The cryptocurrency market has experienced remarkable growth globally, with the user base expanding significantly. The global user base of cryptocurrencies increased by nearly 190 percent between 2018 and 2020, only to accelerate further in 2022. Even in India, the numbers have increased, it is projected to grow to 107.29m users by 2025. This surge in popularity has led to the rise of numerous platforms catering to crypto trading, each offering unique features, fee structures, and performance. For professional investors seeking to capitalise on the volatility and potential of the crypto market, futures trading platforms provide sophisticated tools and opportunities. There are a lot of platforms available today that can help navigate the crypto futures trading based on their feature, fees and performance.
1. Pi42
Pi42 distinguishes itself as a unique platform, particularly for Indian professional traders. It is the only platform offering dedicated perpetual futures with INR and USD trading 250+ pairs, and users do not directly own or transact with VDAs, thereby avoiding the 30% VDA tax and 1% TDS. This focus on compliance with Indian regulations and ease of INR transactions makes it a compelling choice for traders in India. Pi42 emphasizes strategic and analytical approaches to mastering crypto markets, positioning itself as a fully regulated platform that prioritizes safe and legal trading. The platform offers leverage up to 75x, catering to various trading strategies. Key features include direct INR trading, tax benefits, pro-level risk management tools, and strong liquidity assurance.
2. Binance
Binance consistently ranks as one of the top crypto exchanges globally, and its futures platform is a leader in trading volume. It offers a vast array of futures contracts, with over 340 trading pairs and competitive fees. Binance provides high leverage options, allowing traders to amplify their positions. The platform supports futures contracts denominated and settled in stablecoins or the underlying cryptocurrency. With its comprehensive features and robust performance, Binance is a popular choice for professional traders worldwide.
3. CoinDCX
CoinDCX is a prominent crypto exchange in India, known for its user-friendly interface. It offers futures trading with up to 100x leverage on BTC and ETH pairs, and 50x leverage on over 300 other pairs. CoinDCX supports trading in INR and provides tools for tax reporting, which is crucial for Indian traders. The platform emphasizes security and compliance with local regulations, making it a reliable option for professional traders in India. It also offers features like automated tax reports and 24/7 customer support.
4. CoinSwitch
CoinSwitch is another India-focused platform that provides access to crypto futures trading through its CoinSwitch PRO platform. It offers over 480 futures contracts. CoinSwitch PRO aims to provide a trustworthy platform with low fees and strong liquidity. It also supports API futures trading, catering to professional traders who utilize algorithmic strategies. The platform highlights benefits such as hedging capabilities and the ability to profit from both rising and falling markets.
5. Mudrex
Mudrex offers a unique approach by providing automated crypto trading and investment solutions. While it may not be solely focused on futures trading, it provides tools and features that can be valuable for professional investors looking to automate their trading strategies, including in the futures market. Mudrex emphasizes security and compliance, offering features like insured funds and advanced encryption. It also facilitates easy INR deposits and withdrawals. While some user reviews mention complexities, Mudrex’s focus on automated trading can be an advantage for professionals seeking efficiency.
Choosing the right crypto futures trading platform is crucial for professional investors. These platforms offer a wide range of features and high leverage, catering to experienced traders globally and in India, respectively. Each platform has its strengths, and the best choice will depend on the individual trader’s needs, preferences, and regulatory requirements.
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