Bybit is a new exchange and gives you the ability to trade Bitcoin, Ethereum, Ripple and EOS perpetual contracts with up to 100:1 leverage. In a very short time they were able to build up a customer base of 100,000 traders and a steadily increasing volume.
Bybit is based in Singapore and operates under the Bybit Fintech Limited, registered in the British Virgin Islands. The team includes experts of the blockchain and finance sector. R&D team has experts that hail from BAT and risk management team is comprised of Morgan Stanley alums.
They have a strong focus on security and applies the Hierarchical Deterministic Cold Wallet System, which stores all assets. All withdrawls are manually processed three times a day. Moreover the website is fully SSL-encrypted. All sent passwords and adress informations are safe.
✔ Multiple Assets: BTC, ETH, XRP, EOS
✔ No KYC
✔ Maker rebate -0.0250%, Taker fees 0.0750%
✔ $15M+ in liquidity
✔ PnL in USUD and Bitcoin
✔ TP/SL with order entry
✔ Trailing stop as position closing function
✔ 24/7 Live Support from the Bybit Team
✔ No overloads through matching engine with 100,000 TPS
✘ Not widely known yet
✘ Small bugs like wrong formatted text
BitMEX (Bitcoin Mercantile Exchange) is a P2P trading platform & derivative market offering leveraged contracts which are traded in Bitcoin. It is the biggest player in the market, lead by Co-Founder and CEO Arthur Hayes. The team includes experienced developers, economists and HFT algorithm traders to offer a great product.
✔ Futures & derivates trading
✔ Advanced features
✔ Great liquidity
✘ Hard to use for beginners
✘ High withdrawl fees
✘ Regular server overloads
Deribit is an exchange for futures and options of cryptocurrencies. They are live since June 2016 after years of development. It was founded by John Jansen, Marius Jansen, Sebastian Smyczýnski and Andrew Yanovsky who are based with their company in Amsterdam.
Deribit is focussed on delivering a futures and options trading platform for professional traders, with the same standards as the traditional derivatives market. Their framework can handle quite a large amount of requests with low latency at the same time.
✔ Test platform for new traders
✔ Low fees
✔ Fast trading
✘ Bitcoin as only cash-in method
✘ Problems with overloads
✘ Geographically restricted in certain countries