Best Bitmex Alternatives For Leverage Trading
Bitmex has been a platform with one of the highest volume for any cryptocurrency future exchange for a while now. While it has a lot of volume, users suffers from a lot of issues during peak trading hours on bitmex like being unable to login on to the website, not being able to place orders or close their positions. Due to the consistent issues with bitmex trading, a lot of new organizations have launched their bitmex alternatives. Here are a few of them:
1. Delta
Delta.exchange is a singapore based future trading exchange with a lot of trading pairs to trade on. The exchange offers users to trade on bitcoin, ethereum and a lot of altcoin perpetual swaps. The exchange also offers users to trade futures, move options and interest rate swaps. The exchange also provides upto 10% interest to users for having funds on the exchange. The exchange has a decent daily volume of $60 Million and has been free of any reported issues till now. You can check Delta at https://delta.exchange
2. Binance
Binance is the biggest cryptocurrency trading platform in terms of volume right now. With the launch of futures markets in recent years, binance has been giving a tough competition to Bitmex since then. With a volume of $5 billion daily, binance has been the most liquid of the exchange available right now. You can check binance at https://binance.com
3. ByBit
ByBit was launched in December 2018 to compete with bitmex. Since then, it has performing good and currently ranks third on coinmarketcap according to volume. It currently has an average daily volume of $1.5 billion. Bybit provides upto 100x leverage to users and claims to have a 100,000 TPS system to be operational during peak trading hours. You can check Bybit out at https://bybit.com
4. FTX
FTX is a platform built by Almaeda Research, a trading firm responsible for around 30% of trading volume across major exchanges. FTX offers trading on perpetual futures, options, move indices, spot trading and leverage trading. FTX was launched in 2019 and currently ranks 5th in terms of volume on coinmarketcap. You can check FTX out at https://ftx.com
5. Deribit
Deribit has been operating since 2016 and has been the goto place for traders that are fed up with bitmex’s issues. Deribit ranks 9th on coinmarketcap for derivatives exchanges in terms of volume and averages around $300 million in daily trading volume. Deribit offers bitcoin and ethereum perpetual swap, futures and option trading. You can check deribit out at https://deribit.com.
Although there are a lot of platforms available today that strive to be a better bitmex alternatives but the ones mentioned above are the best one. Let us know if you think some other platform should be listed above.
