Anyone Trading Crypto Futures on Binance?

MrMuppet said:
because US citizens are not allowed to trade crypto derivatives. You can trade spot as much as you want but as soon as you onboard to any derivatives exchange your application will be rejected.
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Damn total bummer. Thanks for clearing that up.
 
zghorner said:
50x leverage on highly volatile instruments => Yacht & tutes....or cardboard box and crack. Either way I'm down.

anyone have experience with these?
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I'm trading there, quite a lot. Very good (as for crypto) liquidity, especially on alts (but also the biggest BTC and ETH perps liquidity across exchanges).

If it's good for someone depends mostly on trading style.

About your derivatives problem - I think you will still be able to trade some perps on Bybit without verification (with little help of VPN or other solutions). Liquidity on main pairs is not that bad (similar to FTX), costs structure not that great but still not bad.

I think the same would be with OKX (also very good liquidity on main coins)
 
Crypto and crypto derivatives are considered to be gambling grounds in many countries. So governments apply gambling rules to them. That's what they are banned in the US.

IBKR keep sending me marketing propaganda about their crypto garbage, I guess you guys can use them if you want to trade crypto futures on CME.
 
I wouldn't advise that - liquidity on CME for crypto almost doesn't exist. Also margins are crazy.
Props, market makers etc. normally trade derivatives on Binance, FTX and other biggest exchanges - nothing scarry to trade there.
 
misterkel said:
I suggest the <coin>BULL tokens on FTX (Binance has a similar one, with lower fees - so might be better).
These work by Risk = ONLY amount paid. They function more like an ETF or a stock.
EXCEPT - they are programmed to accelarate into bull runs by rebalancing at 3:1 every night. This also has the effect of muting losses in a Bear run. Downside: (no free lunch) in deep chop, they lose more quickly than the underlying.
SO: buy after a massive drop and before BULL time. Seriously - Many of these tokens saw upside of 1000X, a few went 3000X, when the underlying went up by maybe 15X.
This is ThetaBull

View attachment 295168


As you can see it went from 341 to 790,000 during last years bull run. (I'll take that risk/reward).
It's since dropped to <.001, so the chop is brutal.
However, if you layer in small buys at the former support and steadily as it goes lower, for some moderate $$ risk, you receive potentially enormous return.
At this point, I'd only recommend ETHBULL - the fundamentals just shifted dramatically in ETH's favor and I predict at 60-70%, a decent bull run in ETH within the next 6 months.
Buy the dips, but don't go deep in ever.
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Any liquidation risk?
if eth doesnt go to zero obviously. I read that it's rebalanced daily, but is it capped? Or a -40% day can wipe it out?

Edit: I found this
https://help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough-READ-THIS-

I guess there is a risk, but it's an interesting bet on short term leveraged play.
 
angrytrader said:
Crypto and crypto derivatives are considered to be gambling grounds in many countries. So governments apply gambling rules to them. That's what they are banned in the US.

IBKR keep sending me marketing propaganda about their crypto garbage, I guess you guys can use them if you want to trade crypto futures on CME.
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That's utter bullshit, of course.

The reason why nobody wants any US clients is the citizenship tax. If you want to onboard US clients to your financial service you'd have to report to the IRS which is a huge hassle.

So as a matter of fact no:
- non US Hedgefund
- bank outside the US
- financial service provider

will onboard US clients if it isn't absolutely necessary and worth the effort.

In addition derivatives fall under the regulation of SEC, CFTC and FINRA, which haven't given their thumbs up, but in reality that's the smallest issue
 
cesfx said:
Any liquidation risk?
if eth doesnt go to zero obviously. I read that it's rebalanced daily, but is it capped? Or a -40% day can wipe it out?

Edit: I found this
https://help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough-READ-THIS-

I guess there is a risk, but it's an interesting bet on short term leveraged play.
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The token itself can definitely converge to zero - many have. But it cannot liquidate against your account so long as you don't buy the tokens themselves with leverage. not even sure if you can.
 
misterkel said:
I suggest the <coin>BULL tokens on FTX (Binance has a similar one, with lower fees - so might be better).
These work by Risk = ONLY amount paid. They function more like an ETF or a stock.
EXCEPT - they are programmed to accelarate into bull runs by rebalancing at 3:1 every night. This also has the effect of muting losses in a Bear run. Downside: (no free lunch) in deep chop, they lose more quickly than the underlying.
SO: buy after a massive drop and before BULL time. Seriously - Many of these tokens saw upside of 1000X, a few went 3000X, when the underlying went up by maybe 15X.
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Interesting idea.

I can't access these tokens, or any crypto ETFs, in my UK trading account.

But I can trade a 3x Coinbase ETF, which seems to follow 3x BTC fairly closely. Will give this some further thought before the next crypto bull market (assuming there is another bull run of course :D).
 
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