Crypto traders buy and sell billions of dollars worth of futures daily on various crypto exchanges. These derivative products, often traded as perpetual instruments, provide high leverage limits and the ability to trade both market directions.

This comparison guide explores the best crypto futures trading platforms. Our strict methodology examines the top futures sites for supported crypto markets, low fees, trading tools, security, available cryptocurrencies, and other key factors that benefit crypto holders.

The Best Crypto Futures Platforms Ranked

These are the best crypto futures trading platforms in 2025, according to our extensive research:

1. CoinFutures – The Overall Best Platform to Trade Simulated Crypto Futures With 1000x Leverage

2. MEXC – A Popular Choice for Trading Perpetual Futures With Low Commission Fees

3. Binance – Trade Delivery Futures Contracts With Three and Six-Month Expiration Dates

4. Margex – No KYC Trading Platform With 100x Leverage on Bitcoin and Popular Altcoins

5. Bybit – High-Volume Derivative Platform With 600+ Supported Cryptocurrencies

6. OKX – Extensive Leverage Trading Ecosystem With Perpetuals, Futures, and Options

7. Coinbase – A Regulated and Safe Futures Exchange for U.S. Retail Clients

Comparing the Top Crypto Futures Exchanges

Here are the best crypto futures platforms compared by key metrics related to trading derivatives:

Best Crypto Futures Trading Platforms Reviewed

This section helps traders decide where to trade crypto futures. Our platform reviews discuss core factors like futures markets, maximum leverage, minimum trade requirements, and safety. Read on to choose the right futures trading site for you.

1. CoinFutures – Trade Simulated Crypto Futures With 1000x Leverage

CoinFutures is our top pick for trading crypto futures in 2025. As the best crypto futures trading platform for beginners and experienced traders, it offers simulated markets that track top digital assets, from Bitcoin and Solana to Ethereum, BNB, and Cardano. Users place “Up” and “Down” trades based on their predicted market direction, allowing them to profit from crypto volatility.

As a simulated futures platform, CoinFutures is popular among beginners for its simple trading system. All you have to do is enter a wager amount of $1 or more and decide whether to go long or short. The software executes trades right away, regardless of platform activity or liquidity depth.

The standout feature is CoinFutures’ leverage framework. Futures trades have a 0.1% margin requirement, which amplifies positions by 1000 times. Users set stop-losses to mitigate liquidation risks, and take-profits to secure trading gains.

Fees work differently from most futures trading platforms, as CoinFutures lets traders choose between a flat fee or a PnL profit commission. The best option depends on the trading strategy and leverage multiple, although the ROI calculator helps users make the right choice.

CoinFutures ranks as a safe and trusted platform, complying with regulations thanks to its parent company, CoinPoker. Launched almost 10 years ago, CoinPoker is the leading Bitcoin poker site with over 50,000 active players. Through CoinPoker, CoinFutures users trade in a regulated space, and their funds are kept safe via Fireblocks vaults and audited proof of reserves.

Opening an account is seamless and private, since CoinFutures does not collect KYC details. Deposit methods include the best cryptocurrencies, as well as debit/credit cards and e-wallets.

• Check out our full CoinFutures review to learn more about this futures trading platform.

Pros

• Trade crypto futures without KYC requirements

• Access leverage of 1000x on all futures markets

• Enjoy flexible trading with long and short predictions

• $1 minimum trade size

• Provides a robust security framework for client safety

• Most withdrawals process instantly

Cons

• Does not support technical indicators

• Traders cannot speculate on delivery futures

2. MEXC - Buy and Sell 900+ Futures Contracts From 0% Commission

MEXC remains one of the largest crypto futures brokers for daily trading volume. It handles several billion dollars each day, providing futures trades with deep liquidity and tight spreads.

The platform offers perpetual futures, which rely on traditional order types but without expiration dates. Over 900 futures markets are listed, including the best meme coins like Pepe, Bonk, and Shiba Inu. MEXC supports linear and inverse contracts, and they settle in USDT or the underlying asset, respectively.

Leverage is available on all crypto futures, with large-cap pairs providing 500x multiples. The exchange reduces leverage limits on markets with weaker liquidity to help traders mitigate risk. The futures dashboard allows full customization, and users deploy drawing tools and technical indicators for real-time analysis.

Research shows that MEXC is one of the best crypto futures trading platforms for low fees. Traders pay just 0.01% per side on limits and 0.04% on markets.

New users register with an email address only and remain anonymous unless they withdraw more than 20,000 USDT daily, or 100,000 USDT monthly.

Pros

• Access over 900 perpetual futures markets

• Choose between linear and inverse contracts

• Pay a maximum futures trading commission of 0.04%

• No KYC when withdrawing under 20,000 USDT daily

Cons

• The platform operates offshore without regulation

• U.S. traders cannot access the exchange

3. Binance - The Best Option for Trading Delivery Crypto Futures With Medium-Term Settlement

Binance is a good option for traders who prefer traditional delivery futures over perpetuals. The tier-one exchange provides quarterly and bi-quarterly contracts for Bitcoin and Ethereum. These futures contracts, unlike perpetuals, do not incur funding fees. Traders may exit positions early, but they can also hold until the contract expiration date. This structure allows Binance users to trade futures with longer-term strategies.

Binance also caters to perpetual traders, with over 530 available markets. You can access the best altcoins, including Sui, Dogecoin, BNB, and Cardano, with leverage up to 125x.

The platform is known for its advanced trading tools, as Binance traders access multiple timeframes, indicators, deep order books, and automated bots. Accessibility includes desktop and mobile trading, ensuring futures traders monitor positions on the move.

Regarding fees, market makers get the lowest trading commissions of 0.018% per side. Takers pay more than double at 0.045%.

Pros

• Trade delivery futures with quarterly and bi-quarterly expirations

• Suitable for entering longer-term futures trades without funding fees

• Also supports over 530 perpetual markets

• The exchange boasts over 283 million users

Cons

• Delivery futures support Bitcoin and Ethereum only

• Restricts leveraged products in the U.S.

• Often relies on third-party gateways for fiat payments

4. Margex - User-Friendly Futures Trading Exchange With No-KYC Accounts

Margex is another crypto leverage platform offering anonymous trading accounts with high withdrawal limits. After users provide an email address and password, they immediately deposit funds and start trading. The exchange accepts instant payment methods, including Visa, MasterCard, and Google/Apple Pay, and offers competitive transaction fees and low account minimums. It also accepts crypto deposits via wallet payments.

Margex traders access over 50 perpetual futures on a user-friendly browser platform or mobile app. Perpetual markets include Bitcoin, Uniswap, Polkadot, Monero, Bitcoin Cash, and other popular altcoins. The maximum leverage is 100x on large-cap markets but 25x or 50x on others.

Features include a copy trading tool, where users replicate the buy and sell positions of an experienced futures trader. Copy trading appeals to beginners who want to trade futures but have little experience or technical knowledge. Margex also has a built-in staking tool, and the staked funds are used as collateral to open new futures trades.

Pros

• 50+ perpetual futures markets with leverage of up to 100x

• Top crypto futures trading app for iOS and Android

• Offers verification-free accounts with high withdrawal limits

• Buy cryptocurrencies instantly with fiat payment methods

Cons

• Does not offer desktop software for Windows or Mac

• Staking APYs are lower than on some platforms

• Operates without a strict licensing framework

5. Bybit - Trade Over 600 Cryptocurrencies via Leveraged Perpetual Futures Contracts

If you're looking for the best crypto futures trading platform for supported markets, Bybit is a top choice. With over 600 perpetual contracts, Bybit provides access to a wide range of digital assets. Alongside market leaders like Bitcoin, XRP, BNB, and Ethereum, users trade volatile meme coins such as Popcat, SPX6900, Brett, and Peanut the Squirrel. Traders also speculate on decentralized finance (DeFi) futures contracts, from Zora and Uniswap to Pendle, Aave, and Ondo.

Most futures markets trade with USDT, although select pairs also support USDC. Platform users also choose between linear and inverse contracts, depending on their risk tolerance and trading goals. Bybit offers leverage of up to 200x on major pairs, but these limits decline when trading more volatile markets.

The exchange's fee structure is competitive and transparent. Traders pay 0.02% or 0.055% per side when placing limit or market orders, respectively. The platform also charges a small 0.05% settlement fee.

Pros

• Gain exposure to over 600 digital assets via leveraged futures contracts

• Supports smaller-cap meme coins with high volatility

• Contract specifications include linear and inverse settlement

Cons

• The charting platform may be overwhelming for beginners

• Bybit is not available in the U.S. or the UK

• Its derivative markets are not approved by any regulators

6. OKX - All-in-One Derivative Trading Platform With Perpetual and Delivery Futures

OKX offers one of the most extensive derivative ecosystems, including a comprehensive range of cryptocurrencies, instruments, and contract types.

Day traders may prefer OKX's perpetual futures market, which covers over 290 digital assets. Users find their favorite coin or token through narrative filters like RWA, AI, meme coins, and Layer 1. Perpetual futures incur funding rates every eight hours, and only longs or shorts are charged.

The next option is delivery futures, with only daily and weekly markets available for Bitcoin and Ethereum. These contracts offer longer-term exposure without funding fees. OKX also supports crypto options for the two market leaders. Seasoned traders access fully-fledged options chains with multiple strike prices and expiration dates, while beginners use the Simple Options tool for an easier trading experience.

OKX's entry-level commission when trading futures via market orders is 0.05% per side. Market makers and those who meet 30-day volume milestones receive lower commissions.

Pros

• Access perpetuals, delivery futures, and options in one safe place

• High-level charting tools with 100+ technical indicators

• Heavily regulated in several global markets

Cons

• U.S. traders can access OKX spot trading but not futures products

• Delivery contracts support daily and weekly expirations only

• Strict onboarding process with enhanced KYC

7. Coinbase - CFTC-Regulated Futures Contracts With 10x Leverage for U.S. Traders

Coinbase is a regulated provider with licenses in multiple jurisdictions and remains one of the safest crypto exchanges in 2025. It recently launched a futures trading crypto platform for U.S. retail clients, making it one of the few options for Americans seeking leveraged products.

The futures are perpetual-style and cover just two markets: Bitcoin and Ethereum. Contracts are priced in USD and have a minimum margin requirement of 10%, reflecting 10x leverage.

Coinbase fees start at 0.02% per futures contract; however, entry-level traders pay higher commissions until they meet the trading minimums. Quotes include clearing and exchange fees; the minimum charge is $0.15 per contract.

Coinbase offers cryptocurrencies, as well as gold and silver futures. These commodity products can be traded in the same trading account with a 20x leverage limit.

While Coinbase has high fees and limited market support, it’s one of the best crypto futures trading platforms in the U.S., particularly for those prioritizing regulation over other factors.

Pros

• U.S. clients trade crypto futures in a regulated environment

• Contracts are priced and settled in USD

• An institutional-grade security framework ensures safety

• A good option for investing in digital assets long-term

Cons

• The maximum leverage limit is 10x

• Just two futures markets are supported

• Commissions are higher than most other futures exchanges

What are Cryptocurrency Futures?

Crypto futures are derivative products that let traders speculate on digital assets without owning them. Perpetual futures, or PERPs, are the most popular contract type. They’re highly accessible and, unlike traditional futures, come without expiration dates. Delivery futures are less common, although some crypto trading platforms support them. These futures instruments have contract settlement dates ranging from one day to one year.

Both perpetual and delivery futures appeal to traders for several key reasons. They enable users to trade cryptocurrencies with leverage, significantly boosting the position value. CoinFutures, for instance, has a minimum margin requirement of 0.1%, which supports leverage of up to 1000x. The result is that a $10 trade amplifies to $10,000 in trading capital.

The best crypto futures exchanges support long and short positions, too. Traders speculate on rising and falling prices, so futures provide greater trading opportunities than traditional investments.

However, as a futures trader, you do not own or control the cryptocurrencies you trade. This drawback means you cannot withdraw coins or tokens to a private wallet or generate yields on DeFi protocols. Crypto futures are suited for short-term strategies, including day, swing, and range trading.

How Does Crypto Futures Trading Work?

When trading crypto futures, you predict crypto price movements through buy or sell orders. The trader places a buy order to go long, as they believe prices will rise. The sell order enables the trader to short-sell cryptocurrencies, allowing them to profit from declining prices.

To enter a trade, futures platforms require upfront margin. Similar to collateral, the exact margin requirements depend on the trade size and the amount of leverage applied. For example, if you trade crypto futures on the CoinFutures platform, you need a margin requirement of just 0.1%. From the trader's perspective, the 0.1% margin system gives them leverage of up to 1000x. This is because for every $100,000 in market exposure, the trader needs just $10 in their margin account.

Once the trader places their futures position, the settlement process depends on the contract type. Perpetual and simulated futures remain open until the platform user exits the trade or it becomes liquidated (more on that later). Traders may also exit delivery futures trades early, but often hold until expiration to achieve longer-term goals.

The key takeaway is that futures provide alternative profit opportunities to traditional investing. You don't own any cryptocurrencies, but control substantially more capital than you can initially afford. In addition to leverage, futures traders speculate long and short, which they cannot do when buying digital assets from a standard exchange.

Crypto Futures vs Options

Crypto futures and options are both derivative products that share some similarities. Traders speculate long or short without asset ownership, and apply leverage to boost market exposure. The key differences between the derivative instruments are contract terms and risk.

Delivery futures have expiration dates, and if the trader holds the contracts when they mature, they must buy or sell the underlying asset at the prevailing price. The best crypto futures trading platforms also use cash settlement, so the user's profit and loss are paid in stablecoins like USDT or USDC, rather than delivering the underlying crypto. Perpetual futures are also usually cash-settled, but unlike delivery futures, they have no expiration date.

Options also expire on a predetermined date, yet the trader is not obligated to buy or sell the asset. They pay an upfront premium to enter the options trade, and if the contracts settle at an unfavorable price, let the options expire, losing only that premium. This makes options less risky than futures, as the potential losses are known in advance.

Although options and delivery futures remain popular choices for some crypto traders, market access is limited. The few platforms offering them typically support only Bitcoin and Ethereum markets, while perpetual futures often extend to hundreds of pairs.

Key Things to Know About Crypto Futures Trading

Crypto futures are less beginner-friendly than spot exchanges, as they require proficiency in trading strategies, chart analysis, and risk management. Nevertheless, learning some best practices helps inexperienced traders avoid unnecessary losses and target profits in a more risk-averse way.

Here's what to know about Bitcoin futures trading before you get started.

Futures Liquidation

All crypto derivatives, including simulated, perpetual, and delivery futures, carry liquidation risks. The simple explanation is that liquidation occurs when the futures position declines by a certain amount. It forces the trading platform to close the trade automatically, and the trader loses their initial margin.

The liquidation risk depends heavily on the amount of leverage you apply. Trading with 100x leverage requires a 1% margin, so liquidation triggers if the futures trade drops 1% in value. A more risk-averse trader may use 5x leverage, which amounts to a 20% margin. That trader has a much lower risk of liquidation, considering the futures trades must decline by 20%.

Funding Fees

In addition to standard trading commissions, simulated and perpetual futures attract funding fees. While the average funding cycle is eight hours, some platforms implement them more frequently. Kraken, for instance, charges funding fees every four hours.

Funding fees ensure futures prices align with spot trading prices and reflect broader market conditions. This mechanism means only longs (buy orders) or shorts (sell orders) incur them. If there are more short orders than long orders, short-sellers pay funding rates to longs (and vice versa).

When you pay funding fees in any given cycle, the platform subtracts them from the margin balance. Just one funding charge can bring you close to the liquidation price, particularly on high-leverage positions.

Avoid Inverse Contracts

Futures platforms often support linear and inverse contracts, and each determines how trades are margined and settled.

Beginners should avoid inverse contracts, as they vastly increase the risk spectrum. With inverse contracts, traders pay margin in the underlying coin or token. If that digital asset fluctuates unfavorably, it may lead to rapid liquidation.

Linear contracts let traders pay a margin and settle trades in stablecoins, reducing the impact of negative price movements.

Bankroll and Risk Management

Widespread crypto liquidations often occur daily, highlighting the enhanced risks of futures trading. Too many liquidations can lead to serious financial losses, and emotional risks like chasing losses and depression.

Trading with a sensible bankroll management plan is essential to protect your capital long-term, especially during volatile cycles and extended losing runs. The strategy ensures you only risk a certain percentage of the overall account balance, such as 1% or 2% per trade. As you become more successful and build your trading balance, your position sizes increase accordingly. Conversely, bankroll management reduces the trade size if the balance declines.

Experts also recommend placing stop-loss orders when trading crypto futures. They mitigate liquidation risks because trades close before the margin call. The trader still makes a loss, but they avoid losing the entire margin amount.

What is a Margin Call in Crypto Futures?

Most exchanges send margin calls to traders when their futures position approaches the liquidation price. It’s not a real telephone call, as platforms usually send them via on-screen notifications and emails.

Margin calls give traders the opportunity to add additional funds to the margin account. This provides them with a wider buffer against liquidation, yet it also increases the potential financial losses. Using stop-losses is the best practice to avoid or reduce liquidation risks.

What are the Benefits of Trading Crypto Futures?

Futures provide several advantages compared to regular crypto trading, including:

• High Leverage: Whether you're trading simulated, perpetual, or delivery contracts, crypto futures provide high leverage limits. This benefit allows traders to buy and sell futures contracts with more than they can afford.

• Long or Short: While regular crypto trading supports long positions only, futures also allow short-selling. Traders profit from falling crypto prices, providing opportunities even during sideways or bearish market cycles.

• Low-Margin Strategies: Making money from low-margin strategies like high-frequency trading or scalping is challenging without significant upfront capital. Due to their high leverage features, crypto futures turn marginal profits into huge gains.

• Hedging: Risk-averse traders hedge their positions during uncertain or overly volatile market conditions. Crypto futures are ideal for this strategy. Traders short-sell cryptocurrencies to protect their portfolio values, eliminating the need to dispose of assets and potentially face capital gains taxes.

• High Liquidity: The best crypto futures trading platforms offer deep liquidity on major markets. Traders enter and exit trades with tight spreads and low slippage risks, ensuring smooth trading experiences 24/7.

Pros & Cons of Crypto Futures Trading

Summarized below are the pros and cons of trading crypto futures:

Pros

• Futures traders gain exposure to cryptocurrencies with low margin requirements.

• Depending on the platform, futures amplify trade values by up to 1000x.

• Futures support long and short trading.

• Contract choices include simulated, perpetual, and delivery futures.

• Some exchanges offer hundreds of futures markets.

• Traders often access crypto futures without needing to complete KYC verification.

• Billions of dollars worth of futures change hands daily to ensure deep liquidity.

Cons

• Like all derivatives, you don't own cryptocurrencies when trading futures.

• Futures trading doesn't suit long-term investors.

• Funding fee cycles eat away at potential profits.

• Some countries prohibit leveraged crypto products.

• Liquidation results in traders losing their entire upfront margin.

How to Trade Crypto Futures

This section explains how to buy and sell crypto futures on CoinFutures. Research shows that CoinFutures is one of the best 1000x crypto leverage trading platforms, and key features include instant payments, robust security, and anonymous accounts. Read on to get started in under five minutes.

Step 1: Open an Account and Download CoinPoker

Visit the CoinFutures website and open an account. As a no-KYC provider, new customers simply provide an email address, nickname, and password.

You need the CoinPoker software or mobile app to access CoinFutures. Download CoinPoker to your preferred device and operating system. Once installed, open the CoinPoker interface and enter your login credentials.

Step 2: Deposit Crypto or Fiat

The trading platform accepts popular cryptocurrencies without minimum deposit requirements. Choose the crypto you want to deposit and transfer funds to the wallet address provided.

Use the fiat option to deposit local currency. Visa, MasterCard, Google/Apple Pay, and other common payment types are available.

Step 3: Choose a Simulated Futures Market

CoinFutures offers large-cap futures markets like BTC/USDT, ETH/USDT, and BNB/USDT.

Click "Crypto Futures" and choose your preferred pair from the list of options.

Step 4: Enter Direction, Wager, and Leverage Multiple

Fill out the trading form to the right of the chart.

The wager reflects your total stake and functions like an upfront margin. This means you lose the wager amount if the trade hits the liquidation price (the "bust price" on CoinFutures).

Use the slider or manually type in the required leverage multiple. CoinFutures allows any amount from 1x to 1000x. Evaluate the bust price as you increase or decrease the leverage.

While not mandatory, CoinFutures also supports stop-losses. This risk management tool helps traders avoid liquidation.

Click "Auto" and enter a stop-loss price above or below the liquidation price, depending on the market direction.

Double-check the trading parameters, and when you're ready, place the futures trade.

Ultimately, crypto futures trading provides both profit opportunities and risks. Traders must develop short-term trading strategies, create bankroll and risk management plans, and conduct adequate research before entering trades.

Research shows that the best crypto futures trading platform is CoinFutures, thanks to its 1000x leverage, long and short positions, and no-KYC experience. CoinFutures is licensed and safe, and publishes audited proof of reserves for enhanced transparency. Traders and crypto gamblers looking to bet on simulated crypto futures with leverage won't go wrong with CoinFutures.