Directory
Venues
Centralized exchanges, perpetual DEXs, and brokers that list the instruments in this directory.
Binance
Largest crypto exchange by volume. USD-M perpetuals advertise up to 125x on BTC. Spot and margin markets sit alongside coin-m futures.
Bybit
High-volume derivatives venue. USDT perpetuals are the core product, with advertised BTC leverage up to 100x.
OKX
Full-stack CEX with spot, perpetuals, options, and on-chain products. BTC/ETH perps typically advertise 100x.
Bitget
Copy-trading and USDT-M perpetuals. Advertised BTC leverage up to 125x.
Gate.io
Wide altcoin listing set. Perpetual futures cover majors and a long tail of smaller names.
KuCoin
Spot plus USDT-M and coin-m futures. Leverage on majors is typically 50–100x.
MEXC
Known for listing newer alts quickly. Futures leverage on majors is commonly 50–200x depending on the contract.
Coinbase
Primarily a spot exchange for US and EU retail. Advanced Trade is 1x spot. Derivatives exist in limited, jurisdiction-specific forms.
Kraken
Spot, margin, and some futures. Leverage is more conservative than offshore CEXs, with BTC futures often around 50x.
Hyperliquid
On-chain perpetual order book. Typical advertised max leverage is 40x BTC, 20–25x ETH, and 5–20x on alts.
dYdX
Perpetual DEX. Leverage is lower than offshore CEXs — commonly 20x on BTC/ETH and 5–10x on others.
Deribit
The main crypto options venue, plus BTC/ETH/SOL perpetuals and dated futures. Options leverage is margin-based rather than a fixed multiple.
BitMEX
Early Bitcoin derivatives venue. Inverse (coin-margined) perpetuals remain the signature product. BTC leverage up to 100x.
GMX
Pool-based perpetuals. Typical max leverage around 50x on BTC/ETH and lower on other markets.
HTX
Spot and USDT-M perpetuals across majors and alts.
Phemex
Futures-first CEX. Advertised BTC leverage is commonly 100x.
BingX
Copy trading plus USDT-M perpetuals, with advertised BTC leverage up to 150x on some contracts.
BloFin
Derivatives-focused CEX popular with perp traders. BTC leverage commonly 100–150x.