Best DEXs for Leverage Trading in 2024

When selecting a decentralized exchange (DEX) for leverage trading with cryptocurrencies, consider security protocols, available leverage options, and technology that ensures efficient transactions.

DEXs allow trading without intermediaries, reducing price manipulation risk and offering privacy. Reputable DEXs built on various blockchains offer scalability, asset diversity, and community trust strengths.

Your selection should balance low trading fees with the platform’s features, such as advanced trading tools and liquidity for large orders.

In the following sections, we’ll explore prominent DEXs for leverage trading, helping you choose a platform that aligns with your strategy and risk tolerance.

Best Decentralized Crypto Leverage Exchanges in 2024

#1. GMX.io

GMX.io is a notable decentralized exchange (DEX) providing a platform for leverage trading. With GMX, you can engage in perpetual contracts using leverage of up to 30x.

This powerful feature allows you to amplify your trading strategies across a selection of eight cryptocurrency pairs:

• Bitcoin (BTC)
• Ethereum (ETH)
• USD Coin (USDC)
• DAI
• Tether (USDT)
• Frax (FRAX)
• Uniswap (UNI)
• Chainlink (LINK)

The exchange integrates Chainlink oracles to deliver reliable and timely price feeds, which is crucial for maintaining fair and accurate trading environments.

Depending on these oracles, your trades reflect actual market movements, ensuring a more consistent and trustable trading experience.

Here’s a quick overview of the fees you may encounter on GMX:

Transaction Type	Fee
Position Opening/Closing	0.1%
Token Swap	0.33%
Borrowing	Variable

The borrowing fee varies and depends on multiple factors, fostering a dynamic and responsive fee structure that adjusts to market conditions.

Moreover, GMX features a liquidity pool known as the GLP pool. As a trader, you can utilize this pool to service loan requests necessary for leverage trades.

The GLP pool boasts a value of over $554 million, showcasing significant liquidity that could offer you a robust trading foundation without overwhelming slippage.

Trading with GMX.io must factor in these considerations to optimize your leverage trading activities effectively.

Remember to assess fees such as the 0.1% opening or closing positions, the 0.33% swap fee, and the dynamic borrowing costs.

 

#2. Apex Pro

Apex Pro presents itself as a robust choice for your leverage trading endeavors.

At its core, this non-custodial trading platform empowers you to engage in margin trading operations with a leverage of up to 30x on a select lineup of crypto pairs.

These pairs include key market players like BTC, ETH, XRP, ATOM, and DOGE, giving you a quality spectrum of digital assets to work with.

Facilitating a secure trading environment, Apex Pro taps into the power of StarkEx, a layer-2 scaling solution known for its enhanced transactional throughput and robust security measures.

This integration ensures that you can trade confidently, aware that your transactions are reasonable and well-protected.

Regarding fees, as a market maker, your trades incur a modest fee of 0.02%, while taking positions places a fee of 0.05% at your doorstep.

This competitive fee structure is tailored to support liquidity provision and consumption on the platform.

In times of anomaly or urgent need, Apex Pro stands out by granting you an emergency withdrawal feature.

This mechanism is designed to provide you with additional control over your funds, ensuring you can retrieve your capital even amidst unforeseen events.

Engage with Apex Pro wisely, as leveraging digital assets can amplify both your gains and your risks, and it’s imperative to trade within your risk tolerance levels.

 

#3. DYDX

DYDX operates as a prominent decentralized finance (DeFi) protocol, specializing in offering you leverage trading options. You can engage with leverage up to 20x on over 30 significant cryptocurrencies.

Here are some key features you might find interesting:

• Leverage: Up to 20x on various crypto assets.
• Assets: An extensive range of over 30 cryptocurrencies.
• Lending/Borrowing: DYDX supports these services alongside leverage trading.
• Native Token: The protocol has its token, DYDX, which you can use to get discounts on trading fees and participate in governance decisions.

When trading on DYDX, take note of the following fee structure:

• Trading Fees: Range from 0% to 0.05%, dependent on the trading pair and order type.

This protocol not only provides you with leverage trading capabilities but also allows for a comprehensive DeFi experience through its lending and borrowing services.

Your interaction with DYDX’s native token can further reduce your trading costs and give you a say in the platform’s governance, making you an integral part of the ecosystem.

With its user-friendly interface and a wide range of supported assets, DYDX could be a strong candidate for your leverage trading needs.

Conduct your research and consider your risk tolerance when engaging in leverage trading.

 

#4. Mux Network

Mux Network stands out as a robust DEX catering to your needs for the highest leverage crypto exchange.

Empowered with a user-friendly interface, this cross-chain platform enables you to engage in leveraged trading with a massive cap of up to 100x leverage.

You have a diverse array of trading pairs, including 46 crypto pairs, 17 forex pairs, and two commodity pairs, providing the flexibility to diversify your trading activities.

Leveraging Mux Network, you benefit from the platform’s strategic position across multiple blockchains such as Arbitrum, Binance Smart Chain (BSC), Avalanche, Optimism, and Fantom.

Including multiple chains ensures you can operate in a realm that best fits your investment strategies and preferences.

Key Features:

• Leverage: Up to 100x
• Trading Pairs:
  • Crypto: 46 pairs
  • Forex: 17 pairs
  • Commodities: 2 pairs
• Supported Blockchains:
  • Arbitrum
  • BSC
  • Avalanche
  • Optimism
  • Fantom
• Fee Structure:
  • Fixed Position Fee: 0.08% for opening and closing positions

Mux Network’s fee structure is transparent and competitive; it charges a fixed position fee of 0.08% when you open and close positions.

By deploying a comprehensive liquidity aggregation model, Mux Network ensures you access deep liquidity pools, which facilitates zero price impact trades regardless of order size.

This platform’s architecture is designed to guarantee that you experience minimal slippage, maximizing the efficacy of your trades and enhancing your overall trading experience.

Whether you’re looking to trade cryptocurrencies, fiat pairs, or commodities, Mux Network provides a seamless environment for on-chain leverage trading.

 

#5. Vela Exchange

Vela Exchange is a progressive decentralized platform catering to your leveraged trading needs.

Recognized for its hybrid approach, the platform blends on-chain dependability with off-chain speed and is designed to enhance your trading experience.

Leverage and Trading Pairs

• Leverage: Up to 250x
• Crypto Pairs: 20 different pairs
• Forex Pairs: 10 pairs
• Precious Metals: Gold and Silver

Technical Infrastructure

• Scaling Solution: Primarily utilizes Arbitrum
• Liquidity Pool (VLP): Allows you to mint and redeem

Fees Structure
Vela Exchange implements a tiered fee schedule influenced by the asset and transaction types. The specific fee rates are:

Asset Type	Transaction Type	Fee
Crypto	Intra-Asset Trading	Variable Fee
Forex	Leverage Adjustment	Variable Fee
Precious Metals	Liquidation	Variable Fee

The platform stands out due to its commitment to pushing the boundaries of decentralized trading.

It equips you with a technical stack prepared for advanced charting and rapid executions, ensuring your trades are processed efficiently.

By participating in the Vela Exchange ecosystem, you can expect a trustworthy, fast-executing environment for executing your trades on various assets, from cryptocurrencies to forex, without overlooking your interests in trading precious metals.

 

#6. ApolloX

ApolloX is a notable platform in decentralized exchanges (DEX), particularly for those interested in leverage trading.

It operates as a CEX-DEX hybrid, which means it incorporates aspects of both centralized and decentralized exchange features.

Your trading experience on ApolloX is enhanced by its user-friendly interface and a high-performance matching engine, providing a smooth and efficient trading process.

ApolloX offers a significant range of leverage options, with the capability to leverage up to 100x.

This platform supports a diverse selection of 75 trading pairs that span various asset classes, including cryptocurrencies, forex, and commodities. Here’s a snapshot of the fee structure:

Type	Fee
Taker	0.07%
Maker	0.02%

When trading on ApolloX, you can access a cost-effective structure where makers are encouraged with lower fees.

It would be best to consider market conditions and the platform’s rules, which can affect your trading strategies and potential outcomes.

Also, remember that high-leverage trading carries significant risks and should be cautiously approached.

Ensure you understand the market dynamics and have adequate risk management strategies when using ApolloX for leverage trading.

 

#7. Level Finance

Leverage trading within decentralized exchanges can be complex, but Level Finance streamlines the process for you.

Offering leveraged trading up to a significant 50x, this DeFi protocol targets four trading pairs notably:

• BTC/USDC
• ETH/USDC
• SOL/USDC
• SRM/USDC

The platform is structured to work in your favor by providing real yields and rewards. As a liquidity provider or trader, these incentives are critical to a fruitful engagement with the platform.

Understanding the fee structure is paramount to your trading activities. Level Finance ensures transparency with a 0.1% position fee, which is relatively low by market standards.

Moreover, the swap fee varies depending on the trade but rests within the 0% to 0.65% range. This competitive pricing is tailored to uphold your interests while keeping costs manageable.

Your trading experience is further enhanced by Level Finance’s effort to maintain lower fees compared to other platforms in the space.

This emphasis on financial efficiency is at the core of its value proposition.

Whether you want to provide liquidity or engage in leveraged trading, this DeFi protocol aligns its mechanisms to support your endeavors in the cryptocurrency market.

 

#8. Mango Markets

Mango Markets is a comprehensive trading platform built on the Solana blockchain, offering leverage options that cater to various trading strategies.

It allows you to engage in leveraged trading, with up to 20x leverage available on selected crypto pairs such as BTC, ETH, SOL, and SRM.

Key Features:

• Leverage: Up to 20x on BTC, ETH, SOL, and SRM.
• Fee Structure: Pays a taker fee of 5bps, with a zero fee for makers.
• Trading Options: Supports spot markets and derivatives.
• Additional Services: These include lending and borrowing facilities.

The platform’s integration with Serum, a decentralized exchange protocol, enhances your trading experience by offering low latency and deep liquidity.

This collaboration assures that you can execute trades with speed and efficiency.

By choosing Mango Markets, you leverage its multiple functionalities:

• Seamless spot and margin trading
• Utilizing assets in lending and borrowing
• Cross-collateralization of assets

In terms of fees, the platform distinguishes between taker and maker activities.

As a taker, you incur a modest 5bps fee. However, no fees are charged for maker transactions, allowing you to provide liquidity at no cost.

The ability to lend your assets and earn interest diversifies your potential income streams, while borrowing allows you to access additional capital for trading.

With greater leverage comes increased risk, so managing your trades wisely is crucial.

 

#9. Margin DDEX

Margin DDEX is a hybrid decentralized exchange that allows you to trade with leverage. You can benefit from up to 5x leverage on two of the most popular cryptocurrencies: Bitcoin and Ethereum.

This platform combines the advantages of off-chain matching with on-chain settlement, providing you with both speed and security during your trading operations.

Here’s how Margin DDEX distinguishes itself:

• Leverage: Offers up to 5x for Bitcoin and Ethereum trading pairs.
• Hybrid Exchange Model: Utilizes off-chain order matching for efficiency and on-chain settlement for trustless transactions.
• Flat Fee Structure: Charges a fee of 0.10% across all trades without hidden costs.

This method of operation ensures that you can execute your trades quickly while still having the blockchain’s security for the actual settlement of assets.

The consistent fee rate also makes it easier to calculate your trading costs upfront, enhancing transparency.

 

#10. Futureswap

Futureswap stands out as a decentralized perpetual futures platform that caters to your needs by providing the possibility of leverage trading, with remarkable leverage of up to 30x, especially prominent with assets like Bitcoin, Ethereum, and various Uniswap tokens.

This platform is recognized for harnessing the innovative Automated Market Maker Plus (AMM+) mechanism.

This unique feature strategically adjusts the asset price and funding rate to reflect current supply and demand dynamics, ensuring you can trade with enhanced price efficiency.

You’ll appreciate the low-cost financial structure of Futureswap, where you encounter a modest trading fee of 0.05%.

Moreover, an additional funding fee of just 0.01% allows you to leverage trade without significant cost overhead.

Token Type	Leverage	Trading Fee	Funding Fee
Bitcoin	Up to 30x	0.05%	0.01%
Ethereum	Up to 30x	0.05%	0.01%
Uniswap Tokens	Up to 30x	0.05%	0.01%

Futureswap is particularly distinguished for its focus on maintaining the best execution environment for your trades.

The platform’s zero slippage model is a game-changer, letting you initiate long or short positions with precise market pricing, devoid of the typical tradeoff—slippage—found in other exchanges.

For liquidity providers, the benefit is evident, too. They face lower risk in the liquidity pools designed to minimize exposure while maximizing potential returns.

Futureswap offers you the power to undertake ambitious trading strategies on a platform as eager to innovate as you are to capitalize on market movements.

 

#11. Kine Exchange

The Kine Exchange differentiates itself as a decentralized exchange (DEX) which offers the unusual blend of decentralized and centralized features to cater to various trader preferences.

Focused on crypto margin trading, Kine allows you to engage in trades with leverage of up to 200x.

Features of Kine Exchange:

• Zero Gas Fees: By leveraging Layer 2 solutions, Kine ensures you experience minimal transaction costs.
• Dual Exchange Modes: You can trade centrally with built-in wallets or use the DEX for greater privacy.
• Advanced Trading Options: With both Cross Margin and Isolated Margin available, you have more tools to optimize your capital usage.

Security Aspects:

• Kine maintains a strong stance on providing a secure trading environment, although caution is always advised when trading on leverage to manage your risk effectively.

Incentive Programs:

• Various promotions, such as token giveaways, reduced trading fees, and futures loss subsidies, are periodically available to enhance your trading experience.

By offering a feature-rich platform with attention to user interface and seamless trading execution, Kine Exchange strives to make your derivatives trading straightforward and efficient.

Remember, while it offers high-leverage options, handling such powerful tools with an understanding of the risks involved is crucial.

 

Frequently Asked Questions

In this section, discover the pivotal details for engaging effectively in leverage trading on decentralized exchanges (DEXs).

What are the leading decentralized exchanges for high-leverage trading?

Leading decentralized exchanges facilitating high-leverage trading include Zoomex, which supports perpetual contracts against over 192 cryptocurrencies. GMX, operational on the Arbitrum and Avalanche networks, is also prominent for its perpetual leverage trading options.

How can one access leveraged positions in decentralized finance?

Choose a DEX that offers leverage trading to access leveraged positions in the decentralized finance space. After creating an account, you can select the trading pair and the level of leverage you wish to apply before executing your trade. Some platforms allow leverage up to 500 times the account balance, but it varies by instrument.

What are the top-rated DEX platforms for trading with leverage?

Among the top-rated DEX platforms for trading with leverage are GMX and Zoomex. GMX is recognized for its low trading fees and zero price-impact trades, while Zoomex offers advanced trading tools and a user-friendly interface in its application.

Which DEXs provide the best tools and interfaces for leverage traders?

DEX platforms like Zoomex are known for providing advanced trading tools and an intuitive application interface, which is essential for experienced traders looking for high-leverage options. Such features facilitate efficient and strategic trading activities.

How do decentralized exchanges ensure safety when offering leverage options?

Safety in decentralized exchanges is ensured through various mechanisms such as smart contract audits, insurance funds, and securing platforms against unauthorized access. They also implement rigorous security protocols to protect users from the additional risks associated with leverage trading.

Conclusion

In assessing the landscape of decentralized exchanges (DEXs) for leverage trading, your choice should be informed by the exchange’s features, such as trading fees, user interface, security measures, available assets, and network affiliations.

Each platform has distinct advantages catering to different trading styles and preferences.

GMX stands out on the Arbitrum and Avalanche networks for its comprehensive spot and perpetual leverage trading options. It’s appreciated for competitive trading fees and the capacity to execute zero-price-impact trades.

Takepile is notable for offering leverage of over 200x, advantageous transaction charges, and the claim of no slippage.

Meanwhile, Zoomex is distinguished by its wide selection of over 192 cryptocurrencies and a fee structure that benefits traders.

Before proceeding with any DEX, fully comprehend the inherent risks of leverage trading.

Appropriate due diligence and sound risk management practices are essential to navigate the volatile world of cryptocurrency trading effectively.

As the market evolves, so too do the offerings and capabilities of DEX platforms. Continually stay informed and adapt your strategies accordingly.

Your vigilance and informed decision-making are vital to leveraging the opportunities in decentralized finance (DeFi). Engage responsibly, and may your trading pursuits in the dynamic milieu of DeFi be both prudent and prosperous.