{"id":15669,"date":"2026-01-12T13:14:22","date_gmt":"2026-01-12T13:14:22","guid":{"rendered":"https:\/\/www.bestcryptoexchanges.com\/?p=15669"},"modified":"2026-03-21T17:09:40","modified_gmt":"2026-03-21T17:09:40","slug":"crypto-futures","status":"publish","type":"post","link":"https:\/\/www.bestcryptoexchanges.com\/hr\/futures-trading\/crypto-futures\/","title":{"rendered":"Kripto terminske ugovore"},"content":{"rendered":"

Kripto terminski ugovori: Va\u0161 cjeloviti vodi\u010d za trgovanje kriptovalutnim terminskim ugovorima na BestCryptoExchanges.com<\/h1>\n
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Reviewed by the BestCryptoExchanges.com Editorial Team. Last updated: March 2026.<\/p>\n<\/div>\n

This page may contain affiliate links. We may earn a commission if you use these links to sign up for a service.<\/p>\n

Kripto terminski ugovori sredi\u0161nji su stup modernog tr\u017ei\u0161ta kriptovaluta. Omogu\u0107uju trgovcima i investitorima naga\u0111anje o cijeni bitcoina, etera i druge digitalne imovine, za\u0161titu od izlo\u017eenosti portfelja i pristup velikoj likvidnosti na glavnim burzama. Bez obzira planirate li trgovati kriptovalutnim terminskim ugovorima unutar dana ili koristite regulirane terminske ugovore za upravljanje rizicima, razumijevanje terminskih ugovora, financijske poluge, mar\u017ee i zna\u010dajnih rizika klju\u010dno je. Ovaj sveobuhvatni vodi\u010d obja\u0161njava kako funkcioniraju bitcoin terminski ugovori i drugi kripto derivati, kako odabrati mjesto na tr\u017ei\u0161tu terminskih ugovora i kako izgraditi strategiju trgovanja koja je uskla\u0111ena s va\u0161im investicijskim ciljevima.<\/p>\n

As of March 2026, global crypto futures open interest across major venues regularly exceeds $40 billion on high-volume trading days, reflecting the central role that derivatives play in the digital asset ecosystem. Daily futures volume on leading platforms frequently surpasses spot trading volume, underscoring how institutional participants, professional traders, and retail investors alike rely on these instruments for price discovery and risk management.<\/p>\n

Ovaj \u010dlanak je napisan u op\u0107e informativne svrhe. Ne pru\u017ea investicijske savjete, porezne savjete, pravne savjete ili preporuku za kupnju ili prodaju bilo koje imovine, vrijednosnih papira ili derivata. Tr\u017ei\u0161ta kriptovaluta su vrlo volatilna i mo\u017eete izgubiti vi\u0161e od po\u010detne investicije kada trgujete terminskim ugovorima.<\/p>\n

\u0160to su kripto fju\u010dersi i za\u0161to su va\u017eni<\/h2>\n

Definiranje terminskih ugovora za kriptovalute<\/h3>\n

Terminski ugovori za kriptovalute su standardizirani derivativni ugovori koji obvezuju dvije strane na kupnju ili prodaju temeljne imovine po odre\u0111enoj cijeni na budu\u0107i datum. Temeljna imovina mo\u017ee biti bitcoin, ether ili neki drugi kripto indeks. Kada trgujete kripto terminskim ugovorima, ne preuzimate trenutnu isporuku tokena; umjesto toga, stje\u010dete izlo\u017eenost promjenama cijena putem terminskog ugovora. Mnoge burze sada nude trajne ugovore koji nemaju fiksni rok trajanja, kao i tradicionalne datirane ugovore koji se podmiruju mjese\u010dno ili tromjese\u010dno.<\/p>\n

Klju\u010dni elementi ugovora o terminskim ugovorima za kriptovalute uklju\u010duju veli\u010dinu ugovora, veli\u010dinu tiketa, zahtjeve za mar\u017eom, mehanizam namire i je li ugovor podmiren gotovinom ili fizi\u010dki. Bitcoin terminski ugovori kotirani na CME Group, na primjer, podmiruju se gotovinom po reguliranoj referentnoj stopi na temelju cijena spot tr\u017ei\u0161ta s vi\u0161e sastavnih spot tr\u017ei\u0161ta. Na offshore mjestima, perpetual terminski ugovori referenciraju indeks spot cijena i koriste financiranje kako bi cijenu terminskih ugovora odr\u017eali blizu spot tr\u017ei\u0161ta.<\/p>\n

According to data published by CME Group in early 2026, average daily notional volume in bitcoin futures on that regulated venue alone reached several billion dollars on active trading sessions, illustrating the depth of institutional participation in regulated crypto derivatives markets.<\/p>\n

Futures tr\u017ei\u0161te u odnosu na spot tr\u017ei\u0161ta<\/h3>\n

Spot tr\u017ei\u0161te je mjesto gdje kupujete ili prodajete stvarni nov\u010di\u0107 za gotovinu po trenutnoj cijeni. Nasuprot tome, tr\u017ei\u0161te terminskih ugovora je mjesto gdje sklapate ugovore koji odra\u017eavaju tr\u017ei\u0161na o\u010dekivanja budu\u0107ih cijena. Trgovci koriste terminske ugovore za kupnju ili prodaju bez potrebe za izravnim dr\u017eanjem imovine. Terminski ugovori vam omogu\u0107uju upravljanje izlo\u017eeno\u0161\u0107u, za\u0161titu od volatilnosti i izra\u017eavanje mi\u0161ljenja o rastu\u0107im ili padaju\u0107im tr\u017ei\u0161tima uz pomo\u0107 financijske poluge. Budu\u0107i da terminski ugovori privla\u010de profesionalne trgovce, kreatore tr\u017ei\u0161ta i investicijske tvrtke, \u010desto imaju duboku likvidnost i visok otvoreni interes koji mo\u017ee prema\u0161iti volumen spot trgovanja tijekom razdoblja povi\u0161ene volatilnosti.<\/p>\n

Research from industry analytics providers in 2025 and early 2026 consistently shows that during periods of sharp price movement, futures markets tend to lead price discovery, with the futures basis and funding rates serving as forward-looking indicators of market sentiment.<\/p>\n

Za\u0161to su terminski ugovori va\u017eni za trgovce i investitore<\/h3>\n

Za trgovce, terminski ugovori omogu\u0107uju strategije koje su te\u0161ke u okru\u017eenjima samo spot trgovanja, kao \u0161to su short pozicije s definiranom mar\u017eom, bazno trgovanje i me\u0111uburzovna arbitra\u017ea. Investitori i uzajamni fondovi ponekad koriste regulirane terminske ugovore kako bi stekli izlo\u017eenost kriptovalutama u okviru kompatibilnom s utvr\u0111enim standardima uskla\u0111enosti. Hedge fondovi i brokeri mogu kombinirati spot pozicije s terminskim ugovorima kako bi ciljali odre\u0111eni profil rizika, za\u0161titili portfelj ili osigurali profit. Budu\u0107i da se terminski ugovori mogu prilagoditi veli\u010dini ugovora, neki predstavljaju jedan bitcoin nominalne vrijednosti, dok su drugi mikro ugovori prikladni za manje ra\u010dune s ograni\u010denim po\u010detnim ulaganjem.<\/p>\n

As of March 2026, the expansion of regulated crypto futures products in multiple jurisdictions, including updates to frameworks in the European Union under MiCA and evolving guidance from the Commodity Futures Trading Commission in the United States, has made compliant futures trading increasingly accessible to a broader range of institutions and qualified investors.<\/p>\n

Kako funkcioniraju Bitcoin Futures ugovori<\/h2>\n

Bitcoin terminski ugovori na reguliranim burzama<\/h3>\n

Bitcoin terminski ugovori na CME Groupu vode\u0107i su regulirani terminski proizvodi u Sjedinjenim Dr\u017eavama. Njihova kliring se vr\u0161i putem sredi\u0161nje protustranke i podlije\u017eu nadzoru Komisije za trgovanje robnim terminskim ugovorima. Ove regulirane burze objavljuju detaljne specifikacije ugovora i zahtjeve za mar\u017eom. Podaci o otvorenom interesu, volumenu i namirivanju su transparentni, a metodologija referentne stope oslanja se na spot cijene s provjerenih spot tr\u017ei\u0161ta. Investitori i odre\u0111ene investicijske tvrtke, uklju\u010duju\u0107i neke uzajamne fondove i ETF-ove, koriste bitcoin terminske ugovore ili ether terminske ugovore CME Groupa kako bi se uskladili s pravilima o vrijednosnim papirima i robama, nacionalnim ograni\u010denjima i internim investicijskim politikama.<\/p>\n

Industry observers note that CME bitcoin futures open interest has grown substantially since the launch of spot bitcoin ETFs in the United States in January 2024, as institutional hedging activity increased alongside growing ETF assets under management that surpassed $50 billion by early 2026.<\/p>\n

Trajne fju\u010derse na kripto-nativnim platformama<\/h3>\n

Kripto-nativne platforme kotiraju perpetual futures ugovore na bitcoin, ether i altcoine. Perpetual ugovori ne istje\u010du, ve\u0107 koriste financiranje pla\u0107anja izme\u0111u dugih i kratkih pozicija kako bi se cijena vezala za cijene na spot tr\u017ei\u0161tu. Ove platforme \u010desto promoviraju niske naknade, napredne alate i munjevito brzo izvr\u0161enje na visokou\u010dinkovitoj platformi. Iako likvidnost mo\u017ee biti velika na glavnim burzama, pravna struktura platforme, regulatorni re\u017eim i za\u0161tita druge ugovorne strane razlikuju se od onih kod reguliranih futuresa. Uvijek pregledajte rasporede burzovnih provizija, pravila mar\u017ee i mehanizam rizika prije nego \u0161to trgujete.<\/p>\n

Futures etera i dalje<\/h3>\n

Ether futures allow you to trade the ETH ecosystem’s price without holding the underlying asset. Regulated ether futures exist alongside a wide array of crypto derivatives on offshore venues. Some exchanges list futures on crypto indices, sector baskets, or specific tokens. Liquidity, volatility, and open interest vary widely by market, so traders should confirm the depth of order books and the reliability of price feeds before entering contracts.<\/p>\n

Comparing Major Crypto Futures Platforms<\/h2>\n

The table below summarizes key features of major crypto futures platforms as of March 2026. Always verify current fee schedules and margin requirements directly with each platform before trading, as conditions change frequently.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Platform<\/th>\nRegulated<\/th>\nContract Types<\/th>\nMax Leverage<\/th>\nSettlement<\/th>\nMaker Fee<\/th>\nTaker Fee<\/th>\nWhat Makes It Unique<\/th>\n<\/tr>\n<\/thead>\n
CME Group<\/td>\nYes (CFTC)<\/td>\nDated BTC, ETH futures and micro contracts<\/td>\nUp to approx. 10x depending on margin<\/td>\nCash settled to CME CF reference rate<\/td>\nNegotiated institutional rates<\/td>\nNegotiated institutional rates<\/td>\nFlagship regulated venue for US institutions; spot ETF hedging hub; central clearing through CME Clearing<\/td>\n<\/tr>\n
Binance<\/a> Futures<\/td>\nVaries by jurisdiction<\/td>\nPerpetuals and dated futures on 100+ pairs<\/td>\nUp to 125x on select pairs<\/td>\nCash settled (USDT or BUSD margined)<\/td>\n0.0200%<\/td>\n0.0500%<\/td>\nLargest global futures venue by volume; extensive altcoin futures coverage; deep liquidity on BTC and ETH perpetuals<\/td>\n<\/tr>\n
Bybit<\/a><\/td>\nVaries by jurisdiction<\/td>\nPerpetuals and inverse futures on major pairs<\/td>\nUp to 100x on BTC<\/td>\nCash settled (USDT or coin margined)<\/td>\n0.0100%<\/td>\n0.0600%<\/td>\nCompetitive maker fee rebates; robust derivatives trading interface; strong liquidity in BTC and ETH perpetuals<\/td>\n<\/tr>\n
Oklahoma City<\/a><\/td>\nVaries by jurisdiction<\/td>\nPerpetuals, weekly, monthly, quarterly futures<\/td>\nUp to 100x on BTC<\/td>\nCash and coin margined options<\/td>\n0.0200%<\/td>\n0.0500%<\/td>\nWide expiry selection across dated and perpetual products; unified margin account; strong institutional API infrastructure<\/td>\n<\/tr>\n
Debit<\/td>\nVaries by jurisdiction<\/td>\nBTC and ETH futures plus options<\/td>\nUp to 20x on futures<\/td>\nCash settled in BTC or ETH<\/td>\n0.0100%<\/td>\n0.0500%<\/td>\nDominant crypto options venue; deep BTC and ETH options book; widely used by institutional derivatives desks for volatility strategies<\/td>\n<\/tr>\n
Kraken<\/a> Futures<\/td>\nFCA registered (UK) and others<\/td>\nPerpetuals and dated futures on major pairs<\/td>\nUp to 50x on BTC<\/td>\nCash settled (multi-collateral support)<\/td>\n0.0200%<\/td>\n0.0500%<\/td>\nRegulated heritage exchange with strong security track record; multi-collateral margin; transparent risk management disclosures<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Mehanika trgovanja terminskim ugovorima<\/h2>\n

Veli\u010dina ugovora, namirenje i isteci<\/h3>\n

Trgovanje terminskim ugovorima zahtijeva pa\u017enju prema specifi\u010dnostima ugovora. Ugovor odre\u0111uje nominalni iznos temeljne imovine, kao \u0161to je jedan ili pet bitcoina, ili mikro verziju koja predstavlja dio jednog bitcoina. Datumski ugovori istje\u010du prema utvr\u0111enom rasporedu i obi\u010dno se poravnavaju prema referentnoj stopi ili indeksu spot tr\u017ei\u0161ta. Namirenje u gotovini zna\u010di da se s va\u0161eg ra\u010duna knji\u017ei ili tereti gotovina ili stablecoin, a ne isporu\u010duje se temeljna imovina. Trajni terminski ugovori nemaju isteka, ali koriste periodi\u010dno financiranje za uravnote\u017eenje duge i kratke potra\u017enje u odnosu na spot cijene.<\/p>\n

CME Group offers both standard bitcoin futures contracts representing five bitcoin and micro bitcoin futures representing one-tenth of a bitcoin, allowing traders with different account sizes to access regulated derivatives with appropriate notional exposure.<\/p>\n

Mar\u017ea, financijska poluga i likvidacija<\/h3>\n

Kada trgujete bitcoin terminskim ugovorima, ula\u017eete po\u010detnu mar\u017eu kao kolateral za otvaranje pozicije. Poluga vam omogu\u0107uje kontrolu ve\u0107e nominalne izlo\u017eenosti s manjim depozitom u gotovini. Poluga pove\u0107ava dobitke i gubitke, stoga je upravljanje rizikom klju\u010dno na vrlo volatilnim tr\u017ei\u0161tima. Mar\u017ea odr\u017eavanja je minimalni kapital potreban za odr\u017eavanje va\u0161e pozicije otvorenom. Ako va\u0161 kapital padne ispod odr\u017eavanja zbog nepovoljnih kretanja cijena, mehanizam rizika mo\u017ee pokrenuti likvidaciju kako bi se sprije\u010dili daljnji gubici za sustav. Neka mjesta koriste automatsko smanjenje financijske poluge ili fondove osiguranja za upravljanje sistemskim rizikom. Trgovci bi trebali shvatiti da \u010dak i s ograni\u010denim po\u010detnim ulaganjem mogu izgubiti vi\u0161e nego \u0161to ulo\u017ee ako se pozicije brzo pomi\u010du i likvidnost se smanji.<\/p>\n

Industry data from 2025 indicates that during periods of high volatility, crypto futures liquidations across major platforms have exceeded $1 billion within a single 24-hour period, illustrating the magnitude of risk when high leverage is combined with sudden price dislocations.<\/p>\n

Kamatne stope financiranja i terminska osnovica<\/h3>\n

Kod perpetualnih ugovora, kamatne stope financiranja su periodi\u010dna pla\u0107anja izme\u0111u dugih i kratkih pozicija koja poma\u017eu u uskla\u0111ivanju cijena perpetualnih ugovora s cijenama na spot tr\u017ei\u0161tu. Kada je stopa pozitivna, duge pozicije pla\u0107aju kratke pozicije. Kada je negativna, kratke pozicije pla\u0107aju duge pozicije. Kod datiranih ugovora, razlika izme\u0111u cijene terminskih ugovora i spot cijene naziva se baza. Baza odra\u017eava tro\u0161kove financiranja, o\u010dekivane prinose i raspolo\u017eenje na tr\u017ei\u0161tu. U bikovskim uvjetima, terminski ugovori se \u010desto trguju s premijom u odnosu na spot cijenu. Na padaju\u0107im tr\u017ei\u0161tima, terminski ugovori se mogu trgovati s diskontom, \u0161to je postavka poznata kao backwardation (unatrag). Razumijevanje baze, financiranja i oblika krivulje tijekom dospije\u0107a poma\u017ee u informiranju strategije trgovanja.<\/p>\n

During bull market conditions observed in 2024 and early 2025, annualized perpetual funding rates on major platforms frequently ranged between 20 and 100 percent on an annualized basis, reflecting the cost of leveraged long exposure in trending markets and creating carry trading opportunities for market participants willing to manage the associated directional risk.<\/p>\n

Osnovne strategije za terminske ugovore o kriptovalutama<\/h2>\n

Usmjerene duge i kratke pozicije<\/h3>\n

Directional trading is the most common approach in the futures market. Traders go long when they expect prices to rise and short when they anticipate declines. Because leverage magnifies gains and losses, position sizing, stop orders, and risk limits matter.<\/p>\n

Basis trading and carry strategies<\/h3>\n

Basis trading involves simultaneously holding a spot position and an offsetting futures position to capture the premium at which futures trade relative to spot. When the futures basis is positive and the trader expects it to converge at settlement, selling futures against a long spot position can generate a return that is largely independent of the direction of price movement. This strategy, sometimes called cash and carry, has been widely employed by institutional participants in crypto markets since the maturation of regulated futures venues. Annualized carry returns vary significantly depending on market conditions, and traders must account for margin costs, financing costs on the spot leg, and the risk of basis widening or narrowing unexpectedly.<\/p>\n

Hedging with futures contracts<\/h3>\n

Miners, funds, and corporate treasury holders may use short futures positions to hedge existing long exposure to bitcoin or ether. By selling futures contracts that match the notional value of their holdings, they can reduce the impact of adverse price moves on their portfolio value. Regulated futures on CME Group are particularly common for institutional hedging programs because they offer transparent pricing, central clearing, and compatibility with established risk management frameworks. Traders should note that hedges are rarely perfect and introduce basis risk, margin costs, and the need for ongoing position management.<\/p>\n

Arbitrage strategies<\/h3>\n

Cross-exchange arbitrage exploits price differences for the same contract on different venues. Inter-market arbitrage captures differences between futures prices on different platforms when the same underlying asset is listed at slightly different prices due to fragmented liquidity. Funding rate arbitrage involves taking opposing positions on two different perpetual platforms when funding rates diverge, capturing the difference. These strategies require fast execution infrastructure, careful attention to fees, and an understanding of the settlement and margin rules on each platform. As of March 2026, arbitrage opportunities in major crypto futures markets are increasingly narrow due to the growth of algorithmic market makers, though they can widen during periods of rapid price movement.<\/p>\n

Risk Management in Crypto Futures Trading<\/h2>\n

Understanding leverage risk<\/h3>\n

High leverage is one of the defining features of crypto-native futures platforms, and it is also the primary source of catastrophic loss for underprepared traders. Using 50x or 100x leverage means that a price move of 1 or 2 percent against your position can eliminate your entire margin. Most experienced derivatives traders recommend keeping effective leverage well below the platform maximum, using no more capital than you can afford to lose entirely, and placing stop orders to define maximum loss before entering a trade.<\/p>\n

Counterparty and platform risk<\/h3>\n

Not all futures platforms operate with the same level of regulatory oversight, financial transparency, or operational resilience. The collapse of major crypto platforms in 2022 demonstrated that even high-volume venues can fail rapidly when risk management systems are inadequate. Traders should evaluate platform licensing, proof of reserves disclosures, insurance fund size, and the jurisdiction of incorporation before depositing funds. For institutional participants, regulated venues such as CME Group offer central clearing and segregated customer funds, reducing but not eliminating counterparty risk.<\/p>\n

Volatility and liquidity risk<\/h3>\n

Cryptocurrency markets remain significantly more volatile than traditional financial markets. Bitcoin has historically experienced drawdowns exceeding 80 percent from cycle peaks to troughs. Even short-term intraday volatility can be extreme during news events, macroeconomic data releases, or large liquidation cascades. Liquidity can thin rapidly in altcoin futures markets, leading to slippage and unfavorable fills. Traders should use limit orders where possible, monitor order book depth, and be aware that quoted spreads can widen significantly during volatile sessions.<\/p>\n

Regulation and Compliance in Crypto Futures Markets<\/h2>\n

As of March 2026, the regulatory landscape for crypto futures continues to evolve across major jurisdictions. In the United States, the Commodity Futures Trading Commission maintains oversight of bitcoin and ether futures as commodity derivatives, and registered designated contract markets such as CME Group operate under established federal law. The European Union’s Markets in Crypto-Assets regulation provides a framework for crypto asset service providers across EU member states, with derivative provisions that apply to regulated firms offering crypto futures products to EU clients.<\/p>\n

In the United Kingdom, the Financial Conduct Authority regulates crypto derivatives sold to retail clients, with significant restrictions on leverage and product access. Traders in multiple jurisdictions face restrictions on accessing offshore perpetual futures platforms, and many major platforms restrict account access based on IP address and documentation to manage compliance risk.<\/p>\n

Traders should consult qualified legal and compliance professionals before accessing futures products, particularly if they are operating in a jurisdiction with specific rules around crypto derivatives access, reporting obligations, or tax treatment of futures gains and losses.<\/p>\n

Frequently Asked Questions About Crypto Futures<\/h2>\n

What is the difference between a crypto futures contract and a spot trade?<\/h3>\n

A spot trade involves buying or selling the actual cryptocurrency for immediate delivery at the current market price, meaning you take ownership of the asset. A futures contract is a derivative agreement to buy or sell the asset at a predetermined price on a future date, or in the case of perpetuals, with no fixed expiry. Futures do not require you to hold the underlying token and allow you to trade with leverage, go short, and use cash settlement rather than taking delivery of the coin.<\/p>\n

Are crypto futures regulated in the United States?<\/h3>\n

Bitcoin and ether futures on designated contract markets such as CME Group are regulated by the Commodity Futures Trading Commission under the Commodity Exchange Act. These products operate with central clearing, transparent margin requirements, and public reporting of open interest and volume. Many perpetual futures platforms operating outside the United States are not registered with US regulators and may be inaccessible or legally restricted for US residents. Traders should verify the regulatory status of any platform before opening an account.<\/p>\n

What is a perpetual futures contract and how does funding work?<\/h3>\n

A perpetual futures contract is a derivative that tracks the price of an underlying asset without an expiration date. Instead of settling on a fixed date, perpetuals use a funding rate mechanism where traders on the long side periodically pay traders on the short side, or vice versa, depending on whether the perpetual price is trading above or below the spot price. When funding is positive, longs pay shorts, incentivizing new shorts to bring the price back toward spot. When funding is negative, shorts pay longs. Funding rates are typically calculated and exchanged every eight hours on most platforms.<\/p>\n

How much leverage can you use when trading crypto futures?<\/h3>\n

Leverage limits vary by platform and by contract. On regulated venues such as CME Group, leverage is determined by margin requirements set by the exchange and clearing house, typically resulting in effective leverage of around 10x or less for standard contracts. On crypto-native platforms, maximum leverage can reach 100x or even 125x on some pairs, though most risk management guidelines and experienced traders recommend using far less. Higher leverage increases both potential gains and the risk of liquidation, and using maximum leverage significantly increases the probability of losing your entire margin in volatile conditions.<\/p>\n

What is liquidation and how do I avoid it?<\/h3>\n

Liquidation occurs when your account equity falls below the maintenance margin threshold required to keep a position open. When this happens, the platform’s risk engine automatically closes your position, partially or fully, to prevent losses from exceeding your deposited collateral. In some cases, if the liquidation cannot be completed at a favorable price, you may lose your entire margin. To reduce liquidation risk, traders should use lower leverage, set stop-loss orders at defined price levels, monitor positions during volatile market sessions, and avoid concentrating large proportions of their capital in a single leveraged position.<\/p>\n

What is the basis in crypto futures and why does it matter?<\/h3>\n

The basis is the difference between the futures price and the spot price of the underlying asset. A positive basis, where futures trade above spot, is called contango and typically reflects positive market sentiment, financing costs, and demand for leveraged long exposure. A negative basis, where futures trade below spot, is called backwardation and can indicate bearish sentiment or heavy short selling pressure. The basis matters for traders because it affects the cost of maintaining futures positions, the profitability of basis trading and carry strategies, and can serve as a leading indicator of market sentiment shifts.<\/p>\n

Can you trade crypto futures without owning any cryptocurrency?<\/h3>\n

Yes. Most cash-settled futures contracts allow you to gain exposure to cryptocurrency price movements using only fiat currency or stablecoins as margin. On CME Group, for example, bitcoin futures are settled in US dollars, so you never need to hold or transfer actual bitcoin. On USDT-margined perpetual platforms, you deposit a stablecoin as collateral and your profits and losses are credited or debited in that stablecoin. Coin-margined contracts require holding the underlying cryptocurrency as collateral, but even these do not require you to transfer coins in and out on each trade.<\/p>\n

What are the tax implications of trading crypto futures?<\/h3>\n

Tax treatment of crypto futures varies significantly by jurisdiction and is subject to change as regulators and tax authorities refine their guidance. In the United States, regulated futures contracts on exchanges such as CME Group may be treated as Section 1256 contracts, which receive blended short-term and long-term capital gains tax treatment under specific rules. Perpetual futures and offshore derivative positions may be treated differently. Tax reporting requirements for crypto derivatives are complex, and many jurisdictions are increasing their reporting and disclosure obligations for crypto traders as of 2025 and 2026. Traders should consult a qualified tax professional familiar with cryptocurrency and derivatives taxation in their specific jurisdiction before trading.<\/p>\n

Related: Porezi na trgovanje terminskim ugovorima<\/a> | \u0160to su futuresi u trgovanju<\/a> | best crypto exchanges in the US<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Crypto Futures: Your Complete Guide to Trading Cryptocurrency Futures on BestCryptoExchanges.com Reviewed by the BestCryptoExchanges.com Editorial Team. Last updated: March 2026. This page may contain affiliate links. We may earn a commission if you use these links to sign up for a service. Crypto futures are a central pillar of the modern cryptocurrency market. They […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[342],"tags":[],"class_list":["post-15669","post","type-post","status-publish","format-standard","hentry","category-futures-trading","post-wrapper","thrv_wrapper"],"_links":{"self":[{"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/posts\/15669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/comments?post=15669"}],"version-history":[{"count":4,"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/posts\/15669\/revisions"}],"predecessor-version":[{"id":17432,"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/posts\/15669\/revisions\/17432"}],"wp:attachment":[{"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/media?parent=15669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/categories?post=15669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bestcryptoexchanges.com\/hr\/wp-json\/wp\/v2\/tags?post=15669"}],"curies":[{"name":"radni list","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}