Home > 8 Best Crypto Leverage Trading Platforms in 2025 > 8 Best Crypto Leverage Trading Platforms in 2025
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Written by Larry Jones
Hi, I'm Larry Jones, an Financial Management graduate from Franklin University, where I focused on Finance. With a deep passion for trading and investing, I've immersed myself in the dynamic world of financial markets. Currently, I dedicate my time to trading while also educating others about the exciting opportunities in cryptocurrencies. Through my experience and expertise, I aim to make complex financial concepts accessible to everyone. Whether you're a seasoned trader or new to the world of investing, my goal is to provide you with valuable insights and practical knowledge to help you navigate the world of cryptocurrencies with confidence.
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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 February 2, 2025
In the dynamic landscape of cryptocurrency trading, leverage trading platforms are crucial for traders in the United States.
Leverage trading allows you to borrow funds to increase your trading position, amplifying potential gains and risks.
Choosing a platform that aligns with your trading needs, experience level, and risk appetite is essential.
This article reviews the best crypto margin trading platforms in the USA as of 2025, including Bybit, Phemex, BingX, Binance, Bitget, Kraken Pro, Crypto.com Exchange, CME, Coinbase International Exchange, Gemini, BYDFi, DYDX, and GMX.
To provide a comprehensive overview, we explore their leverage limits, fee structures, available tokens, security measures, and user support.
By examining these platforms, you’ll find one that offers the leverage options suited to your trading strategy and a secure, compliant environment within the USA’s regulatory framework.
Whether you’re a seasoned trader or new to the scene, this guide will help you find the proper exchange for your leverage trading endeavors, enabling you to make informed decisions and optimize your trading outcomes in the competitive cryptocurrency world.
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Phemex, established in 2019, is a relatively new player in the crypto exchange arena but has carved a reputation for offering robust leverage trading options.
As a trader, you can engage in leverage trading with up to 100x on certain products, allowing for considerable exposure to various cryptocurrencies.
Regarding spot markets, Phemex distinguishes itself by allowing ample leverage. Leveraged trading can amplify both your gains and risks, so it is vital to approach it with a thorough understanding of the market.
In the realm of margin trading, Phemex supports a growing number of cryptocurrencies, enhancing your trading flexibility. Here’s a concise look at some critical aspects of leverage trading on Phemex:
One of the highlights of Phemex is its approach to KYC (Know Your Customer). While KYC is standard practice, Phemex offers leverage trading without mandatory KYC verification, streamlining the process for traders prioritizing privacy.
Pros of Phemex:
Cons of Phemex:
Remember that while the lack of strict KYC procedures can be advantageous, it also places a greater responsibility on you to ensure safe and legally compliant trading practices.
Founded in March 2018, Bybit has made its mark in the crypto world, specializing in leverage trading. When leveraging on spot markets, Bybit is notable for allowing you to amplify your trading capacity.
Leverage on Spot Markets:
Supported Coins for Margin Trading:
Fees Structure:
KYC Requirements:
Pros of Bybit:
Cons of Bybit:
By engaging in margin trading with Bybit, you can access powerful tools to enhance your trading experience.
Despite the risks inherent in high-leverage trading, Bybit provides a transparent fee structure and a platform that caters to various trader expertise levels.
BingX is a cryptocurrency exchange platform that offers you the facility of leverage trading. Originating as a socially integrated trading exchange, BingX emphasizes connecting traders and enhancing their strategic trading capabilities.
Pros of BingX:
Cons of BingX:
BingX could be an appropriate option if you are looking for a user-friendly exchange that adds a social element to its trading environment.
Pros & Cons of Using Binance:
By choosing Binance for crypto leverage trading, you align yourself with a robust platform recognized for its advanced trading features and commitment to security.
Bitget has positioned itself as a prominent crypto leverage trading market player. Established as a centralized exchange, it caters to your needs for various forms of margin trading, including futures and copy trading.
Leverage Availability: For spot markets, Bitget offers a flexible leverage scale, providing you with the opportunity to control the level of risk and reward:
Supported Coins: On Bitget’s margin trading platform, you can access:
Fee Structure: The fees on Bitget for leverage trading are designed to be competitive:
KYC Requirements: Margin trading on Bitget includes verification of KYC (Know Your Customer) to ensure a secure trading environment.
Pros of Bitget:
Cons of Bitget:
When you trade on Bitget, you experience a high-leverage environment with a user-friendly interface that both novices and veterans can easily navigate.
The exchange provides tools to help manage risk while engaging in leverage trading. However, always remember that high leverage comes with high risk, and it’s crucial to trade responsibly.
Kraken, founded in 2011 and headquartered in San Francisco, is a well-established cryptocurrency exchange that allows you to engage in leverage trading.
You can access leverage up to 5x on various spot markets when using Kraken Pro for margin trading.
This level of leverage allows you greater exposure to potential gains while increasing risks, so you must understand the mechanics and your comfort with such strategies.
On Kraken, you’re not limited to just a few options; the platform supports over 100 cryptocurrencies that can be traded on margin.
This diversity allows you to make strategic choices across a broader spectrum of digital assets.
While trading with leverage on Kraken, expect a fee range between 0.01% and 0.02% to open positions.
Moreover, for every 4 hours that the position is open, a rollover fee is incurred at the same rate, making it crucial for you to monitor your trades proactively.
Kraken mandates Know Your Customer (KYC) procedures for margin trading to ensure security and regulatory compliance.
Your personal information will be required as part of this process, which aligns with industry-standard practices to prevent fraud and illegal activities.
Pros & Cons of Kraken:
Before you proceed with leverage trading, you must understand your financial goals and risk.
Remember that while leverage can amplify returns, it can also accentuate losses.
Founded to accelerate the world’s transition to cryptocurrency, Crypto.com is a significant player in crypto trading, offering various services, including leverage trading.
On their platform, you can access leverage on spot markets, multiplying potential gains (or losses) depending on the asset.
Leverage on Spot Markets: Crypto.com provides leverage of up to 3x for spot trading. This allows you to borrow funds to trade more prominent positions than your existing capital.
Supported Coins: With Crypto.com, you can trade several cryptocurrencies on margin. The number of supported coins can vary, but the platform offers popular options such as BTC, ETH, and various altcoins.
Fees Structure:
Trade Volume (30D) | Maker Fee | Taker Fee |
---|---|---|
≤ $250,000 | 0.10% | 0.16% |
> $250,000 | 0.09% | 0.15% |
Note: Fees decrease with higher trading volume.
KYC Requirements: While trading on margin with Crypto.com, you must complete Know Your Customer (KYC) procedures to comply with regulatory standards. This typically involves providing identification and other personal details.
Pros of Crypto.com:
Cons of Crypto.com
Your experience with Crypto.com’s leverage trading features might be shaped by how you value ease of use, security, and compliance with regulatory standards. Remember that while leverage can amplify gains, it also increases the risk of losses, and it’s crucial to trade responsibly.
The Chicago Mercantile Exchange (CME) Group, a cornerstone of financial derivatives trading, has embraced cryptocurrency within its offerings.
Your transition into crypto leverage trading through CME is grounded in the exchange’s solid financial history, ensuring a robust and regulated trading environment.
Leverage Availability:
Supported Coins:
Fee Structure:
KYC Requirements:
Pros of CME:
Cons of CME:
Your engagement with CME for crypto leverage trading involves balancing the pros of a trusted and well-regulated platform against the cons, including a relatively narrow selection of cryptocurrencies and the inherent complexity of trading sophisticated financial instruments.
When you’re diving into the world of cryptocurrency trading, you’ll find that Coinbase stands as a pivotal platform. It has a solid foundation in the crypto space and caters to traders looking to engage in leverage trading.
At Coinbase, you can trade with leverage, and for spot markets, this could reach up to 3x leverage based on current regulations.
Coinbase supports a variety of cryptocurrencies for margin trading, allowing you to diversify your portfolio. It’s important to note that while the exact number of supported coins may change, you can expect to have access to most of the popular assets.
Here’s a quick breakdown of the fee structure:
These fees align with your trading volume and the asset being traded and are competitive with the market standards.
To maintain a secure trading environment, Know Your Customer (KYC) protocols are stringent on Coinbase.
Verifying your identity before starting leverage trading would be best, underscoring their commitment to regulatory compliance and security.
Pros of Coinbase:
Cons of Coinbase:
By engaging with Coinbase, you’re using a platform that is confident in offering secure, regulated, and comprehensive leverage trading services in the crypto market.
Foundational History: Gemini focused on compliance and security within the crypto space. It provides leverage trading options to cater to both novice and experienced traders.
Leverage on Spot Markets: On spot markets, Gemini allows you to engage in trading with leverage that can amplify your trading position. However, the leverage ratio may vary based on the market’s condition and regulatory changes.
Supported Coins on Margin Trading:
Fee Structure:
KYC Process:
Pros & Cons:
Pros of Gemini:
Cons Of Gemini:
Your trading on Gemini assures a platform built on a foundation of strict compliance and user safety in mind.
With a wide selection of coins and a straightforward KYC process, your leverage trading needs are well-serviced, albeit mindful of the potential higher costs for less active traders.
BYDFi, established in 2020, quickly garnered attention for its leverage trading options in the cryptocurrency sphere.
The platform is headquartered in Singapore and operates globally, including in the USA, where FinCEN regulates it.
When considering leverage on spot markets, BYDFi stands out by offering up to 200x leverage, a notable figure in the industry.
Regarding cryptocurrency diversity, BYDFi supports a broad range of coins for margin trading. This allows you to diversify your trading strategies across various cryptocurrencies.
You need to be aware of the fees associated with leverage trading. BYDFi implements a competitive fee structure within the market, though specifics can vary depending on the type of trade executed.
Regarding the Know Your Customer (KYC) procedures, BYDFi does require KYC to comply with regulatory standards, particularly for margin trading.
This adds a layer of security to your trading activities, ensuring a safer trading environment.
Pros of BYDFi:
Cons of BYDFi:
These pros and cons could influence Your experience with BYDFi, depending on your trading preferences and security and regulation compliance requirements.
dYdX is your go-to decentralized platform if you’re looking for a powerful leverage trading experience. Founded by a former Coinbase engineer, Antoni Juliano, in 2017, it has rapidly become a distinguished player in DeFi.
Leverage on Spot Markets:
Supported Coins:
dYdX supports a range of cryptocurrencies for margin trading. You have various options beyond just the major players like Bitcoin and Ethereum.
Fee Structure:
Your trading volume affects the fees on dYdX. They range from 0% to 0.05%, and holding dYdX’s native token (DYDX) may unlock further discounts.
KYC Policy:
Unlike most centralized exchanges, dYdX does not require Know Your Customer (KYC) verification for margin trading, which can be an attractive feature for traders who prioritize privacy.
Pros of dYdX:
Cons of dYdX:
Your trading on dYdX is enhanced by the StarkWare layer two scaling solution, which ensures fast and cost-effective transactions. Governed by its users, it gives you a voice in the platform’s future—making you more than just a trader.
GMX is a decentralized exchange specializing in perpetual contracts that allows you to trade directly from your wallet on Arbitrum and Avalanche.
Established to cater to novice and experienced traders, GMX offers a unique platform for engaging with leverage in the crypto markets.
The fee structure on GMX is designed to share the revenue with liquidity providers:
When it comes to personal verification:
Pros:
Cons:
By engaging with GMX for crypto leverage trading, you’ll experience a user-focused platform that offers a balance of features suitable for various trading strategies without compromising your privacy.
You may have several questions when navigating the terrain of cryptocurrency leverage trading in the US. Below are answers to common inquiries surrounding this topic to guide your decisions.
You can engage in leverage trading with cryptocurrency through several platforms in the US. Notable exchanges include Kraken, which has been operating for an extended period and focuses on experienced traders, and KuCoin, offering up to 10x leverage on margin trading and up to 100x on futures trading.
Margex and KuCoin are known to offer up to 100x leverage on specific trading pairs and products. It’s important to note that while high leverage can amplify gains, it also increases trading risks.
Currently, no US exchanges offer leverage of 200x or higher. Regulatory guidelines and the risk management policies of most platforms cap leverage at a maximum of 100x.
Yes, it is legal to conduct leverage trading in the United States.
However, the activity is regulated, and using platforms that comply with US laws is essential. Exchanges like Kraken and KuCoin allow leverage trading and operate within the US regulatory framework.
In the US, you can leverage trade crypto on reputable exchanges such as Kraken, Binance.US, eToro, Coinbase Pro, and Gemini.
These platforms offer varying degrees of leverage, typically ranging from 2x to 10x, and are known for their robust security, user-friendly interfaces, and regulatory compliance.
Each exchange has its features and requirements, so it is advisable to review their offerings to determine the best fit for your trading needs.
To trade leverage crypto in the US, first choose a reputable exchange that offers margin trading, like Kraken, Binance.US, eToro, Coinbase Pro, or Gemini.
Create and verify your account through the KYC process, deposit funds, and enable margin trading.
Select your desired trading pair and leverage, place your trade, and actively manage your position with risk management tools such as stop-loss orders.
Finally, monitor your trades and close them when appropriate to secure profits or minimize losses.
In the landscape of cryptocurrency exchanges offering leverage to traders in the USA, options such as KuCoin and Margex have established themselves with competitive offerings, including various leverage ratios up to 100x.
MEXC distinguishes itself further with a leverage option up to 200x. Meanwhile, OKX is noteworthy for those looking to delve into crypto options markets, particularly with Bitcoin and Ethereum.
When choosing a cryptocurrency exchange for leverage trading, security, trading pair availability, and fee structure should be at the forefront of your considerations.
Using sophistication in your approach is essential, aligning with your risk tolerance and trading strategy. Trading on margin with leverage is risky, so proceed cautiously and be well-informed.
Remember, the platforms mentioned have been highlighted for their performance and offerings.
Should you decide to step into crypto leverage trading in the USA, these platforms could be a starting point for your journey into margin trading.
It’s advisable to conduct thorough research and consider all associated risks.
Hi, I'm Larry Jones, an Financial Management graduate from Franklin University, where I focused on Finance. With a deep passion for trading and investing, I've immersed myself in the dynamic world of financial markets. Currently, I dedicate my time to trading while also educating others about the exciting opportunities in cryptocurrencies. Through my experience and expertise, I aim to make complex financial concepts accessible to everyone. Whether you're a seasoned trader or new to the world of investing, my goal is to provide you with valuable insights and practical knowledge to help you navigate the world of cryptocurrencies with confidence.
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