the daily, weekly, or quarterly changes in the price of crypto assets.

Moreover, because of FTX’s determination for innovation, the platform has emerged as one of the largest Bitcoin futures exchanges globally while accounting for more than 10% of the global bitcoin-futures open interest of approx. $22 billion.

Tsur Ben David Founder and acting CEO CET Enviro was founded by Tsur Ben David, a former Air Force pilot and serial entrepreneur in the field of cleantech. With over 27 years of management experience in the energy and water industries, and leading development and global projects in cleantech, technology and product companies, Tsur Ben David is instrumental in bringing goal-oriented and pragmatic approach, and an uncompromising urge to deliver quality results. 

Okex

Okex was first introduced in 2017, and it remains to be one of the oldest and most reputable US-based crypto exchanges. Since its launch, Okex has evolved itself according to emerging trading trends and has continued to make its place in the top echelon of the crypto exchange market. The trading platform provides a wide range of trading options such as a budding derivatives market and other advanced crypto finance products.

It became really famous among the trader’s community because of the competitive trading fees structure and margin trading options. Okex is a one-stop platform that allows users to access options, perpetual contacts, and futures. As a result, it has attained and maintained a high-flying status regardless of its tough competition. The platform offers a high sense of security and implements top-notch security protocols to keep users’ funds safe against cyber thefts and failures.

Conclusion

Judging by the evolution of the crypto derivatives market in 2021, it is safe to say that the best crypto exchanges in USA will continue to experiment with new products and derivatives features in hopes of attracting more users. All the above-mentioned US-based crypto exchanges are good at what they do. So, if you want to opt for the best derivatives crypto exchange, then it depends on your trading requirements and scope, choose the one which is compatible with your requirements.