Home > 11 Best Crypto Futures Trading Platforms of 2025 > 11 Best Crypto Futures Trading Platforms of 2025
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Written by Charles
Hi, I'm Charles Johns, a Finance graduate with a specialization in Financial Management from the University of Chicago. My journey through financial markets has fueled a passion for both traditional and digital assets, where I continuously explore evolving investment opportunities. As an active trader and cryptocurrency enthusiast, I strive to bridge the gap between complex financial concepts and practical, real-world applications. My goal is to empower everyone, whether seasoned investors or newcomers, with valuable insights and knowledge to confidently navigate the world of finance and crypto investing.
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This article has been reviewed by crypto market experts at SCM to ensure all the content, sources, and claims adhere to the highest standards of accuracy and reliability.
Last Updated on January 24, 2025
OKX was established by Star Xu in 2017. It offers many products, including spot trading, futures, options, and DeFi services.
Bybit, founded by Ben Zhou in 2018, focuses on derivatives trading. It provides a user-friendly platform for both beginners and experienced traders.
You’ll find lower fees on OKX for most trading pairs. The exchange also supports a more significant number of cryptocurrencies, giving you more options for diversification.
Both exchanges offer mobile apps, staking options, and educational resources. You can access advanced trading features like stop-loss orders and take-profit orders on both platforms.
Consider your trading needs and preferences when choosing between OKX and Bybit. Each exchange has its strengths, catering to different types of crypto enthusiasts.
Our 2025's Recommendation 5/5 |
|
Feature | OKX | Bybit |
---|---|---|
Founded | 2017 | 2018 |
Supported coins | 400+ | 150+ |
Spot trading fees | Maker: 0.08%, Taker: 0.10% | Maker: 0.10%, Taker: 0.10% |
Futures trading fees | Maker: 0.02%, Taker: 0.05% | Maker: 0.01%, Taker: 0.06% |
Maximum leverage | 125x | 100x |
Fiat support | Yes | Limited |
NFT marketplace | Yes | Yes |
Web3 wallet | Yes | No |
Sign up Bonus | – | 🔥 Get up to $5020 Sign up Bonus |
OKX and Bybit offer a wide range of cryptocurrency trading products and services. Spot trading is available on both platforms, allowing you to buy and sell cryptocurrencies directly.
For derivatives trading, OKX and Bybit provide futures contracts. OKX has lower fees in the futures market, with a 0.5% taker fee compared to Bybit’s 0.055% taker fee.
Options trading is another feature shared by both exchanges. The fees for options trading are similar to those of OKX and Bybit.
You can access leveraged tokens on both platforms, enabling you to take leveraged positions without the risk of liquidation.
OKX and Bybit have embraced the NFT trend, offering marketplaces where you can buy, sell, and trade digital collectibles.
Staking services are available on both exchanges, allowing you to earn passive income on your crypto holdings.
OKX stands out with its support for over 400 digital currencies and more than 796 trading pairs, providing a broader selection of assets to trade.
Bybit focuses on delivering a user-friendly experience, particularly for those familiar with crypto platforms. Its interface is well-designed for experienced traders.
While both exchanges offer advanced trading features, they may not be ideal for beginners. If you’re new to crypto trading, you might want to consider more beginner-friendly alternatives.
OKX and Bybit offer a variety of contract types for cryptocurrency trading. Both exchanges provide inverse perpetual contracts, allowing you to trade with Bitcoin as collateral.
Linear perpetual contracts are available on OKX and Bybit. These use stablecoins like USDT as margin, making profit and loss calculations more straightforward.
You’ll find inverse futures contracts on both platforms. These have set expiration dates and use cryptocurrencies as collateral.
OKX offers COIN-M futures, where contracts are margined and priced in the underlying cryptocurrency. This can be beneficial if you want to accumulate more of a specific coin.
USD-M futures are available on both exchanges. These contracts are margined and settled in USD or stablecoins, providing a familiar reference point for many traders.
Options trading is supported on OKX and Bybit. These give you the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific timeframe.
Bybit provides USDC options, which can help hedge or speculate on price movements with limited risk.
OKX offers more exotic contract types, including USDT-margined options and quanto futures, providing additional flexibility for advanced traders.
OKX offers an extensive selection of cryptocurrencies, supporting over 400 digital assets and more than 796 trading pairs.
This wide range gives you ample options for diversifying your portfolio and exploring various market opportunities.
Bybit, while not as extensive as OKX, still provides a solid selection of cryptocurrencies. You can trade major coins like Bitcoin, Ethereum, Litecoin, and numerous altcoins.
For futures and leverage trading, OKX supports around 140 cryptocurrencies.
Bybit offers futures trading on approximately 60 cryptocurrencies. This gives OKX an edge if you’re looking for more diverse futures trading options.
Popular futures trading pairs on both platforms include:
Both exchanges regularly add new cryptocurrencies and trading pairs to meet user demand. You’ll find a good mix of established coins and emerging tokens on both platforms.
When choosing between OKX and Bybit, consider the specific cryptocurrencies you want to trade.
If you need access to a broader variety of assets, especially for futures trading, OKX might be the better choice. However, Bybit still offers a robust selection that covers most traders’ needs.
OKX and Bybit offer leverage and margin trading options to amplify your potential returns. These features allow you to open more prominent positions with a smaller initial investment.
On OKX, you can access up to 100x leverage for futures trading.
You can control $10,000 worth of assets with just $100. Bybit matches this offering, providing up to 100x leverage on specific contracts.
Margin requirements vary based on the asset and position size.
Generally, higher leverage comes with stricter margin requirements to manage risk. Both exchanges use a tiered margin system, where more prominent positions require more collateral.
Liquidation risks increase with higher leverage.
If your position moves against you, your entire margin could be lost. Both platforms offer features like stop-loss orders and liquidation alerts to mitigate this.
Funding rates apply to perpetual contracts on both exchanges. These rates can be positive or negative, affecting your costs or potential earnings depending on your position.
Key differences:
Remember to carefully consider the risks before using high leverage. Start with lower amounts to familiarize yourself with the mechanics and potential outcomes.
Trading volume plays a crucial role in the efficiency and liquidity of cryptocurrency exchanges. OKX and Bybit boast significant trading volumes, contributing to their popularity among traders.
OKX consistently ranks among the top exchanges globally in terms of trading volume.
You can expect high liquidity and tight spreads on major trading pairs, often leading to better execution prices and reduced slippage.
Bybit also maintains impressive trading volumes, particularly in its derivatives markets. The exchange has gained a solid following among futures traders, contributing to its robust liquidity.
When comparing spot markets, OKX generally edges out Bybit regarding overall trading volume. This can translate to slightly better execution and lower slippage for spot trades on OKX.
For derivatives trading, both exchanges offer competitive liquidity. Bybit’s strong focus on futures markets means you’ll find ample depth for popular cryptocurrency perpetual contracts.
It’s worth noting that trading volumes can fluctuate based on market conditions and user activity.
You should always check current data from reliable sources like CoinGecko or CoinMarketCap for the most up-to-date volume information.
Higher trading volumes typically result in:
OKX and Bybit provide sufficient liquidity for most traders’ needs, ensuring smooth trading experiences across various market conditions.
Fees are crucial to your overall profitability when trading futures on OKX and Bybit. OKX offers slightly lower fees for futures trading, with a 0.02% maker fee and a 0.05% taker fee. Bybit, on the other hand, charges 0.01% for makers and 0.06% for takers.
Let’s break down the costs for a $10,000 futures trade:
Exchange | Maker Fee | Taker Fee | Maker Cost | Taker Cost |
---|---|---|---|---|
OKX | 0.02% | 0.05% | $2 | $5 |
Bybit | 0.01% | 0.06% | $1 | $6 |
As you can see, OKX is more cost-effective for taker orders, while Bybit offers a slight advantage for maker orders.
Both exchanges provide opportunities to reduce your trading fees. OKX offers a VIP program to lower your payments based on your 30-day trading volume. Bybit provides a similar tiered fee structure, allowing you to decrease costs as you trade more frequently.
Regarding rewards, both platforms offer various incentives. OKX regularly runs trading competitions with substantial prize pools. Bybit features a referral program where you can earn a percentage of your referrals’ trading fees.
For withdrawals, OKX generally has lower fees across most cryptocurrencies. Bybit’s withdrawal fees vary depending on the network used, but it is competitive for popular coins like Bitcoin and Ethereum.
OKX and Bybit offer various deposit and withdrawal options to suit your needs. Both exchanges support significant transfers of ant cryptocurrencies like Bitcoin and Ethereum.
On OKX, you can deposit funds using bank transfers, credit/debit cards, and popular payment services. Cryptocurrency deposits are typically credited within minutes, while fiat deposits may take 1-3 business days.
Bybit also allows crypto deposits and provides options for fiat deposits through bank transfers and third-party payment providers. Processing times for fiat deposits on Bybit are similar to those of OKX.
For withdrawals, both platforms prioritize cryptocurrency transactions. OKX processes most crypto withdrawals within 2 hours, while Bybit aims to complete them within 30 minutes.
Minimum deposit and withdrawal amounts vary by currency and payment method on both exchanges. OKX generally has lower minimums, starting from $1 for some cryptocurrencies.
Bybit’s minimums are slightly higher, often around $10-20 for popular coins. Maximum withdrawal limits depend on your account verification level on both platforms.
Withdrawal fees are competitive on OKX and Bybit, with both charging network fees for crypto transfers. Fiat withdrawal fees may apply and vary based on your chosen payment method.
OKX and Bybit both have their native tokens that provide benefits to users on their platforms.
OKX’s native token is called OKB. As an OKB holder, you can enjoy discounts on trading fees on the OKX exchange—the more OKB you hold, the higher your fee discount.
Bybit’s native token is BIT. Holding BIT gives you access to reduced trading fees on Bybit as well. The discount tier depends on how much BIT you stake.
Beyond fee discounts, these tokens offer additional utility:
Both tokens can be traded against other cryptocurrencies on their respective exchanges. You can also earn rewards by staking OKB or BIT.
The native tokens play a vital role in each exchange’s ecosystem. They incentivize platform usage and provide tangible benefits to loyal users.
When choosing between OKX and Bybit, consider how much you plan to trade. If you expect high volume, the fee discounts from holding native tokens could lead to significant savings over time.
OKX and Bybit have implemented mandatory Know Your Customer (KYC) verification processes to enhance security and comply with regulatory standards.
On Bybit, you must complete KYC verification before trading or withdrawing funds. This involves submitting your ID or passport and a selfie for identity confirmation.
OKX offers a tiered KYC system. You must provide personal information and a government-issued ID number at the basic level. This grants you a daily withdrawal limit of up to 200 BTC.
For enhanced account features and higher limits on OKX, you may need to provide additional documentation, such as proof of address, or undergo facial recognition.
Bybit’s KYC requirements became mandatory on May 8, 2023. This change aims to improve platform security but may impact user privacy and accessibility.
Both exchanges use KYC to protect users and prevent fraudulent activities. However, these measures can affect your ability to trade anonymously.
Your account limits on deposits, withdrawals, and trading will vary based on your verification level. Higher levels of verification typically grant you access to increased limits and features on both platforms.
Remember to check the most current KYC policies on each exchange, as requirements may change to adapt to evolving regulations in the cryptocurrency industry.
OKX and Bybit offer advanced trading platforms catering to experienced crypto traders. Both exchanges provide user-friendly interfaces for their web and mobile applications.
On OKX, you’ll find a clean and intuitive design. The platform layout is well-organized, making navigating between trading pairs and features accessible.
OKX’s mobile app mirrors the web interface, ensuring a consistent device experience. To know more, check this OKX tutorial.
Bybit’s platform boasts a sleek, modern look. You’ll appreciate its responsive design and quick loading times. The exchange’s mobile app is praiseworthy, offering a smooth and seamless trading experience.
Both platforms provide customizable trading views and real-time market data. You can easily set up price alerts, manage your positions, and access advanced charting tools.
OKX offers a broader range of features, including spot trading, derivatives, and an NFT marketplace. This comprehensive suite may appeal to users looking for a one-stop trading solution.
Bybit focuses primarily on derivatives trading, with a user-friendly interface for futures and options traders. You might find Bybit’s specialized approach more suitable if you’re interested in these products.
In terms of speed and reliability, both exchanges perform well. However, during high-volume trading periods, you may experience slightly faster execution times on Bybit.
OKX and Bybit offer a variety of order types to help you execute trades and manage risk effectively.
On OKX, you can place market orders for immediate execution at the best available price. Limit orders let you set a specific price for your trade.
Bybit provides similar basic order types, including market and limit orders. Both exchanges support stop orders to help limit potential losses.
OKX offers conditional orders, allowing you to set triggers based on price movements. You’ll find post-only orders helpful for adding liquidity without paying taker fees.
Bybit features reduce-only orders, ensuring your position size doesn’t increase unintentionally. This can be valuable for managing risk in volatile markets.
Both platforms support OCO (One-Cancels-the-Other) orders, enabling you to set simultaneous take-profit and stop-loss levels.
OKX provides advanced order types like Iceberg orders for large trades and TWAP (Time-Weighted Average Price) orders for execution over time.
Bybit offers trailing stop orders, which adjust automatically as the market moves in your favor.
Understanding and utilizing these diverse order types allows you to implement more sophisticated trading strategies and better control your risk exposure on OKX and Bybit.
OKX and Bybit prioritize user security through robust measures. Both exchanges employ two-factor authentication (2FA) to protect your account from unauthorized access.
OKX offers security features like anti-phishing mode, mobile verification, and Google Authenticator integration. These tools enhance your account’s protection against potential threats.
Bybit implements similar safeguards, including email verification and IP address monitoring. The exchange also uses cold storage for most user funds, reducing theft risk.
Both platforms have comprehensive licensing and regulatory compliance. OKX holds licenses in multiple jurisdictions, while Bybit has secured licenses in Cyprus and received initial approval in Dubai.
Neither exchange has experienced significant security breaches. However, OKX (formerly OKEx) suspended withdrawals for five weeks in 2020 due to an unreachable private key holder. The issue was resolved, and user funds remained secure.
Bybit has maintained a clean security record since its inception. The exchange regularly conducts security audits to identify and address potential vulnerabilities.
To further protect your assets, both platforms offer insurance funds. These funds act as a safety net in case of unexpected market events or system failures.
When choosing between OKX and Bybit, you can be confident that both prioritize security. Your decision may be based on personal preference and other factors like trading features or fee structures.
Both OKX and Bybit maintain insurance funds to protect traders against unexpected losses. These funds act as a safety net in volatile market conditions.
OKX’s insurance fund is substantial, with over $300 million reserves. This provides robust protection for traders on their platform.
Bybit’s insurance fund is also significant, though smaller than OKX’s. It currently holds around $200 million.
The size of these funds can fluctuate based on market conditions and trading activity. Both exchanges regularly publish updates on their insurance fund balances.
If a trader’s account goes negative due to extreme market volatility, these funds step in to cover the losses. This prevents the need for socialized losses among other traders.
It’s important to note that while these funds offer protection, they are not guaranteed against all losses. You should still practice careful risk management when trading on either platform.
Both exchanges use a portion of trading fees to maintain and grow their insurance funds. This ensures the continued protection of their users’ interests.
OKX and Bybit offer customer support options to assist users with their trading needs.
OKX provides 24/7 live chat support, allowing you to get quick answers to your questions anytime. They also offer email support for more complex inquiries.
Bybit matches OKX with 24/7 live chat support, ensuring you can reach out for help whenever needed. Additionally, Bybit maintains an extensive knowledge base and FAQ section on its website.
Response times can vary for both exchanges, but generally, you can expect quicker replies through live chat than email. OKX and Bybit have active social media presence, which can help them stay updated on platform news and occasional support.
It’s worth noting that neither exchange offers phone support, which some users might prefer for urgent issues. Both platforms provide support in multiple languages, catering to their global user bases.
When comparing the quality of support, user experiences may differ. Some users report satisfactory experiences with both exchanges, while others have faced challenges. It’s advisable to test the support channels yourself to gauge their effectiveness for your specific needs.
Remember to use official support channels and be cautious of potential scams or impersonators when seeking assistance on social media or third-party platforms.
OKX and Bybit operate in a complex regulatory landscape. Both exchanges strive to comply with various jurisdictions’ requirements, but their approaches differ.
OKX holds licenses in multiple countries, including Dubai and Malta. They’ve obtained a provisional Virtual Asset License from Dubai’s Virtual Asset Regulatory Authority (VARA), showcasing their commitment to regulatory compliance.
Bybit has faced some regulatory challenges. In 2021, they were ordered to cease operations in Ontario, Canada. However, they’ve since tried to improve compliance by obtaining licenses in Dubai and Kazakhstan.
Both exchanges implement Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. These help prevent illegal activities and enhance user security.
OKX has partnered with blockchain analytics firm Chainalysis to bolster its compliance efforts. This collaboration aims to detect and prevent suspicious transactions on their platform.
Bybit has implemented a comprehensive risk management system. They conduct regular security audits and have established a dedicated compliance team to navigate regulatory requirements.
You should be aware that regulatory compliance can impact your trading experience. OKX and Bybit may restrict certain services in specific regions to adhere to local laws.
While both exchanges are making strides in regulatory compliance, you should always conduct your research. Stay informed about the latest developments and consider how they might affect your trading activities.
Bybit and OKX both offer robust cryptocurrency trading platforms with unique strengths.
Bybit stands out for its higher leverage options and dual price mechanism, making it suitable for experienced traders seeking advanced futures trading.
OKX provides a broader selection of spot trading pairs, appealing to those looking for more diverse crypto investment options. Its user interface may be more intuitive for traders familiar with traditional finance platforms.
You’ll find Bybit advantageous if you prioritize futures trading and want access to high leverage. The platform’s risk management features can benefit active traders who engage in complex strategies.
For a broader range of cryptocurrencies and a more extensive spot market, OKX might be your better choice. It’s well-suited for traders who value variety in their investment options.
Consider your trading style, experience level, and preferred assets when choosing between these exchanges.
Bybit caters more to futures-focused traders, while OKX offers a balanced approach to spot and derivatives trading.
Ultimately, your decision should align with your trading needs and risk tolerance.
Both platforms provide solid options for cryptocurrency enthusiasts, each with its own set of strengths to support your trading journey.
Compare OKX and Byit with other major exchanges
Hi, I'm Charles Johns, a Finance graduate with a specialization in Financial Management from the University of Chicago. My journey through financial markets has fueled a passion for both traditional and digital assets, where I continuously explore evolving investment opportunities. As an active trader and cryptocurrency enthusiast, I strive to bridge the gap between complex financial concepts and practical, real-world applications. My goal is to empower everyone, whether seasoned investors or newcomers, with valuable insights and knowledge to confidently navigate the world of finance and crypto investing.
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