Deribit is one of the leading platforms in the crypto derivatives segment, known for its institutional-grade services and transparent trading operations.
The exchange lags in terms of a good selection of trading products; a low leverage rate offered other than BTC & ETH future products.
Therefore, if you are looking for a Deribit alternative, the following list offers a host of options, both for retail and experienced traders. Let’s check out.
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Best Deribit Alternative
- Bybit [up to 4450$ Bonus & 100x Leverage Crypto Exchange]
- Stromgain [25$ Bonus & 500x Leverage]
- Phemex [Upto 2200$ Bonus & 20x leverage]
- PrimeXBT [35% Extra Bonus On Deposit, 200x leverage crypto exchange]
- Binance Futures: World’s largest crypto exchange with 20x derivatives
Established in March 2018, Bybit is one of the fastest-growing crypto derivatives exchanges in the market and is credited for changing the market dynamics through its highly advanced and efficient trading platform.
Bybit has a highly liquid trading platform and offers to trade in inverse perpetual contracts, linear perpetual contracts, and inverse futures contracts (BTCUSD quarterly) and offers maximum leverage of up to 100X.
The exchange is also known for its advanced trading platform system with a smart trading system, ultra-fast order matching engine with the ability to process 100K TPS, a state-of-the-art pricing system to prevent unfair liquidations, and powerful APIs that support high-frequency trading.
Regarding trading fees, Bybit has an attractive rate structure. It incentivizes the market maker by offering a 0.025% rebate and charges 0.075% from the market takers.
Why choose Bybit?
- Industry-leading advanced trading platform
- Suitable for both beginners and professional traders
- Deep liquidity levels
- No-KYC exchange
StormGain is one of the latest exchanges to enter the cryptosphere, launched in mid-2019 in Seychelles it has successfully set a benchmark in the industry with its high leverage offering.
StormGain offers higher floating leverage than many major exchanges in the space of up to 500X on the BTC/USDT pair as well as 100X leverage on LTC/USDT, BCH/USDT, ETH/USDT, XAU/USDT, XAG/USDT, and three other crypto indices.
For the remaining trading pairs supported on the platform, it offers up to 50X leverage. The minimum leverage of 5X is available on all trading pairs. With all the standard order types, and a smooth yet powerful trading engine it comes with StormGain offers all the technical analysis tools with high precision.
StormGain’s trading fee structure is fixed; with zero commission i.e. the maker & taker fees are zero, however, a profit share of 10% is charged. Additionally, it charges a 5% deposit commission when using your debit/credit card, and a 0.1% fee is charged on withdrawals.
Why choose StormGain?
- High leverage offering
- Responsive and dedicated customer support with top-notch security
- Demo account offering
- Smooth yet powerful trading platform with state-of-the-art charting systems
Phemex is one of the latest and fastest-growing crypto derivatives exchanges in the market, started by 8 ex-Morgan Stanley executives on November 25th, 2019.
The exchange has the fastest trading system globally with an order response time of less than 1ms, can process over 300,000 trades per second, and has 30+ integrated liquidity providers.
In a short period, the exchange has built a large user base of over a million traders and records over $1 billion in daily trade. The exchange offers advanced functionalities like FIX API, sub-account feature, and L3 market data for professional traders.
Phemex offers to trade in 15 leading crypto perpetual futures contracts and offers maximum leverage of up to 100X on BTC/USD pairs and up to 20X on remaining pairs.
Regarding trading fees, Phemex offers a market rebate of 0.025% and charges a taker fee of 0.075%, which is the standard rate in the industry.
Why choose Phemex?
- Powerful trading platform
- Advanced functionalities for professional traders
- No-KYC exchange
- Good customer support
PrimeXBT is a Seychelles-based multi-asset exchange platform that was launched in early 2019. It has established itself as one of the leading exchanges in the crypto derivatives segment quickly.
The exchange offers margin trading in BTC, LTC, ETH, EOS, and XRP and offers maximum leverage of up to 100X on all trading pairs.
PrimeXBT boasts an advanced trading platform suitable for both beginners and professional traders. It can execute over 12,000 orders per second with an average order execution speed of less than 7.12 milliseconds and is integrated with 12+ liquidity providers.
The exchange has the lowest order slippage ratio in the industry, with 74.1% of orders executed at the requested quote. The exchange has a flat fee rate structure and charges 0.05% as commission on all types of trades regarding trading fees.
Why choose PrimeXBT?
- Advanced trading platform
- High leverage rates on all crypto trading pairs
- Competitive trading fee
- No-KYC exchange
#6. Binance Futures
Binance Futures has established itself as the leading crypto derivatives exchange platform in the market.
Launched on September 9th, 2019, Binance Futures allows trading in a wide range of crypto derivative products, including USDT-margined perpetual and quarterly futures, COIN-M (Bitcoin-margined perpetual futures), Bitcoin options, and leveraged tokens with maximum leverage of up to 125X, which is the highest in the industry.
Some of the Binance Futures platform features include mobile trading, interactive charts, institutional-grade research report to all users, profit and loss analysis, and a wallet to hold collateral required to margin trade.
It has a 10-tiered trading fee structure based on the last 30-day cumulative trading volume. The maker fee ranges from 0.02% to NIL, and the taker fee ranges from 0.04% to 0.017%. Binance offers a 10% discount on trading fees when paid using BNB token and on USDT-M contracts.
Why choose Binance Futures?
- Established and reputed trading platform
- Wide range of trading products
- High leverage rate
- Supports deposit and withdrawal in both crypto and fiat via the Binance platform
Kraken is a US-based crypto exchange that offers trading services in both the spot and the futures market. It was established in 2011 and is known for its platform security and advanced platform functionality.
The future segment offers to trade in five perpetual futures contracts, including XBT/USD, ETH/USD, LTC/USD, BCH/USD, and XRP/USD, with maximum leverage of 50X.
The exchange’s trading fees for the futures segment are based on the last 30-day cumulative trading volume with maker fees ranging from 0.02% to NIL, and the taker fee ranges from 0.05% to 0.01%.
Why choose Kraken?
- Provides maximum security
- Deep liquidity level
- Low fees
- Bank withdrawal through SWIFT and SEPA
BitMEX is one of the earliest exchanges to launch trading in crypto derivatives. Launched in 2014, BitMEX has set a benchmark in the industry for its high trading volume and high leverage rate.
The platform offers derivatives trading in perpetual futures, traditional futures, and Quanto futures in 13 different cryptocurrencies and offers maximum leverage of up to 100X.
Built for professional traders, the exchange uses advanced API used by major banks in high-frequency trading, clean interface, charting system from tradingview, advanced order capability, and auto-deleveraging feature.
BitMEX has a flat-fee rate structure. It offers a maker rebate of 0.025% to market makers and charges 0.075% as a taker fee from market takers.
Why choose BitMEX?
- Established and reputed exchange
- Good selection of crypto pairs
- High-security level
- Best for high-frequency trading
There are many options in the market, but the list of exchanges discussed above are the leading ones and will offer a superior trading experience.
If you’re a beginner in the segment, you can consider Bybit and PrimeXBT to kickstart your journey in derivatives trading. And, if you’re a professional trader, you can select any exchange from the list based on your trading objectives.