Best OKEx Alternatives: 7 cryptocurrency exchanges that offer trading features similar to Okex

This is an awesome list of top Okex alternatives which is highly recommended for all Okex traders. These sites are pretty good but in case, you need even better trading tools check out the following article.

List of 7 Best OKEx Alternatives

We have collected detailed information regarding crypto platforms that will assist you to buy and sell all kinds of coins and tokens, Binance holds the number one position due to its huge number of users and transactions.

Binance

Binance Futures is the world’s largest crypto derivatives trading platform, and it registers an average daily trading volume of over $40 billion, which is more than double that of the second-largest crypto derivatives trading platform.

The exchange allows trading in a diverse range of crypto derivatives products that include USDT-margined perpetual futures, COIN-M (token margined with or without expiry futures contracts), BTC Options, and leveraged tokens. Binance Futures offers maximum leverage of up to 125X, which is the highest in the industry.

The Eurex Spot FX trading platform is designed for professional traders who are looking to trade spot currency, energy, and metals. It’s also designed for traders with advanced technology needs. Binance is also the most favorite platform for miners who have a mining rig and earn different types of cryptocurrencies.

Binance’s USDC futures contracts are USD-margined, so they offer a 10% discount when the trading fee is paid using BNB tokens.

BayBit

The leading crypto derivatives platform for retail and professional traders, Bybit, was launched in 2017. They offer a smart, simple and innovative trading platform.

Some of the platform’s key features include a smart trading platform, deep liquidity, a powerful order matching engine that can process 100K TPS, an advanced pricing system, and a 99.999% system functionality rate.

It offers to trade in inverse perpetual contracts, linear perpetual contracts, and inverse futures contracts with up to 100X leverage.

Phemex

The platform offers trading in only futures contracts in 15 leading cryptocurrencies with a maximum leverage of up to 100X, all margined and settled in.

One of the most powerful trading platforms in the market can process over 300,000 trades per second and has an order response time of less than 1ms, making it one of the fastest exchanges in the market.

The platform caters to both professional and institutional traders by offering advanced features like the FIX API for institutional traders, sub-accounts feature for quantitative traders, and L3 market data. A very competitive trading fee structure is offered by Phemex. This app will charge 0.75% fee and rebate of 0.025%.

4

FTX

FTX

FTX is the first company to combine the speed of the bitcoin blockchain with a traditional clearinghouse system. They’re built from the ground up for institutional traders and are being offered as a hybrid exchange that gives the user access to a trading platform in a single interface.

Alameda Research Incubator is an exciting exchange. They offer perpetual and quarterly futures, leveraged token trading, BTC options, and proprietary products, including MOVE (a derivative). They have a maximum leverage of 101X, and it will only increase over time.

The FX Trading Desk at FTX offers a diverse range of crypto derivative tradable products, from high leverage to low leverage strategies.

We are the first company to offer an intelligent liquidation engine that manages liquidations and closes positions before turning negative, thus offering a robust risk-management framework.

While the six-tiered fee structure for FTX’s futures contracts might seem complex, in reality, the fees are actually very simple and straightforward, making them easy to understand.

If you have a credit card or debit card account with a US bank, then the processing fee is $0.30 as a maker and taker.

Deribit

Deribit is a Dutch-based exchange that started its services in June of 2016 The exchange platform is suitable for experienced traders and supports a number of advanced trading software like Actant. A range of trading tools, statistics, technical indicators, and key data related to futures and options trading are also offered by it.

On the BTC weekly futures contracts, it offers a maker rebate of 0.01% and also charges a fee of 0.05%. If you want to know more about the ETH and BTC perpetual, the charges are 0.05% only while the maker fee is NIL. For ETH and BTC options, Deribit will charge 0.03% as the fee to trade.

Primexbt

PrimeXBT is a cryptocurrency trading platform and one of the first regulated, fully compliant with international money-transmitter laws derivatives exchange.

The exchange is a powerful trading platform loaded with important trader tools, suitable for both retail and professional traders.

This cryptocurrency exchange was awarded as the best forex and crypto broker and the best platform for margin trading by the best awards: ADVFN International Financial Awards and Forex Awards. They offer the highest leverage for cryptocurrencies at up to 100X.

The order is fulfilled instantly and mostly at requested quotes, thanks to the access to 12+ liquidity providers.

Kraken

One of the oldest and best exchanges in the market is called Kraken and is based in the U.S. Their customer service is awesome and they have the most competitive exchange rates. The exchange platform has industry-leading security measures and advanced features.

The platform’s futures segment offers to trade in five contracts, including Bitcoin. Up to 50X maximum leverage is offered.

All users are required to complete the identity verification process before starting to trade. Once approved by Kraken, you will be able to trade immediately with a range of crypt-to-crypt pairs.

Conclusion:

The platforms listed below are some of the best in the market and have the same features as OKEx. The platforms of Bybit, FTX, and Binance are ahead of the pack. The platforms are great for beginners and experienced traders.

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