10 Best Crypto Futures Trading Platforms 2025

If you’re looking to trade crypto futures, our experts recommend that you start with MEXC, Binance, or OKX. MEXC stands out for its deep selection of altcoin futures and low fees, Binance brings unmatched liquidity and advanced trading features, and OKX offers a sleek interface with powerful tools for both beginners and pros.

Crypto futures let you speculate on the price of digital assets without actually owning them. With these high-stakes predictions comes the option to trade using leverage. In this guide, we’ll walk you through the definition of crypto futures, how they compare to spot trading, and why the platforms above are leading the pack.

Reviewing the Top Crypto Futures Trading Sites

The following sections will give you brief yet comprehensive reviews of our top 10 crypto futures trading platforms. We reviewed each site similarly, and each analysis provides largely the same type of information, making it easier for you to compare them.

1. MEXC: Overall Best Crypto Futures Trading Platform

MEXC is our top pick for a good reason. It covers a robust set of USDT-margined and Coin-margined perpetual futures, and offers very high leverage of up to 200x on select pairs. On BTC and ETH, you can get as much as 500x on occasion.

The brand is well-suited for advanced traders, offering a range of advanced trading tools, including grid trading bots and copy trading, as we explore in more detail in our Best Crypto Copy Trading Platforms guide. That said, beginners will need some time to adjust.

Lastly, it’s essential to note that as one of the top crypto exchanges, MEXC occasionally publishes proof of reserves to ensure traders are aware that their funds are backed up.

Pros:

• Up to 200x leverage
• More than 700 futures markets
• Both USDT and Coin-margined contracts
• 0% maker and 0.02% taker fees

Cons:

• Steep learning curve for beginners

Visit MEXC

2. Binance: High Liquidity Platform With Over 250 Futures Trading Pairs

Binance is the global leader among cryptocurrency exchanges, as it’s the largest platform by trading volume. It excels in futures trading as well, offering more than 250 pairs and leverage of up to 125x on major pairs.

You’ll find a good deal of perpetual, quarterly, and bi-quarterly futures contracts. Most options will be USDT-margined, USDC-margined, and Coin-margined.

The fee structure varies depending on the cryptocurrency in which the futures are margined and your VIP level. For contracts settled in a cryptocurrency like BTC or ETH, makers pay 0.02% and takers pay 0.05% at the start, but the fees get progressively lower the higher your VIP level. You can also get discounts by holding Binance Coin (BNB).

Pros:

• High selection of trading pairs
• A competitive fee structure
• High leverage on several major pairs
• Over 250 trading pairs

Cons:

• Overwhelming amount of information

Visit Binance

3. OKX: Benefit From Many Perpetual Swaps and Leverage of Up to 125x

Often counted among the best peer-to-peer (P2P) crypto exchanges, OKX is another high-liquidity crypto exchange that offers a great diversity of futures trading opportunities. It excels with perpetual futures, which can be margined and settled in USDT or the underlying cryptocurrency.

Futures contracts offer up to 125x leverage on pairs such as BTC/USDT, ETH/USDT, and other major pairs. You can choose between at least 300 trading pairs.

Fees are fairly standard: 0.05% for takers and 0.02% for makers. However, the costs decrease progressively as your VIP level increases. VIP tiers are determined by the total assets you have or your 30-day trading volume in USD.

Pros:

• Over 300 futures trading pairs
• Up to 125x leverage on major pairs
• Trading bots and copy trading
• Demo account available for futures trading

Cons:

• KYC required for most features
• Customer support could be better

Visit OKX

4. CoinEx: User-Friendly Trading Platform Offering a Futures Calculator

CoinEx is a highly user-friendly crypto trading platform that lets you buy crypto, trade it, and trade futures contracts, among many other services, like staking and compound interest earning through a CoinEx Financial Account.

The site supports around 1,400 cryptos and 2,000 markets, while the max leverage on major futures trading pairs is 100x. CoinEx predominantly focuses on USDT-margined and Coin-margined futures contracts, which are primarily perpetual contracts.

Futures fees start at 0.03% for makers and 0.05% for takers, but can get significantly lower depending on your VIP and Market Making levels.

Pros:

• Around 1,400 cryptocurrencies supported
• No mandatory KYC for basic trading
• Quality copy trading feature
• Added financial services like loans and staking

Cons:

• Low liquidity on certain pairs
• CET token discounts not available on futures

Visit CoinEx

5. BloFin: Trade Over 450 Futures Pairs and Get Up to 150x Leverage

BloFin is a growing cryptocurrency exchange that focuses on both spot and futures trading, while offering a variety of promotions and staking options for USDT, ETH, and BTC.

Cryptocurrency futures trading encompasses USDT-margined perpetual contracts and leverage of up to 150x on select top trading pairs, such as those involving Bitcoin and Ethereum. The platform features a Unified Trading Account function that allows you to manage both spot and futures positions through a single interface.

Futures fees start at 0.02% for makers and 0.06% for takers, but can get as low as 0.0% and 0.035%, respectively, through the highest VIP level.

Pros:

• Over 450 trading pairs
• Up to 150x leverage
• Unified Trading Account function
• Constant promotions

Cons:

• Relatively untested brand

Visit BloFin

6. Kraken: Reputable Exchange Offering a Unified Desktop Trading App

Kraken is a reputable cryptocurrency exchange that has been on the market since the early days of cryptocurrency, dating back to 2011. It’s reliable, secure, and offers a robust trading platform for futures contracts that’s regulated by the UK’s Financial Conduct Authority.

You get to trade perpetual, fixed maturity, and multi-collateral futures. Fixed maturity contracts have fixed expiry dates, while multi-collateral lets you use a wide range of cryptocurrencies as collateral. The only downside is that maximum leverage goes up to 50x.

Users can trade both online and through Kraken’s desktop platform, which is highly customizable and supports use on several windows.

Pros:

• Highly reputable platform
• Multi-collateral margining
• Great customer support
• Highly transparent

Cons:

• Low max leverage
• Fewer trading pairs

Visit Kraken

7. KCEX: Trade Futures With 0% Maker and Only 0.01% Taker Fees

KCEX is relatively new, but it has been growing quickly thanks to its comprehensive set of services, a user-friendly platform, and especially its low fees. It charges no fees on spot trading, and only takers pay a modest 0.01% fee on futures. The brand even goes so far as to offer zero withdrawal fees in its special events.

You get to primarily trade perpetual futures, and they are typically USDT-margined. The maximum leverage goes up to 100x, and the site has over 700 trading pairs.

Pros:

• 0.1% taker fee on futures
• Several signup bonuses
• No mandatory KYC on basic trading

Cons:

• Untested and relatively new platform
• Low liquidity on less common pairs

Visit KCEX

8. BingX: Copy Trading Feature With Over 20,000 Elite Traders to Copy

BingX is primarily known as a copy and social trading crypto platform where you can follow and replicate trades from over 20,000 traders. The best ones are also ranked on leaderboards, making it easier to find the trades with the most potential.

As for futures trading, the site primarily focuses on perpetuals, which are either USDT- or cryptocurrency-margined. There are also standard futures with fixed end dates and special Futures Kickoffs that follow trending and meme tokens. The maximum leverage you can get on one of the best no-KYC exchanges is 150x.

Pros:

• Over 700 cryptos and 250 trading pairs
• Vast network with elite traders to copy
• 150x leverage on major pairs
• Demo trading account and educational resources

Cons:

• Customer support could be more responsive
• Potentially overwhelming for beginners

Visit BingX

9. PrimeXBT: Futures Trading Platform Offering Up to 200x Leverage

PrimeXBT is a versatile trading platform that allows you to trade various financial instruments, not just cryptocurrencies. This includes forex, commodities, and stock indices. The main attraction is high leverage. You can get up to 200x leverage on crypto futures and up to 1,000x on forex, while some commodities and indices get up to 500x.

Besides crypto futures that are primarily perpetual swaps, you also get crypto CFDs or crypto contracts for differences, where you don’t have to have crypto at all to trade them.

The site supports around 40 cryptocurrencies, resulting in fewer trading pairs than on other platforms. The fees are somewhat lower, typically 0.01% for makers and 0.045% for takers.

Pros:

• Access to markets outside of crypto
• Advanced copy trading
• 200x leverage on crypto
• Use crypto to margin other trades

Cons:

• CFDs can be very risky
• Complex for beginners

Visit PrimeXBT

10. Pionex: Offers Trading Bots Like Grid for Futures Trading

Pionex has positioned itself as a brand offering a wide range of free trading bots.

It offers over 16 bots, including Futures Grid, Signal Bot, and Cross Margin Futures Grids, while it primarily focuses on perpetual futures contracts. Specifically, these are margined and settled in either USDT or the underlying cryptocurrency. Maximum leverage can be up to 125x.

The fee structure is similar to that of the rest of the market. There are no hidden fees on trading bots.

Pros:

• Diverse range of free futures trading bots
• High liquidity on most pairs
• User-friendly with automation features

Cons:

• High focus on bots
• Relies on others for liquidity

Important note: Pionex Futures are not available in the US.

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What Is Crypto Futures Trading and How Does It Work?

Cryptocurrency futures are a type of crypto derivatives contract where you effectively bet on a crypto asset’s future price without holding the asset itself. Consequently, you get higher exposure to the market without having to invest a significant sum of your own.

This makes them very similar to standard futures contracts, which track the prices of financial assets or commodities.

A crypto futures contract specifies that the platform must deliver the fiat value of a crypto to the trader on a specific future date, based on the predetermined value specified in the contract.

Moreover, the crypto futures contract not only allows you to bet on the price of one unit of the crypto, but also on more of it. This is called the leverage, and that number tells you by how much your position rises. If the leverage is 10x, your contract is 10x the capital. Leverage is effectively the money you borrow to keep the position open.

To help you fully understand how all of this works, we’ll need to use an example:

Example of a Futures Contract for Ethereum

Let’s say that Ethereum is, at the time of writing, priced at $2,400. Based on your experience and knowledge, you predict that the price will rise in the next month. ETH is expensive, and you don’t have the coins themselves, but you want to bet on its price reaching $2,500.

On a crypto trading platform, you decide to take up an Ethereum futures contract, stating that this will happen. The contract is for 10 ETH, and it will be settled within a month.

By committing to the contract, you only pay the required margin, which is the minimum amount needed to open the position. For instance, it’s 2% in our case, i.e., 2% of the contract’s value. Since the contract’s value is $24,000 (10 ETH worth $2,400 each), the margin is $480. That’s all you need to invest upfront, and you don’t pay for the whole 10 ETH in fiat, and you don’t hold any ETH.

You only need to hold a specific amount in your balance, a maintenance margin used to prove that you can settle your obligations to the platform if the contract doesn’t go in your favor. The maintenance margin is typically a specific percentage of the contract’s value, like 1%, for example. In this case, you’ll need to have 1% of $24,000, which is $240.

With all of that in mind, here are the two outcomes you can get on crypto futures trading platforms:

• Positive outcome: The price increases to $2,600 in one month. Your profit will be the market price of ETH minus the contract price times the amount of crypto covered. In other words, your profit is $26,000 – $24,000 = $2,000.
• Negative outcome: The price drops to $2,300 in one month. The calculation remains the same, but the result we get is negative. In other words, $23,000 – $24,000 = -$1,000. In reality, you wouldn’t lose this much because the maintenance margin is much lower, set to $240. You’ll get a margin call as soon as your initial equity, $480 in this case, drops below $240. You’ll need to deposit more, or the position will close.

Crypto Futures Trading vs. Spot Crypto Trading

The main difference between crypto futures trading and spot crypto trading is that the former doesn’t require you to own the crypto you’re trading, while the latter does. This also means that there is leverage with spot trading, which requires you to invest the crypto you have, rather than using borrowed funds.

Due to all of this, spot crypto trading is generally lower risk, but the profits are also lower as they come from price appreciation. At the same time, futures are the exact opposite; i.e., the risk is much higher, but the profits are much higher as well.

Crypto futures are more complex due to their intricate features, such as margins and leverage, whereas crypto spot trading is relatively simple.

However, you can use crypto futures to hedge against the price volatility of the crypto you’re actually holding. Moreover, you can short sell, which isn’t possible with spot crypto trading.

All in all, spot trading is more reserved for beginners, long-term investors who believe in the value of crypto, investors with low risk tolerance, and people who want to control the crypto they’re trading.

Altcoin and Bitcoin futures trading is better suited for advanced traders, short-term speculators, traders interested in leveraging their positions, and investors who want to hedge their cryptocurrency holdings.

Pros & Cons of Trading Crypto Futures

To understand if crypto futures trading is for you, here are its advantages and disadvantages, starting with the former:

• Leverage: This is the main advantage for many. It allows you to manage a large contract with minimal investment of your funds. The leverage can go up to 200x in some cases, which can lead to massive profit on your initial margin.
• Chance to go long and short: With futures, you can profit from the price of a crypto going up and down, depending on the type of contract you’ve invested in.
• Hedging against volatility: Since you can go both long and short, you can effectively hedge against the potential price decline of a cryptocurrency you actually hold by going short, effectively offsetting volatility-induced losses.

And here are the main disadvantages:

• High risk from leverage: The higher the leverage, the higher the potential profits; however, this also increases risk. Depending on what the maintenance margin is, you can potentially lose significant funds.
• Overly complex: As you’ve seen from our long explanations, crypto futures are very complex types of trades. We haven’t even explained everything as the topic requires a much, much longer guide. You need to understand every element before jumping into it.
• You don’t own the asset: If you’re a big believer in crypto, you won’t like the fact that you don’t own the assets you’re trading through futures contracts. That means you can’t use it in staking or anything else that crypto allows for.

How to Pick a Crypto Futures Trading Platform

When choosing a crypto futures trading platform, it’s essential to focus on reputable exchanges, like those mentioned in this article.

Evaluate each platform using consistent criteria. Start by examining their security protocols and whether they provide proof of reserves, which signals transparency and trustworthiness.

Consider the range of supported cryptocurrencies and trading pairs. The more options available, the better your trading flexibility. Also, assess the leverage offered. If you’re comfortable with the risks, a platform with higher maximum leverage might suit your strategy.

Review the types of contracts available, especially perpetual futures, which are among the most commonly traded.

Check the fee structure to ensure it’s competitive and not above the industry average. Also, pay attention to the trading tools and features provided. A quality platform should offer a user-friendly interface, multiple order types, a mobile app, and advanced charting capabilities.

How to Trade Crypto Futures

To start crypto trading with futures, here’s what you need to do using MEXC as an example:

1. Register an account. Visit the official MEXC website using our link and create an account. You can use only an email or a phone number. MEXC doesn’t require KYC upfront, so you can complete this step quickly with little to no personal information. You’ll need to finish KYC to get better limits and claim most of the bonuses, including the initial $10 bonus mentioned in the screenshot below.
   
2. Deposit funds. Go to the Deposit window, where you can transfer crypto from your wallet. You can also buy crypto directly on MEXC if you don’t have any funds. You can also use the demo account to try trading without any risk or using your own funds. The demo account comes with 50,000 USDT in virtual funds.
   
3. Open a futures position. MEXC is excellent at guiding your hand while using its futures trading platform. To avoid going deep into the explanations, follow the embedded guide to place your initial trade.
   

Is Cryptocurrency Futures Trading Safe?

The type of trading itself is safe from a security standpoint as long as you’re using a verified and reputable trading platform.

The problem with crypto futures is that cryptocurrencies are generally very risky, and futures carry higher risk than traditional trading because they involve leverage and borrowed funds.

Conclusion

Crypto futures trading is a unique form of trading cryptocurrencies, where you effectively bet on the price of an asset without actually owning it. It uses leverage to determine how much you can increase your profits by borrowing the funds from the platform you’re using.

The advantage here is that you can receive substantially higher profits without investing large sums, but it’s also much riskier than any other form of crypto trading.

If you’re willing to take up this complex form of crypto derivatives, all you need to do is create an account on one of the best crypto futures trading platforms, deposit, and you can place your initial trade.

Visit MEXC

References

• Cryptocurrency Futures: Definition and How They Work on Exchanges (Investopedia)
• Cryptocurrency futures: A new way to ride the crypto wave, with some old-school trading twists (Britannica)
• Introduction to futures (Charles Schwab)
• What is spot trading in crypto and how does it work (Coinbase)
• How To Trade Futures With MEXC For Beginners (YouTube)
• 2025 Guide: Everything You Should Know to Invest in Crypto Safely (Security.org)

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