Research

Best Play to Earn Crypto Games in 2025: Top Blockchain Games Rewarding Players with Real Value

Discover the top play-to-earn crypto games of 2025, where blockchain technology rewards players with real value. Explore the best options now!
Token Metrics Team
8 min
MIN

The gaming landscape has fundamentally transformed, with blockchain technology enabling players to earn real cryptocurrency and own valuable digital assets through gameplay. Unlike traditional games where in game items remain locked within a single ecosystem, play to earn games offer true ownership and the ability to generate income while enjoying immersive gameplay.

In 2025, the play to earn sector has matured significantly, moving beyond early experimental models to establish sustainable economies that reward skilled players with genuine value. These blockchain games combine entertaining gameplay mechanics with tokenized economies, creating virtual worlds where players compete, complete quests, and trade virtual assets for real world value.

This comprehensive guide explores the best play to earn crypto games currently rewarding players with substantial returns, examining their earning mechanisms, entry requirements, and long-term potential. Whether you’re a casual gamer seeking passive income or a dedicated player looking to maximize crypto rewards, understanding these top blockchain games will help you make informed decisions about where to invest your time and resources.

What Are Play-to-Earn Games and How They Work in 2025

Play to earn games represent a revolutionary shift in the gaming industry, utilizing blockchain technology to create decentralized virtual worlds where players truly own their in game assets. Unlike traditional games where purchased items belong to the game publisher, P2E games grant players complete ownership through non fungible tokens and smart contracts.

The core mechanism behind these crypto games involves rewarding players with the game’s native token for various in game actions. Players earn money by winning battles, completing missions, trading virtual land, or participating in the game’s economy through staking and governance activities. These digital assets can be freely traded on decentralized marketplaces, with values determined by player demand and asset rarity.

Earning Mechanisms in Modern P2E Games

Today’s best play to earn games offer multiple revenue streams beyond simple gameplay rewards. Players collect rare NFT items through exploration and combat, participate in tournament prizes, and benefit from the appreciation of virtual real estate investments. Some games reward community participation, while others offer passive income through staking mechanisms.

The tokenized nature of these gaming economies means that skilled players can earn rewards comparable to part-time employment. Virtual economies operate independently of traditional gaming companies, with in game currencies maintaining real world value through cryptocurrency exchanges and peer-to-peer trading.

Advanced players often diversify across multiple blockchain based games, treating their gaming activities as a portfolio of crypto tokens and virtual assets. This approach helps mitigate the volatility inherent in individual game’s ecosystems while maximizing overall earning potential.

Top 10 Best Play-to-Earn Crypto Games in 2025

The following blockchain games represent the most lucrative and sustainable earning opportunities available to players in 2025. Each game operates on proven economic models with active player bases and consistent reward distribution.

Axie Infinity - The Pioneer P2E Game Still Paying in 2025

Axie Infinity remains the gold standard among play to earn games, maintaining over one million active players and a robust economy built around collecting, breeding, and battling NFT creatures. Players earn Smooth Love Potion (SLP) through daily activities and Axie Infinity Shards (AXS) through competitive gameplay and governance participation.

The game operates on the Ronin blockchain, a custom Ethereum sidechain that enables low cost transactions without the prohibitive gas fees associated with mainnet Ethereum. This infrastructure allows players to complete in game transactions efficiently while maintaining the security benefits of blockchain technology.

Recent updates have introduced free starter Axies, significantly lowering the barrier to entry for new players. Skilled competitors can earn between $2-20 daily, depending on their rank, daily activity level, and current token market prices. The game’s universe continues expanding with new gameplay modes and economic mechanisms designed to ensure long-term sustainability.

Community-led guilds have emerged as a professional layer within axie infinity, pooling resources and sharing strategies to optimize earning potential. These organizations often provide scholarships to new players, splitting earnings in exchange for providing initial investment capital.

The Sandbox - Create and Earn in the Blockchain Metaverse

The Sandbox represents the pinnacle of virtual world games, offering players the opportunity to own, develop, and monetize virtual real estate through LAND NFTs. This decentralized virtual world operates on a creator-driven economy where users build games, host events, and trade virtual land for substantial profits.

The SAND token serves multiple functions within the game’s ecosystem, facilitating governance decisions, staking rewards, and all marketplace transactions. Players generate income through land appreciation, rental fees, and creating monetizable experiences using the integrated game maker tools.

Major brand partnerships with celebrities and entertainment companies have driven significant value appreciation for prime virtual real estate locations. Early investors in strategic LAND parcels have seen substantial returns as the platform’s user base expanded throughout 2024 and 2025.

Content creators particularly benefit from The Sandbox’s monetization model, as the VoxEdit and Game Maker tools enable the creation and sale of custom NFT assets. The platform’s emphasis on user-generated content ensures a constantly evolving virtual world with new earning opportunities.

Illuvium - AAA Open World RPG with NFT Creature Collection

Illuvium delivers AAA-quality open world exploration combined with sophisticated NFT creature collection mechanics. This open world rpg rewards players with ILV tokens for PvE exploration, PvP battles, and participating in the game’s evolving narrative.

Built on Immutable X, Illuvium ensures gas-free NFT transactions while maintaining Ethereum-level security. This technical infrastructure removes one of the primary barriers that prevent casual gamers from participating in blockchain games, as players never worry about transaction costs eating into their earnings.

The free to play model welcomes all players, while premium features like rare creature minting and high-stakes tournaments offer enhanced earning potential for those willing to make an initial investment. Beta testing throughout early 2025 demonstrated strong player engagement and consistent NFT trading volume.

Staking ILV tokens provides additional passive income streams, with rewards distributed to holders who commit to long-term ecosystem participation. The combination of active gameplay rewards and passive staking returns creates multiple paths to profitability within the game’s universe.

Big Time - Free-to-Play MMORPG with Cosmetic NFT Economy

Big Time combines fast-paced MMORPG action with a sophisticated cosmetic NFT economy that rewards skilled players without requiring upfront investment. Players earn BIGTIME tokens through dungeon raids, crafting activities, and participating in the game’s player-driven marketplace.

The game’s emphasis on cosmetic NFTs rather than pay-to-win mechanics ensures that success depends on player skill rather than wallet size. SPACE NFTs function as virtual real estate, enabling owners to operate shops and benefit from marketplace transaction fees.

Operating on Ethereum with Open Loot integration, Big Time offers interoperability with other blockchain games and easy asset trading. The free to play nature attracts a broad audience, while the earning potential keeps dedicated players engaged long-term.

Community events and seasonal content updates provide regular opportunities for earning limited-edition NFTs and bonus token rewards. The game’s economy balances accessibility for newcomers with substantial earning potential for dedicated players.

Gods Unchained - Strategic Trading Card Game with Real Ownership

Gods Unchained stands out among trading card games by offering complete ownership of digital cards through NFT technology. Players earn GODS tokens through ranked matches, tournament participation, and strategic card trading on the game’s marketplace.

The free to play entry removes financial barriers while maintaining competitive depth that rewards strategic thinking and deck-building skills. Monthly tournaments feature substantial prize pools, with skilled players earning significant crypto rewards through competitive play.

Card forging mechanics allow players to combine multiple copies into higher-rarity versions, creating additional value through strategic collection management. The professional esports scene surrounding Gods Unchained provides aspirational earning targets for dedicated competitive players.

Unlike traditional collectible card games, players retain full ownership of their collections and can freely trade or sell cards outside the game’s ecosystem. This true ownership model ensures that time invested in building collections maintains real world value.

Splinterlands - Decentralized Card Battle Strategy

Splinterlands operates as a decentralized card battle game on the Hive blockchain, rewarding players with Dark Energy Crystals (DEC) and Splintershards (SPS) through competitive battles and tournament participation. The game’s economy supports multiple earning streams including card rental, tournament prizes, and staking rewards.

The low-cost blockchain infrastructure enables frequent transactions without prohibitive fees, making it accessible to players regardless of their initial investment level. Daily quests and seasonal rewards provide consistent earning opportunities for active players.

Guild participation adds a social layer to earnings, with collaborative events and shared rewards encouraging community engagement. The decentralized autonomous organization structure gives players governance rights proportional to their SPS holdings.

Star Atlas - Space Exploration MMORPG

Star Atlas combines MMORPG mechanics with economic strategy in a space exploration setting. Players earn through resource mining, interstellar trade, and PvP combat while building fleets and establishing territorial control.

Operating on the Solana blockchain ensures fast transaction processing and low fees, crucial for the real-time economic activities that drive the game’s universe. The medium-to-high entry cost reflects the game’s sophisticated graphics and complex economic systems.

Pixels - Social Farming Metaverse

Pixels offers a casual approach to play to earn gaming through farming simulation and social interaction. The large free to play component makes it accessible to newcomers, while the item crafting and trading systems provide earning opportunities for dedicated players.

My Neighbor Alice - Creative Building and Social Gaming

My Neighbor Alice focuses on creative building and social interaction within a charming virtual world. Players earn through NFT land ownership, item creation, and participating in community events.

Gunz - AAA Battle Royale with Crypto Rewards

Gunz delivers competitive battle royale action with tokenized rewards and NFT weapon systems. The high-quality graphics and intense gameplay attract traditional gamers while the crypto economy provides earning incentives.

Blockchain Platforms Supporting P2E Games in 2025

The infrastructure supporting play to earn games has evolved dramatically, with multiple blockchain platforms offering distinct advantages for different gaming experiences. Understanding these platforms helps players choose games that align with their technical preferences and economic goals.

Ethereum remains the most established platform for NFT games, though high gas fees necessitate Layer 2 solutions for practical gameplay. Polygon provides a popular alternative with low transaction costs and high throughput, making it ideal for games requiring frequent player interactions.

Immutable X has emerged as a preferred platform for AAA-quality games, offering instant, gas-free NFT trading through zero-knowledge rollup technology. This infrastructure removes traditional blockchain friction while maintaining Ethereum-level security.

Solana excels in supporting real-time gaming applications through its high-speed transaction processing, though the ecosystem remains smaller than Ethereum-based alternatives. The Ronin blockchain, purpose-built for gaming, demonstrates how specialized infrastructure can optimize the player experience.

Cross-chain compatibility has become increasingly important, with leading games supporting multiple blockchains to capture broader audiences. This trend toward interoperability benefits players by providing more options for asset management and trading.

How to Start Playing and Earning from P2E Games

Entering the play to earn ecosystem requires careful preparation and strategic thinking. Success begins with establishing secure cryptocurrency wallets and understanding basic blockchain security principles before committing significant time or resources.

Essential Setup Requirements

New players must first secure a compatible cryptocurrency wallet, typically MetaMask for Ethereum-based games or specialized wallets like Ronin for specific ecosystems. Understanding private key management and recognizing common scams protects investments and prevents costly mistakes.

Research represents the most critical initial step, as the quality and sustainability of P2E games vary dramatically. Investigating team backgrounds, reading community feedback, and analyzing tokenomics helps identify legitimate projects with long-term potential.

Choosing Your First Game

Budget considerations should guide initial game selection, as entry costs range from completely free to thousands of dollars for premium NFT collections. Beginning with free to play options allows newcomers to understand P2E mechanics without financial risk.

Time commitment varies significantly between games, with some requiring daily attention while others generate passive income through staking mechanisms. Aligning game selection with available time ensures sustainable participation and consistent earning potential.

Risk management principles apply to P2E gaming just as they do to traditional investing. Never invest more than you can afford to lose, diversify across multiple games and assets, and maintain realistic expectations about earning potential.

Maximizing Earnings from Play-to-Earn Games

Advanced players employ sophisticated strategies to optimize their earning potential across multiple blockchain games and economic mechanisms. Understanding market dynamics, timing, and diversification principles significantly impacts long-term profitability.

Advanced Earning Strategies

NFT flipping requires market knowledge and timing skills, as players identify undervalued assets and sell during demand spikes. Successful flippers study game updates, monitor community sentiment, and understand rarity mechanics that drive asset values.

Staking and yield farming provide passive income streams that complement active gameplay earnings. Many games offer staking rewards for holding native tokens, while DeFi integration enables additional yield through liquidity provision.

Guild participation often multiplies individual earning potential through resource sharing, collaborative strategies, and bulk purchasing power. Experienced guilds provide education and support while offering profit-sharing arrangements for contributed assets.

Market Timing and Portfolio Management

Understanding market cycles helps players optimize when to sell earned tokens and NFTs for maximum value. Cryptocurrency markets exhibit cyclical behavior, and timing major sales during favorable conditions significantly impacts overall returns.

Diversification across multiple gaming ecosystems reduces risk while providing exposure to different earning mechanisms. Balancing high-risk, high-reward investments with stable, consistent earners creates more predictable income streams.

Community engagement often correlates with earning success, as active participants gain early access to new features, airdrops, and exclusive opportunities. Building reputation within gaming communities opens doors to additional earning possibilities.

P2E Game Types and Earning Opportunities in 2025

The diversity of play to earn games ensures opportunities for players with different preferences, skill levels, and time commitments. Understanding various game categories helps players identify the most suitable earning opportunities.

Mobile Gaming and Accessibility

Mobile devices have become increasingly important platforms for P2E games, offering accessibility and convenience for casual gamers. These games typically feature lower entry barriers and simplified mechanics while still providing legitimate earning opportunities.

Location-based games utilize smartphone capabilities to create unique earning experiences tied to real-world movement and social interaction. These hybrid experiences attract players who prefer active, outdoor gaming combined with crypto rewards.

Competitive Gaming and Esports

Strategy games and collectible card games reward skill development and strategic thinking with substantial tournament prizes and ranking-based rewards. Professional players in these categories often earn amounts comparable to traditional employment through dedicated practice and competition.

Racing games and battle royale titles attract players seeking fast-paced action combined with competitive earning potential. These games often feature shorter play sessions while maintaining meaningful reward systems.

First-person shooters and fighting games appeal to traditional gamers while introducing crypto economics through weapon skins, character customization, and tournament participation.

Virtual World Development

Virtual worlds and metaverse platforms offer unique earning opportunities through content creation, event hosting, and virtual real estate development. Creative players can monetize their building and design skills while participating in expanding digital economies.

Social gaming elements within virtual worlds create earning opportunities through community management, education, and facilating trade between other players. These service-based earnings complement traditional gameplay rewards.

DeFi Integration and Financial Gaming

Games incorporating decentralized finance protocols enable players to earn through liquidity provision, lending, and complex financial strategies. These hybrid applications attract players interested in both gaming and DeFi yield optimization.

Governance participation in DAO-structured games provides additional earning streams through voting rewards and proposal creation. Engaged community members benefit from platform development decisions while earning governance tokens.

Risks and Challenges in Play-to-Earn Gaming

While P2E gaming offers legitimate earning opportunities, players must understand and manage significant risks that can impact their investments and time commitments. Market volatility remains the most immediate concern, as token values fluctuate based on broader cryptocurrency market conditions and game-specific developments.

Economic and Market Risks

Token price volatility can dramatically impact daily earnings, with successful players one day earning substantial amounts while facing minimal returns during market downturns. This unpredictability makes P2E gaming unsuitable as a primary income source without careful risk management.

Inflation pressures within individual game economies can erode earning power over time if developers fail to balance token supply and demand effectively. Games like Axie Infinity have demonstrated both the potential and challenges of maintaining sustainable economic models.

Technical and Security Challenges

Smart contract vulnerabilities pose risks to player assets, as bugs or exploits can result in permanent loss of valuable NFTs and tokens. Choosing games with audited contracts and established security track records reduces but doesn’t eliminate these risks.

Wallet security remains a constant concern, as players must protect private keys while frequently interacting with multiple blockchain applications. Understanding common attack vectors and maintaining proper security hygiene prevents costly mistakes.

Regulatory and Legal Considerations

Regulatory uncertainty across different jurisdictions creates potential compliance challenges for players earning significant amounts through P2E gaming. Tax implications vary by location and may require professional guidance for substantial earners.

Some regions classify P2E tokens as securities or gambling instruments, potentially restricting access or creating legal complications for participants. Staying informed about local regulations helps players maintain compliance while participating in global gaming economies.

Project Quality and Longevity

The P2E space contains numerous low-quality projects and outright scams designed to exploit inexperienced players. Due diligence requirements include researching development teams, analyzing tokenomics, and evaluating community sentiment before investing time or money.

Rug pulls and abandoned projects represent significant risks, as developers may abandon games after collecting initial investments from players. Diversification and skeptical evaluation help mitigate these risks while identifying legitimate opportunities.

Future of Play-to-Earn Games and Blockchain Gaming

The evolution of blockchain gaming points toward increasingly sophisticated experiences that blur the lines between traditional gaming and decentralized finance. Technological improvements in blockchain infrastructure continue reducing barriers while enabling more complex gaming economies.

Technological Advancements

Layer 2 scaling solutions and alternative blockchains are making P2E games more accessible by reducing transaction costs and increasing speed. These improvements enable real-time gaming experiences without the friction historically associated with blockchain interactions.

Integration of artificial intelligence and machine learning creates dynamic game economies that automatically balance supply and demand for virtual assets. These systems help maintain stable earning opportunities while adapting to changing player behavior patterns.

Cross-chain interoperability allows players to move assets between different games and platforms, creating a more connected ecosystem of virtual worlds. This development increases asset utility while reducing the risk of being locked into a single game’s economy.

Mainstream Adoption Trends

Traditional gaming companies are increasingly experimenting with blockchain integration, bringing established intellectual properties and professional development resources to the P2E space. This mainstream adoption validates the model while improving overall game quality.

Mobile gaming platforms are incorporating P2E mechanics into existing successful games, exposing millions of traditional players to crypto earning opportunities. This trend accelerates adoption while reducing the learning curve for new participants.

Economic Model Evolution

Sustainable tokenomics models are emerging that balance player earning potential with long-term game viability. These systems incorporate dynamic adjustment mechanisms that respond to economic conditions while maintaining incentive structures.

Integration with broader DeFi ecosystems enables more sophisticated financial strategies within gaming contexts. Players can participate in lending, borrowing, and yield farming using their gaming assets as collateral or liquidity sources.

The development of gaming-specific financial infrastructure, including specialized insurance products and asset management tools, supports the maturation of P2E as a legitimate earning category. These services reduce risks while improving the overall player experience.

Getting Started: Your P2E Gaming Journey

Success in play to earn gaming requires a strategic approach that balances earning potential with risk management and personal enjoyment. Starting with thorough research and modest investments allows players to develop skills and understanding before committing significant resources.

Choose games that align with your interests and available time, as sustainable earning requires consistent participation over extended periods. The most successful P2E players treat their gaming activities as both entertainment and investment, maintaining realistic expectations while pursuing optimization strategies.

Focus on learning game mechanics, understanding economic systems, and building relationships within gaming communities. These foundational elements support long-term success regardless of short-term market fluctuations or individual game performance.

Consider P2E gaming as part of a diversified approach to cryptocurrency exposure rather than a primary income source. This perspective helps maintain proper risk management while taking advantage of the unique opportunities that blockchain games provide.

The future of gaming increasingly includes player ownership, decentralized economies, and real value creation through virtual activities. By starting your journey now with careful preparation and realistic expectations, you position yourself to benefit from the continued evolution of this revolutionary gaming model.

Remember that the best play to earn crypto games reward dedicated players who understand their mechanics, participate actively in their communities, and adapt to changing market conditions. Success comes through persistence, education, and strategic thinking rather than quick profits or speculation.

Begin with free to play options to minimize risk while gaining experience, then gradually expand your participation as you develop skills and understanding. The blockchain gaming ecosystem offers unprecedented opportunities for players willing to invest the time and effort required to master these new economic models.

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Research

Top Institutional Custody Providers (2025)

Sam Monac
5 min
MIN

Why Institutional Crypto Custody Providers Matter in September 2025

Institutional custody is the backbone of professional digital-asset operations. The right institutional custody provider can safeguard private keys, segregate client assets, streamline settlement, and enable workflows like staking, financing, and governance. In one sentence: an institutional crypto custodian is a regulated organization that safekeeps private keys and operationalizes secure asset movements for professional clients. In 2025, rising ETF inflows, tokenization pilots, and on-chain settlement networks make safe storage and compliant operations non-negotiable. This guide is for funds, treasuries, brokers, and corporates evaluating digital asset custody partners across the US, EU, and APAC. We compare security posture, regulatory status (e.g., qualified custodian where applicable), asset coverage, fees, and enterprise UX—so you can shortlist fast and execute confidently.

How We Picked (Methodology & Scoring)

  • Liquidity (30%): Depth/venues connected, settlement rails, prime/brokerage adjacency.

  • Security (25%): Key management (HSM/MPC), offline segregation, audits/SOC reports, insurance disclosures.

  • Coverage (15%): Supported assets (BTC/ETH + long tail), staking, tokenized products.

  • Costs (15%): Transparent billing, AUC bps tiers, network fee handling, minimums.

  • UX (10%): Console quality, policy controls, APIs, reporting.

  • Support (5%): White-glove ops, SLAs, incident response, onboarding speed.

Data sources: Official product/docs, trust/security pages, regulatory/licensing pages, and custodian legal/fee disclosures. Market size/sentiment cross-checked with widely cited datasets; we did not link third parties in-body.

Last updated September 2025.

Top 10 Institutional Crypto Custody Providers in September 2025

1. Coinbase Prime Custody — Best for US-regulated scale

Why Use It: Coinbase Custody Trust Company is a NY state-chartered trust and qualified custodian, integrated with Prime trading, staking, and Web3 workflows. Institutions get segregated cold storage, SOC 1/2 audits, and policy-driven approvals within a mature prime stack. Coinbase+2Coinbase+2
Best For: US managers, ETF service providers, funds/treasuries that need deep liquidity + custody.
Notable Features:

  • Qualified custodian (NY Banking Law) with SOC 1/2 audits

  • Vault architecture + policy engine; Prime integration

  • Staking and governance support via custody workflows Coinbase+1
    Consider If: You want a single pane for execution and custody with US regulatory clarity.
    Alternatives: Fidelity Digital Assets, BitGo
    Fees/Notes: Enterprise bps on AUC; network fees pass-through.
    Regions: US/Global (eligibility varies).

2. Fidelity Digital Assets — Best for traditional finance ops rigor

Why Use It: A division of Fidelity with an integrated custody + execution stack designed for institutions, offering cold-storage execution without moving assets and traditional operational governance. Fidelity Digital Assets+1
Best For: Asset managers, pensions, corporates seeking a blue-chip brand and conservative controls.
Notable Features:

  • Integrated custody + multi-venue execution

  • Operational governance and reporting ethos from TradFi

  • Institutional research and coverage expansion Fidelity Digital Assets+1
    Consider If: You prioritize a legacy financial brand with institutional processes.
    Alternatives: BNY Mellon, Coinbase Prime
    Fees/Notes: Bespoke enterprise pricing.
    Regions: US/EU (eligibility varies).

3. BitGo Custody — Best for multi-jurisdiction options

Why Use It: BitGo operates qualified custody entities with coverage across North America, EMEA, and APAC, plus robust policy controls and detailed billing methodology for AUC. The Digital Asset Infrastructure Company+1
Best For: Funds, market makers, and enterprises needing global entity flexibility.
Notable Features:

4. Anchorage Digital Bank — Best for federal bank oversight

Why Use It: The only crypto-native bank with an OCC charter in the US; a qualified custodian with staking and governance alongside institutional custody. Anchorage+1
Best For: US institutions that want bank-level oversight and crypto-native tech.
Notable Features:

  • OCC-chartered bank; qualified custodian

  • Staking across major PoS assets

  • Institutional console + policy workflows Anchorage+1
    Consider If: You need federal oversight and staking inside custody.
    Alternatives: Coinbase Prime Custody, Fidelity Digital Assets
    Fees/Notes: Enterprise pricing; staking terms by asset.
    Regions: US (select global clients).

5. BNY Mellon Digital Asset Custody — Best for global bank infrastructure

Why Use It: America’s oldest bank runs an institutional Digital Assets Platform for safekeeping and on-chain services, built on its global custody foundation—ideal for asset-servicing integrations. BNY+1
Best For: Asset servicers, traditional funds, and banks needing large-scale controls.
Notable Features:

  • Integrated platform for safekeeping/servicing

  • Bank-grade controls and lifecycle tooling

  • Enterprise reporting and governance BNY
    Consider If: You prefer a global bank custodian with mature ops.
    Alternatives: Fidelity Digital Assets, Sygnum Bank
    Fees/Notes: Custom; bank service bundles.
    Regions: US/EU (eligibility varies).

6. Gemini Custody — Best for security-first cold storage

Why Use It: Gemini Trust Company is a NY-chartered fiduciary and qualified custodian with air-gapped cold storage, role-based governance, and SOC reports—plus optional insurance coverage for certain assets. Gemini+1
Best For: Managers and corporates prioritizing conservative cold storage.
Notable Features:

  • Qualified custodian; segregated cold storage

  • Role-based governance and biometric access

  • Broad supported-asset list Gemini
    Consider If: You need straightforward custody without bundled trading.
    Alternatives: BitGo, Coinbase Prime Custody
    Fees/Notes: Tailored plans; network fees apply.
    Regions: US/Global (eligibility varies).

7. Komainu — Best for regulated multi-hub custody (Jersey/UK/UAE/EU)

Why Use It: Nomura-backed Komainu operates regulated custody with segregation and staking, supported by licenses/registrations across Jersey, the UAE (Dubai VARA), the UK, and Italy—useful for cross-border institutions. Komainu+1
Best For: Institutions needing EMEA/Middle East optionality and staking within custody.
Notable Features:

  • Regulated, segregated custody

  • Institutional staking from custody

  • Governance & audit frameworks Komainu+1
    Consider If: You require multi-jurisdiction regulatory coverage.
    Alternatives: Zodia Custody, BitGo
    Fees/Notes: Enterprise pricing on request.
    Regions: EU/UK/Middle East (global eligibility varies).

8. Zodia Custody — Best for bank-backed, multi-license EMEA coverage

Why Use It: Backed by Standard Chartered, Zodia provides institutional custody with air-gapped cold storage, standardized controls, and licensing/registrations across the UK, Ireland, Luxembourg, and Abu Dhabi (ADGM). zodia-custody.com+1
Best For: Asset managers and treasuries seeking bank-affiliated custody in EMEA.
Notable Features:

  • Air-gapped cold storage & policy controls

  • Multi-region regulatory permissions (EMEA/MENA)

  • Institutional onboarding and reporting zodia-custody.com
    Consider If: You want bank-backed governance and EU/Middle East reach.
    Alternatives: Komainu, BNY Mellon
    Fees/Notes: Custom pricing.
    Regions: UK/EU/MENA/APAC (per license/authorization).

9. Sygnum Bank — Best for Swiss banking-grade custody + settlement network

Why Use It: FINMA-regulated Swiss bank providing off-balance-sheet crypto custody, staking, and Sygnum Connect—a 24/7 instant settlement network for fiat, crypto, and stablecoins. Sygnum Bank+1
Best For: EU/Asia institutions valuing Swiss regulation and bank-grade controls.
Notable Features:

  • Off-balance-sheet, ring-fenced custody

  • Staking from custody and asset risk framework

  • Instant multi-asset settlement (Sygnum Connect) Sygnum Bank+1
    Consider If: You want Swiss regulatory assurances + 24/7 settlement.
    Alternatives: AMINA Bank, BNY Mellon
    Fees/Notes: AUC bps; see price list. Sygnum Bank
    Regions: EU/APAC (CH/SG).

10. Hex Trust — Best for APAC institutions with MAS-licensed stack

Why Use It: A fully licensed APAC custodian offering on-chain segregation, role-segregated workflows, staking, and—in 2025—obtained a MAS Major Payment Institution license to offer DPT services in Singapore, rounding out custody + settlement. Hex Trust+1
Best For: Funds, foundations, and corporates across Hong Kong, Singapore, and the Middle East.
Notable Features:

  • On-chain segregated accounts; auditability

  • Policy controls with granular sub-accounts

  • Staking & integrated markets services Hex Trust
    Consider If: You want APAC-native licensing and operational depth.
    Alternatives: Sygnum Bank, Komainu
    Fees/Notes: Enterprise pricing; insurance program noted. Hex Trust
    Regions: APAC/Middle East (licensing dependent).

Decision Guide: Best By Use Case

How to Choose the Right Institutional Custody Provider (Checklist)

  • Regulatory fit: Qualified custodian or bank charter where required by your advisors/LPAs.

  • Asset coverage: BTC/ETH + the specific long-tail tokens or staking assets you need.

  • Operational controls: Policy rules, role segregation, whitelists, hardware/MPC key security.

  • Settlement & liquidity: RFQ/OTC rails, prime integration, or instant networks.

  • Fees: AUC bps, network fee handling, staking commissions, onboarding costs. The Digital Asset Infrastructure Company

  • Reporting & audit: SOC attestations, proof of segregated ownership, audit trails. Coinbase

  • Support: 24/7 ops desk, SLAs, incident processes.

  • Red flags: Commingled wallets, unclear ownership/legal structure, limited disclosures.

Use Token Metrics With Any Custodian

  • AI Ratings: Screen assets with on-chain + quant scores to narrow to high-conviction picks.
  • Narrative Detection: Identify sector momentum early (L2s, RWAs, staking).

  • Portfolio Optimization: Balance risk/return before you allocate from custody.

  • Alerts & Signals: Monitor entries/exits and risk while assets stay safekept.
    Workflow (1–4): Research in Token Metrics → Select assets → Execute via your custodian’s trading rails/prime broker → Monitor with TM alerts.


 

Primary CTA: Start free trial.

Security & Compliance Tips

  • Enforce hardware/MPC key ceremonies and multi-person approvals.

  • Use role-segregated policies and allowlisting for withdrawals.

  • Align KYC/AML and travel-rule workflows with fund docs and auditors.

  • Document staking/airdrop entitlements and slashing risk treatment.

  • Keep treasury cold storage separate from hot routing wallets.

This article is for research/education, not financial advice.

Beginner Mistakes to Avoid

  • Picking a non-qualified entity when your mandate requires a qualified custodian.

  • Underestimating operational lift (approvals, whitelists, reporting).

  • Ignoring region-specific licensing/eligibility limitations. Hex Trust+1

  • Focusing only on fees without evaluating security controls.

  • Mixing trading and custody without strong policy separation.

FAQs

What is a qualified custodian in crypto?
A qualified custodian is a regulated entity (e.g., trust company or bank) authorized to hold client assets with segregation and audited controls, often required for investment advisers. Look for clear disclosures, SOC reports, and trust/bank charters on official pages. Coinbase+1

Do I need a qualified custodian for my fund?
Many US advisers and institutions require qualified custody under their compliance frameworks; your legal counsel should confirm. When in doubt, choose a trust/bank chartered provider with documented segregation and audits. Coinbase

Which providers support staking from custody?
Anchorage, Coinbase Prime, Komainu, Sygnum, and Hex Trust offer staking workflows from custody (asset lists vary). Confirm asset-by-asset support and commissions. Hex Trust+4Anchorage+4Coinbase+4

How are fees structured?
Most providers price custody in annualized basis points (bps) on average assets under custody; some publish methodologies or fee schedules. Network fees are usually passed through. The Digital Asset Infrastructure Company

Can I keep assets off-exchange and still trade?
Yes—prime/custody integrations and instant-settlement networks let you trade while keeping keys in custody, reducing counterparty risk. Examples include Coinbase Prime and Sygnum Connect. Coinbase+1

Are there regional restrictions I should know about?
Licensing/availability varies (e.g., Hex Trust operates under MAS MPI in Singapore; Zodia holds permissions across UK/EU/ADGM). Always confirm eligibility for your entity and region. Hex Trust+1

Conclusion + Related Reads

If you operate in the US with strict compliance needs, start with Coinbase Prime, Fidelity, or Anchorage. For bank-backed EMEA coverage, look to BNY Mellon or Zodia. For Swiss banking controls and instant settlement, Sygnum stands out; in APAC, Hex Trust offers strong licensing and workflows. BitGo and Komainu excel when you need multi-jurisdiction flexibility.
Related Reads:

  • Best Cryptocurrency Exchanges 2025

  • Top Derivatives Platforms 2025

  • Top Institutional Custody Providers 2025

‍

Research

Best Retail Crypto Wallets (Mobile/Web) 2025

Sam Monac
5 min
MIN

Why Retail Crypto Wallets (Mobile/Web) Matter in September 2025

Retail-friendly mobile and web wallets make crypto usable—on your phone and in your browser—without relying on a centralized custodian. This guide ranks the best retail crypto wallets for 2025 so you can safely store, send, swap, and explore Web3. A crypto wallet is software that holds your keys and lets you sign transactions; self-custody means you control those keys.
We focus on practical needs: everyday buys, swaps, NFT viewing, multi-chain coverage, and clear fees. Expect mainstream names alongside rising multichain players. Secondary considerations include mobile crypto wallet UX, web3 wallet dapp access, and self-custody wallet security. If you’re new, start with a wallet that offers simple onboarding and robust recovery. If you’re advanced, look for pre-transaction risk checks, multichain swaps, and hardware support.

How We Picked (Methodology & Scoring)

  • Liquidity (30%) – depth and routing quality for in-wallet swaps/bridging; reliable asset movement.

  • Security (25%) – self-custody design, audits, MPC/multisig options, hardware compatibility, recovery.

  • Coverage (15%) – number of supported chains/tokens and NFT handling.

  • Costs (15%) – transparent swap/bridge fees and gas handling.

  • UX (10%) – onboarding, performance, transaction clarity, portfolio/NFT views.

  • Support (5%) – docs, help centers, in-app support channels.
    Sources: official product/docs pages, security/transparency pages, and (for cross-checks only) reputable market datasets. Last updated: September 2025.

Top 10 Retail Crypto Wallets (Mobile/Web) in September 2025

1. MetaMask — Best for EVM & massive dapp coverage

Why Use It: The most ubiquitous Web3 wallet, MetaMask balances power and familiarity. It’s everywhere dapps are, with mobile + browser extension, good network support, and strong swap/bridge routing in-app. Smart Transactions and built-in security alerts improve reliability for everyday users. MetaMask
Best For: EVM users, NFT collectors, L2 explorers, DeFi regulars.
Notable Features: Smart Transactions; Swaps/Bridge aggregator; MetaMask Learn; mobile + major browsers. MetaMask+1
Consider If: You want explicit fee transparency—MetaMask Swaps includes a 0.875% service fee (plus network gas). MetaMask Help Center
Alternatives: Trust Wallet, OKX Wallet.
Regions: Global.
Fees Notes: Network fees; MetaMask Swaps service fee 0.875%. MetaMask Help Center

2. Trust Wallet — Best all-rounder for mobile + extension

Why Use It: Trust Wallet offers a simple, one-stop experience: buy, send, swap, stake, and manage NFTs across many chains. Its mobile app is fast, and the extension integrates with popular EVM and non-EVM chains. Trust Wallet+1
Best For: Beginners who want breadth; multichain NFT holders; mobile-first users.
Notable Features: Built-in DApp browser; simplified swaps with gas optimization; staking flows. Trust Wallet
Consider If: You want no added swap fee—Trust says it doesn’t charge extra on swaps (you still pay network/third-party fees). Trust Wallet
Alternatives: MetaMask, Crypto.com Onchain.
Regions: Global.
Fees Notes: Network/partner fees apply; Trust states no added in-app swap fee. Trust Wallet

3. Base app (formerly Coinbase Wallet) — Best for Coinbase ecosystem & onchain social

Why Use It: Rebranded as the Base app, the former Coinbase Wallet keeps familiar self-custody features while embracing Base/L2 culture and onchain social/activity. If you already use Coinbase products, onboarding is straightforward while staying self-custodial. Coinbase
Best For: Coinbase users going self-custody; Base/L2 explorers; web3 social/NFT dabblers.
Notable Features: Self-custody; trading, posting, playing; continuity for Coinbase Wallet users. Coinbase
Consider If: You prefer chain-agnostic advanced tooling—others may offer deeper multichain utilities today.
Alternatives: MetaMask, Rainbow.
Regions: Global.
Fees Notes: Network fees; third-party swap/partner fees where used. Coinbase

4. Phantom — Best for Solana + solid multichain UX

Why Use It: Phantom started Solana-first and has grown into a polished multichain wallet (Solana, Ethereum, and more). The interface is clean, with strong NFT views and transaction clarity—great for newcomers to Solana and cross-chain dabblers. Phantom+1
Best For: Solana users, NFT traders, multichain retail.
Notable Features: In-wallet swaps and bridging; gasless swaps on Solana (select cases); robust notifications/history. Phantom Support+1
Consider If: You want the lowest possible swap fees—Phantom lists 0.85% on select pairs, with separate gas/bridge fees. Phantom Support
Alternatives: OKX Wallet, Trust Wallet.
Regions: Global.
Fees Notes: Network fees; Phantom fee 0.85% on select swaps; gasless-swap fee rules apply on Solana. Phantom Support+1

5. OKX Wallet — Best for power users who want DEX depth

Why Use It: OKX Wallet (extension + mobile) plugs you into OKX’s DEX aggregator, NFT marketplace, and DeFi. It offers multiple swap modes and solid routing—useful when chasing best execution across chains. OKX Wallet+1
Best For: DeFi users seeking liquidity routing; cross-chain swappers; NFT traders.
Notable Features: Multi-mode swaps; DEX aggregator; marketplace; Earn/Discover sections. OKX Wallet
Consider If: You need crystal-clear fee schedules—OKX lists DEX interface fee tiers up to 0.85% depending on pair groups. OKX Wallet
Alternatives: MetaMask, Bitget Wallet.
Regions: Global (wallet).
Fees Notes: Network fees; OKX DEX interface fee 0–0.85% by pair category. OKX Wallet

6. Exodus — Best for design & easy portfolio views

Why Use It: Exodus is a long-standing, self-custodial wallet with a beautifully designed UI across desktop and mobile. Portfolio tracking and NFT galleries are polished, and its Web3 Wallet extends multichain support. Exodus
Best For: Newcomers who want clarity; portfolio-first users; multi-device use.
Notable Features: Multichain Web3 Wallet; thousands of swap pairs; simple buy/sell integrations. Exodus
Consider If: You want explicit fee details—Exodus doesn’t charge send/receive wallet fees, but network and partner fees still apply. Exodus Knowledge Base
Alternatives: Crypto.com Onchain, ZenGo.
Regions: Global.
Fees Notes: No Exodus send/receive fees; network fees + third-party swap/fiat fees may apply. Exodus Knowledge Base

7. Crypto.com Onchain — Best for simple multichain + Crypto.com tie-ins

Why Use It: Formerly known as the DeFi Wallet experience, Crypto.com Onchain is a self-custodial app with multichain support, in-wallet trading, and dapp access. It’s friendly for users who like Crypto.com’s ecosystem but want self-custody keys. Crypto.com
Best For: Mobile-first users; staking/earn explorers; Crypto.com ecosystem fans.
Notable Features: Local key encryption; import via 12/18/24-word phrases; multichain trading & dapp browser. Crypto.com
Consider If: You prefer a purely chain-agnostic wallet without exchange brand ties—others may feel “lighter.”
Alternatives: Trust Wallet, Exodus.
Regions: Global (feature availability can vary).
Fees Notes: Network/partner fees; self-custody (no custodial withdrawal fees). Crypto.com

8. ZenGo — Best for seed-phrase-free MPC security

Why Use It: ZenGo uses MPC to remove single-point seed phrase risks while keeping you in self-custody. That makes setup and recovery less nerve-wracking for new users, without buying hardware. Zengo+1
Best For: Beginners prioritizing recovery; mobile-only users; security-conscious travelers.
Notable Features: Seed-phrase-free MPC; in-app buy/swap; staking for select assets. Zengo+1
Consider If: You want classic seed control or advanced on-chain tooling—some power features are simpler by design.
Alternatives: Ledger Live (with hardware), Trust Wallet.
Regions: Global.
Fees Notes: Network fees; partner fees for buy/swap as quoted in-app. Zengo

9. Bitget Wallet — Best for active swappers & airdrop hunters

Why Use It: Formerly BitKeep, Bitget Wallet has grown into a large multichain wallet with DEX aggregation, dapp discovery, and memecoin-friendly flows. It’s geared for on-chain traders who want routing and token coverage across 65+ chains. Bitget Wallet+1
Best For: Power users in DeFi; memecoin and airdrop participants; cross-chain swaps.
Notable Features: Multichain DEX aggregator; dapp hub; iOS/Android + Chrome extension. Bitget Wallet
Consider If: You prefer a simpler, beginner-first interface—others above are more hand-holding.
Alternatives: OKX Wallet, MetaMask.
Regions: Global.
Fees Notes: Network fees; interface/partner fees vary by route/pair. Bitget Wallet

10. Ledger Live — Best for hardware-backed mobile/desktop security

Why Use It: Ledger Live is the companion app to Ledger hardware wallets; it brings buy, swap, stake, and portfolio monitoring into a single interface while private keys stay in the hardware device. Great for retail users who want a mobile/desktop app but insist on offline signing. Ledger
Best For: Long-term holders; high-value accounts; users planning to add hardware.
Notable Features: Buy/sell/swap/stake modules; multi-asset support; iOS/Android + desktop. Google Play+1
Consider If: You don’t own hardware—full security benefits require a Ledger device.
Alternatives: ZenGo (MPC), Trezor Suite (with hardware).
Regions: Global.
Fees Notes: Network fees; partner fees for buy/swap as quoted in-app. Ledger

Decision Guide: Best By Use Case

  • Regulated U.S. on-ramp familiarity: Base app (formerly Coinbase Wallet)

  • Global multichain coverage + liquidity routing: OKX Wallet, Bitget Wallet

  • Solana-first with smooth UX: Phantom

  • EVM & dapp coverage: MetaMask

  • Mobile simplicity (no seed phrase): ZenGo

  • Polished design & portfolio tracking: Exodus

  • Exchange-brand ecosystem, self-custody keys: Crypto.com Onchain

  • Hardware-secured flows: Ledger Live

  • Beginner-friendly all-rounder: Trust Wallet

How to Choose the Right Retail Crypto Wallet (Checklist)

  • Confirm eligibility/availability in your region and app store.

  • Verify chain coverage (BTC + your primary L1s/L2s).

  • Decide on custody model: classic seed, MPC (no seed), or hardware-backed.

  • Review fees: swap/bridge interface fees + network gas.

  • Evaluate UX: transaction previews, risk alerts, NFT view, portfolio.

  • Check support: searchable help center, in-app ticketing.

  • Compliance fit: consider your tax/KYC needs with on-ramps.

  • Red flags: fake download pages; apps that ask you to type your seed phrase into a website or pop-up.

Use Token Metrics With Any Wallet

  • AI Ratings to screen assets by quality and momentum.

  • Narrative Detection to spot early theme shifts.

  • Portfolio Optimization to balance risk across chains.

  • Alerts & Signals to monitor entries/exits.
    Workflow: Research → Select wallet → Execute on-chain → Monitor with alerts.\

Primary CTA: Start free trial

Security & Compliance Tips

  • Enable biometrics + 2FA (where available) and set a strong passcode.

  • Back up recovery materials: seed phrase metal card, or MPC recovery kits.

  • Prefer hardware signing for larger balances.

  • Use transaction previews and simulation/risk checks before signing.

  • Keep software updated; download only from official sites/app stores.

This article is for research/education, not financial advice.

Beginner Mistakes to Avoid

  • Saving seed phrases in cloud notes/screenshots.

  • Sending coins to the wrong chain or address format.

  • Ignoring fee settings or slippage in swaps.

  • Approving unlimited token allowances without review.

  • Falling for phishing domains and fake extensions.

FAQs

What is a retail crypto wallet (mobile/web)?
A mobile/web retail wallet is software that stores your private keys and lets you sign transactions from your phone or browser. Most are self-custodial, meaning you—not an exchange—control your keys.

Is a self-custody wallet safer than keeping coins on an exchange?
Self-custody removes exchange counterparty risk. However, you must protect recovery methods (seed phrase, MPC recovery) and your device. Hardware or MPC-based options can add protection.

Which wallet is best for beginners?
For simplicity: Trust Wallet, Exodus, or ZenGo. They have straightforward onboarding, clear portfolio views, and solid docs. Advanced users might prefer MetaMask, Phantom, or OKX Wallet for deeper on-chain tooling. OKX Wallet+5Trust Wallet+5Exodus+5

What fees should I expect?
You’ll always pay network gas. Some wallets add interface/service fees on swaps/bridges (e.g., MetaMask 0.875%; Phantom 0.85% on select pairs; OKX DEX 0–0.85% depending on token groups). MetaMask Help Center+2Phantom Support+2

Do I need hardware for mobile/web wallets?
No. Many work fine without hardware. For higher balances, pairing a mobile/web app with a hardware wallet (e.g., via Ledger Live) can reduce signing risk. Ledger

Can I use one wallet across multiple chains?
Yes—most featured wallets are multichain. Check chain lists and NFT support before migrating. OKX Wallet+2Bitget Wallet+2

Conclusion + Related Reads

If you want maximum dapp coverage, go MetaMask; Solana-centric with great UX, pick Phantom; for exchange-adjacent simplicity, choose Base app or Crypto.com Onchain; for hardware-backed security, Ledger Live. Power users chasing routing and airdrops may prefer OKX Wallet or Bitget Wallet, while newcomers should consider Trust Wallet, Exodus, or ZenGo.
Related Reads:

  • Best Cryptocurrency Exchanges 2025

  • Top Derivatives Platforms 2025

  • Top Institutional Custody Providers 2025

‍

Research

Top Derivatives Platforms for Futures & Options (2025)

Sam Monac
5 min
MIN

If you trade crypto futures and options, picking the right derivatives platforms can make or break your results. In this guide, we sort the top exchanges and on-chain venues by liquidity, security, costs, and product depth so you can match your strategy to the right venue—fast. You’ll find quick answers near the top, deeper context below, and links to official resources. We cover crypto futures, crypto options, and perpetual swaps for both centralized and decentralized platforms.

Quick answer: The best platform for you depends on region/eligibility, contract types (perps, dated futures, options), fee structure, margin system, and support quality. Below we score each provider and map them to common use cases.

How We Picked (Methodology & Scoring)

We scored each provider using the weights below (0–100 total):

  • Liquidity (30%) – Depth, spreads, and market resilience during volatility.

  • Security (25%) – Operational history, custody model, risk controls, and disclosures.

  • Coverage (15%) – Contract variety (BTC/ETH majors, alt perps, dated futures, options).

  • Costs (15%) – Trading/withdrawal fees, funding rates context, rebates.

  • UX (10%) – Execution workflow, APIs, mobile, analytics/tools.

  • Support (5%) – Docs, status pages, client service, institutional access.

Sources: Official platform pages, help centers, and product docs; public disclosures and product catalogs; our hands-on review and long-term coverage of derivatives venues. Last updated September 2025.

Top 10 Derivatives Platforms in September 2025

Each summary includes why it stands out, who it’s best for, and what to consider. Always check regional eligibility.

1. Binance Futures — Best for global liquidity at scale Binance+2Binance+2

Why Use It: Binance Futures offers some of the deepest books and widest perp listings, with robust APIs and portfolio margin. It’s a go-to for active traders who need speed and breadth.
Best For: High-frequency/active traders; systematic/API users; altcoin perp explorers.
Notable Features: Perpetuals and dated futures, options module, copy trading, portfolio margin.
Consider If: You need U.S.-regulated access—availability may vary by region.
Alternatives: OKX, Bybit.

2. OKX — Best for breadth + toolset OKX+2OKX+2

Why Use It: Strong product coverage (perps, dated futures, options) with solid liquidity and a polished interface. Good balance of features for discretionary and API traders.
Best For: Multi-instrument traders; users wanting options + perps under one roof.
Notable Features: Unified account, options chain, pre-market perps, apps and API.
Consider If: Region/eligibility and KYC rules may limit access.
Alternatives: Binance Futures, Bybit.

3. Bybit Derivatives — Best for active perps traders Bybit+2Bybit+2

Why Use It: Competitive fees, broad perp markets, solid tooling, and a large user base make Bybit attractive for day traders and swing traders alike.
Best For: Perps power users; copy-trading and mobile-first traders.
Notable Features: USDT/USDC coin-margined perps, options, demo trading, OpenAPI.
Consider If: Check your local rules—service availability varies by region.
Alternatives: Binance Futures, Bitget.

4. Deribit — Best for BTC/ETH options liquidity deribit.com+1

Why Use It: Deribit is the reference venue for crypto options on BTC and ETH, with deep liquidity across maturities and strikes; it also offers futures.
Best For: Options traders (directional, spreads, volatility) and institutions.
Notable Features: Options analytics, block trading tools, test environment, 24/7 support.
Consider If: Regional access may be limited; primarily majors vs. broad alt coverage.
Alternatives: Aevo (on-chain), CME (regulated futures/options).

5. CME Group — Best for U.S.-regulated institutional futures Reuters+3CME Group+3CME Group+3

Why Use It: For institutions needing CFTC-regulated access, margin efficiency, and robust market infrastructure, CME is the standard for BTC/ETH futures and options.
Best For: Funds, corporates, and professionals with FCM relationships.
Notable Features: Standard and micro contracts, options, benchmarks, data tools.
Consider If: Requires brokerage/FCM onboarding; no altcoin perps.
Alternatives: Coinbase Derivatives (U.S.), Kraken Futures (institutions).

6. dYdX — Best decentralized perps (self-custody) dYdX Chain+2dydx.xyz+2

Why Use It: dYdX v4 runs on its own chain with on-chain settlement and pro tooling. Traders who want non-custodial perps and transparent mechanics gravitate here.
Best For: DeFi-native traders; users prioritizing self-custody and transparency.
Notable Features: On-chain orderbook, staking & trading rewards, API, incentives.
Consider If: Wallet/key management and gas/network dynamics add complexity.
Alternatives: Aevo (options + perps), GMX (alt DEX perps).

7. Kraken Futures — Best for compliance-minded access incl. U.S. roll-out Kraken+2Kraken+2

Why Use It: Kraken offers crypto futures for eligible regions, with a growing U.S. footprint via Kraken Derivatives US and established institutional services.
Best For: Traders who value brand trust, support, and clear documentation.
Notable Features: Pro interface, institutional onboarding, status and support resources.
Consider If: Product scope and leverage limits can differ by jurisdiction.
Alternatives: Coinbase Derivatives, CME.

8. Coinbase Derivatives — Best for U.S.-regulated access + education AP News+3Coinbase+3Coinbase+3

Why Use It: NFA-supervised futures for eligible U.S. customers and resources that explain contract types. Outside the U.S., Coinbase also offers derivatives via separate entities.
Best For: U.S. traders needing regulated access; Coinbase ecosystem users.
Notable Features: Nano BTC/ETH contracts, 24/7 trading, learn content, FCM/FCM-like flows.
Consider If: Contract lineup is narrower than global offshore venues.
Alternatives: CME (institutional), Kraken Futures.

9. Bitget — Best for alt-perps variety + copy trading Bitget+3Bitget+3Bitget+3

Why Use It: Bitget emphasizes a wide perp catalog, social/copy features, and frequent product updates—useful for traders rotating across narratives.
Best For: Altcoin perp explorers; copy-trading users; mobile-first traders.
Notable Features: USDT/USDC-margined perps, copy trading, frequent listings, guides.
Consider If: Check eligibility and risk—breadth can mean uneven depth in tail assets.
Alternatives: Bybit, OKX.

10. Aevo — Best on-chain options + perps with unified margin Aevo Documentation+3Aevo+3Aevo Documentation+3

Why Use It: Aevo runs a custom L2 (OP-stack based) and offers options, perps, and pre-launch futures with unified margin—bridging CEX-like speed with on-chain settlement.
Best For: Options/perps traders who want DeFi custody with pro tools.
Notable Features: Unified margin, off-chain matching + on-chain settlement, pre-launch markets, detailed docs and fee specs.
Consider If: On-chain workflows (bridging, gas) and product scope differ from CEXs.
Alternatives: Deribit (options liquidity), dYdX (perps DEX).

Decision Guide: Best By Use Case

How to Choose the Right Platform (Checklist)

  • Region & Eligibility: Confirm KYC/AML rules and whether your country is supported.

  • Coverage & Liquidity: Check your contract list (majors vs. alts), order-book depth, and spreads.

  • Custody & Security: Decide CEX custody vs. self-custody (DEX). Review incident history and controls.

  • Costs: Compare maker/taker tiers, funding mechanics, and rebates across your actual volumes.

  • Margin & Risk: Portfolio margin availability, liquidation engine design, circuit breakers.

  • UX & API: If you automate, verify API limits and docs; assess mobile/desktop parity.

  • Support & Docs: Look for status pages, live chat, and clear product specs.

  • Red flags: Vague disclosures; no status page; no detail on risk/liquidation systems.

Use Token Metrics With Any Derivatives Platform

  • AI Ratings & Signals: Spot changing trends before the crowd.
  • Narrative Detection: Track sectors and catalysts that may drive perp flows.

  • Portfolio Optimization: Size positions with risk-aware models and scenario tools.

  • Alerts: Get notified on grade moves, momentum changes, and volatility spikes.

Workflow (1–4): Research with Token Metrics → Pick venue(s) above → Execute perps/options → Monitor with alerts and refine.

Primary CTA: Start free trial

Security & Compliance Tips

  • Enable 2FA, withdrawal allow-lists, and API key scopes/rotations.

  • For DEXs, practice wallet hygiene (hardware wallet, clean approvals).

  • Use proper KYC/AML where required; understand tax obligations.

  • If using options or leverage, set pre-trade max loss and test position sizing.

  • For block/OTC execution, compare quotes and confirm settlement instructions.

This article is for research/education, not financial advice.

Beginner Mistakes to Avoid

  • Trading perps without understanding funding and how it impacts P&L.

  • Ignoring region restrictions and onboarding to non-eligible venues.

  • Oversizing positions without a liquidation buffer.

  • Mixing custodial and self-custodial workflows without a key plan.

  • Chasing low-liquidity alts where slippage can erase edge.

FAQs

What’s the difference between perps and traditional futures?
Perpetual swaps have no expiry, so you don’t roll contracts; instead, a funding rate nudges perp prices toward spot. Dated futures expire and may require roll management. Binance+1

Where can U.S. traders access regulated crypto futures?
Through CFTC/NFA-supervised venues like CME (via FCMs) and Coinbase Derivatives for eligible customers; availability and contract lists vary by account type. CME Group+2Coinbase+2

What’s the leading venue for BTC/ETH options liquidity?
Deribit has long been the primary market for BTC/ETH options liquidity used by pros and market makers. deribit.com

Which DEXs offer serious perps trading?
dYdX is purpose-built for on-chain perps with a pro workflow; Aevo blends options + perps with unified margin on a custom L2. dYdX Chain+1

How do I keep fees under control?
Use maker orders where possible, seek fee tier discounts/rebates, and compare funding rates over your expected holding time. Each venue publishes fee schedules and specs.

Conclusion + Related Reads

If you want deep global perps, start with Binance, OKX, or Bybit. For BTC/ETH options, Deribit remains the benchmark. If you need U.S.-regulated access, look at CME via an FCM or Coinbase Derivatives; Kraken is expanding its futures footprint. Prefer self-custody? dYdX and Aevo are solid on-chain choices. Match the venue to your region, contracts, and risk process—then let Token Metrics surface signals and manage the watchlist.

Related Reads

  • Best Cryptocurrency Exchanges 2025

  • Top Derivatives Platforms 2025

  • Top Institutional Custody Providers 2025

‍

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