Question 1

What is a crypto derivatives exchange?

Accepted Answer

A crypto derivatives exchange lets you trade contracts whose value is derived from an underlying asset like Bitcoin, rather than buying the coin itself. The most common products are perpetual futures and dated futures, which let you go long or short with leverage.

Question 2

What are perpetual futures?

Accepted Answer

Perpetual futures are leveraged contracts with no expiry date, so a position can stay open indefinitely. A periodic funding rate keeps the contract price aligned with the underlying spot market, and that funding cost adds to your fees on longer-held positions. For the on-chain equivalent, see our perpetual DEX comparison.

Question 3

What are the top crypto derivatives exchanges globally?

Accepted Answer

By 24-hour trading volume, the largest crypto derivatives exchanges right now are Binance, BTCC, and Tapbit. By user base, Binance leads with about 332M users, followed by Crypto.com Exchange (150M) and Bitget (120M). Beginners usually start with the largest, most liquid platforms; active traders also weigh fees and features.

Question 4

Which crypto derivatives exchange has the lowest futures trading fees?

Accepted Answer

Based on our data, KCEX and MEXC currently offer 0.00% futures maker fees. The industry average hovers around 0.02% for futures makers and 0.05% for futures takers.

Question 5

How does leverage and liquidation work?

Accepted Answer

Leverage lets you control a larger position with a smaller deposit, which amplifies both gains and losses. If the market moves against you past a threshold, the exchange liquidates your position to cover the borrowed funds. Start with low leverage and always set a stop-loss.

Question 6

What's the difference between derivatives and spot trading?

Accepted Answer

Spot trading means buying and owning the actual coin. Derivatives trading means taking a leveraged position on price direction without owning the asset, letting you profit from both rising and falling markets, at the cost of funding fees and liquidation risk.

Question 7

How is this page maintained and updated?

Accepted Answer

Data that can be tracked live, like trading volume and open interest, comes from CoinGecko and other APIs. For everything else, our team regularly checks the platforms firsthand using real accounts.

Name	▲24H Volume	▲Open Interest	▲Futures Maker Fee	▲Futures Taker Fee	▲RankFi Discount	▲Welcome Bonus	Website
Binance	$28.4B	$34.0B	0.02%	0.05%	10%	$100	Trade
OKX	$11.2B	$7.82B	0.02%	0.05%	5%	N/A	Trade
CoinW	$10.0B	$13.5B	0.02%	0.06%	N/A	$12,000	Trade
WEEX	$9.67B	$12.4B	0.02%	0.08%	50%	$10,000	Trade
KCEX	$8.68B	$730M	0%	0.01%	N/A	$19	Trade
Bybit	$7.11B	$14.1B	0.02%	0.055%	N/A	$30,000	Trade
MEXC	$6.28B	$12.8B	0%	0.02%	10%	$10,000	Trade
Gate.com	$5.57B	$13.9B	0.02%	0.05%	10%	$10,000	Trade
XT.com	$5.15B	$6.97B	0.02%	0.06%	4%	$8,888	Trade
BingX	$4.60B	$2.80B	0.02%	0.05%	10%	$10,800	Trade
WhiteBIT	$4.47B	$5.07B	0.01%	0.055%	N/A	$0	Trade
LBank	$4.12B	$3.58B	0.02%	0.06%	10%	$10,000	Trade
Bitget	$3.64B	$8.74B	0.02%	0.06%	10%	$6,200	Trade
Bitunix	$2.51B	$1.54B	0.02%	0.06%	10%	$10,000	Trade
KuCoin	$1.65B	$3.36B	0.02%	0.06%	10%	$10,650	Trade
Bitrue	$1.27B	$1.70B	0.02%	0.06%	N/A	$6,752	Trade
Phemex	$549M	$2.26B	0.01%	0.06%	N/A	$15,000	Trade
BloFin	$400M	$1.08B	0.02%	0.06%	10%	$1,000	Trade
BYDFi	$172M	$106M	0.02%	0.06%	5%	$8,100	Trade
Gemini	$430K	$2.85M	0.02%	0.07%	N/A	N/A	Trade
Kraken Pro	N/A	N/A	0.02%	0.05%	N/A	N/A	Trade
Margex	N/A	N/A	0.019%	0.06%	N/A	$10,000	Trade
BTCC	N/A	N/A	0.03%	0.055%	N/A	$30,000	Trade
HTX	N/A	N/A	0.02%	0.06%	N/A	$4,500	Trade
Tapbit	N/A	N/A	0.02%	0.06%	10%	$4,000	Trade

Crypto Derivatives Exchanges

Top Picks

Insights

Volume Market Share

Questions, answered.

We Test Exchanges So You Don't Have To.

Crypto Derivatives Exchanges

Top Picks

Insights

Volume Market Share

Questions, answered.

01What is a crypto derivatives exchange?

02What are perpetual futures?

03What are the top crypto derivatives exchanges globally?

04Which crypto derivatives exchange has the lowest futures trading fees?

05How does leverage and liquidation work?

06What's the difference between derivatives and spot trading?

07How is this page maintained and updated?

We Test Exchanges So You Don't Have To.