Crypto futures trading platforms outlook for 2022

Futures trading has become a popular product among cryptocurrency traders in recent years. Unlike spot trading, derivatives trading is highly demanded and requires much more attention to detail from users. Using the right platform and improving your trading skillset is something that will lead to improving your chances of success in the market. 

What separates futures trading from standard trading methods is that users are trading with leverage (borrowed funds). Leverage trading is generally considered risky, which is true because if you are to make a loss, then you have to pay the exchange back with interest. 

Cryptocurrency futures trading requires users to focus on timing, patience, skillset, and understanding your exchange platform. Without these skills, you’ll put yourself at risk of losing funds. As such, we’d strongly advise choosing an exchange that offers advanced trading tools, high liquidity, a seamless interface, and a manageable fee structure. 

ByBit

This Singapore-based cryptocurrency platform offers some of the complete futures options in the industry. Bybit is one of the pioneers for futures products in the crypto space, pushing participation forward throughout the crypto space at large. 

As one of the fastest-growing crypto derivatives platforms, it boasts 6 million users worldwide. The exchange offers various futures markets with a variety of supported coins, including Bybit Bitcoin trading options. To make it easier for our readers, here is a breakdown of the three futures markets:

• Inverse Perpetual Futures (BTCUSD, ETHUSD, XRPUSD, EOSUSD)

• Linear Perpetual Contracts  (BTCUSDT, ETHUSDT, BCHLINK, LINKUSDT, LTCUSDT, XTZUSDT, ADAUSDT, DOTUSDT, UNIUSDT)

• Inverse Futures Contract (BTCUSD quarterly)

Users can access maximum leverage of up to 100X on BTCUSD and BTCUSDT contracts, with up to 50X on the other futures options listed above. ByBit also offers a tremendous smart trading system, which caters to the more experienced trader who carries out a high volume of transactions. In terms of fees, Bybit users will pay a maker rebate of 0.025% and incur a take fee of 0.075%. 

PrimeXBT

Seychelles-based exchange PrimeXBT is a real fan favorite, offering award-winning Bitcoin futures trading options and commanding a global audience of users. The firm has focused on building an advanced trading infrastructure, available via an innovative platform for mobile and desktop.

The exchange has been operating since 2018 and offers excellent cryptocurrency margin trading features. These products provide a maximum leverage of up to 100X, with a minimum order size on the platform of 0.001BTC. These products are supported with the following cryptocurrencies: 

• Bitcoin (BTC)

• Ethereum (ETH)

• Litecoin (LTC)

• Ripple (XRP)

• EOSIO (EOS)

The exchange offers high market liquidity and has a rapid order execution speed of less than 7.12ms. Another feature we should mention is the copy trading platform, known as “Covesting platform”, with some of the industry’s best traders offering customers the chance to copy their futures transactions. Regarding fees, PrimeXBT users pay a flat fee structure of 0.05% on all trades.

FTX

First going online back in 2019, FTX has become the second biggest exchange by trading volume, recently overtaking the American crypto giant Coinbase. FTX users can access a range of futures trading options, with up to 150 perpetual and quarterly futures, leverage tokens, and BTC options, all with leverage up to 101X.

FTX is incubated by Alameda Research, a top-tier liquidity provider, funded by Binance, Bitfinex, Circle, FGB Capital, and many other big names. All the platform’s future contracts are settled in the following ways, USD, flexible collateral, cross-margin, subaccounts, and using a robust risk management framework.

FTX has a unique fee structure. The firm lays out fees based on the last 30-day trading volume and divides them into six levels. The fee layers are as follows:

• Tier 1 - > $0 (30D volume) - Make fees 0.020% - Take Fees 0.070%.

• Tier 2 - > $2,000,000 (30D volume) - Make fees 0.015% - Take Fees 0.060%. 

• Tier 3 - > $5,000,000 (30D volume) - Make fees 0.010% - Take Fees 0.055%. 

• Tier 4 - > $10,000,000 (30D volume) - Make fees 0.005% - Take Fees 0.050%. 

• Tier 5 - > $25,000,000 (30D volume) - Make fees - Take Fees 0.045%. 

• Tier 6 - > $50,000,000 (30D volume) - Make fees 0.000% - Take Fees 0.040%.