{"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\/pt\/futures-trading\/crypto-futures\/","title":{"rendered":"Futuros de criptografia"},"content":{"rendered":"

Futuros de criptografia: Seu guia completo para negociar futuros de criptomoeda em 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

Os futuros de criptografia s\u00e3o um pilar central do mercado moderno de criptomoedas. Eles permitem que os comerciantes e investidores especulem sobre o pre\u00e7o do bitcoin, \u00e9ter e outros ativos digitais, protejam a exposi\u00e7\u00e3o do portf\u00f3lio e acessem a liquidez profunda nas principais bolsas. Quer planeie negociar futuros de criptomoeda intradi\u00e1rios ou utilizar futuros regulamentados para gest\u00e3o de risco, \u00e9 essencial compreender os contratos de futuros, a alavancagem, a margem e os riscos significativos. Este guia abrangente explica como funcionam os futuros de bitcoin e outros derivados de criptomoeda, como escolher um local de mercado de futuros e como construir uma estrat\u00e9gia de negocia\u00e7\u00e3o que se alinhe com os seus objectivos de investimento.<\/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

Este artigo foi escrito para fins de informa\u00e7\u00e3o geral. N\u00e3o fornece conselhos de investimento, conselhos fiscais, conselhos jur\u00eddicos ou uma recomenda\u00e7\u00e3o para comprar ou vender qualquer ativo, t\u00edtulos ou derivados. Os mercados de criptografia s\u00e3o altamente vol\u00e1teis e pode perder mais do que o seu investimento inicial quando negoceia futuros.<\/p>\n

O que s\u00e3o futuros de criptografia e por que s\u00e3o importantes<\/h2>\n

Defini\u00e7\u00e3o de contratos de futuros sobre criptomoedas<\/h3>\n

Os futuros de criptomoeda s\u00e3o contratos de derivativos padronizados que obrigam duas partes a comprar ou vender um ativo subjacente a um pre\u00e7o definido em uma data futura. O ativo subjacente pode ser bitcoin, \u00e9ter ou outro \u00edndice de criptografia. Quando voc\u00ea negocia futuros de criptografia, n\u00e3o recebe a entrega imediata do token; em vez disso, voc\u00ea ganha exposi\u00e7\u00e3o aos movimentos de pre\u00e7os por meio do contrato de futuros. Muitas bolsas oferecem agora contratos perp\u00e9tuos que n\u00e3o t\u00eam prazo de validade fixo, bem como contratos tradicionais datados que s\u00e3o liquidados mensal ou trimestralmente.<\/p>\n

Os elementos-chave dos contratos de futuros sobre criptomoeda incluem a dimens\u00e3o do contrato, a dimens\u00e3o do tick, os requisitos de margem, o mecanismo de liquida\u00e7\u00e3o e o facto de o contrato ser liquidado em dinheiro ou fisicamente. Os futuros sobre Bitcoin cotados no CME Group, por exemplo, s\u00e3o liquidados em numer\u00e1rio a uma taxa de refer\u00eancia regulamentada com base nos pre\u00e7os do mercado \u00e0 vista de v\u00e1rios mercados \u00e0 vista constituintes. Nas plataformas offshore, os futuros perp\u00e9tuos fazem refer\u00eancia a um \u00edndice de pre\u00e7os \u00e0 vista e utilizam pagamentos de financiamento para manter o pre\u00e7o dos futuros pr\u00f3ximo dos mercados \u00e0 vista.<\/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

Mercado de futuros versus mercados \u00e0 vista<\/h3>\n

O mercado \u00e0 vista \u00e9 aquele em que se compra ou vende a moeda real a dinheiro ao pre\u00e7o atual. O mercado de futuros, pelo contr\u00e1rio, \u00e9 onde se celebram contratos que reflectem as expectativas do mercado relativamente aos pre\u00e7os futuros. Os investidores utilizam os futuros para comprar ou vender sem terem de deter diretamente o ativo. Os futuros permitem-lhe gerir a exposi\u00e7\u00e3o, proteger-se contra a volatilidade e expressar opini\u00f5es sobre a subida ou descida dos mercados com alavancagem. Uma vez que os futuros atraem operadores profissionais, criadores de mercado e empresas de investimento, apresentam frequentemente uma liquidez profunda e um elevado interesse aberto que pode exceder os volumes de transac\u00e7\u00f5es \u00e0 vista durante per\u00edodos de elevada volatilidade.<\/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

Porque \u00e9 que os futuros s\u00e3o importantes para os comerciantes e investidores<\/h3>\n

Para os comerciantes, os futuros permitem estrat\u00e9gias que s\u00e3o dif\u00edceis em ambientes apenas \u00e0 vista, como a venda a descoberto com margem definida, a negocia\u00e7\u00e3o de base e a arbitragem entre bolsas. Os investidores e os fundos m\u00fatuos utilizam por vezes futuros regulamentados para ganharem exposi\u00e7\u00e3o \u00e0 criptomoeda num quadro compat\u00edvel com as normas de conformidade estabelecidas. Os fundos de cobertura e os corretores podem combinar posi\u00e7\u00f5es \u00e0 vista com futuros para visar um perfil de risco espec\u00edfico, cobrir uma carteira ou obter lucros. Como os contratos de futuros podem ser adaptados ao tamanho do contrato, alguns representam um \u00fanico bitcoin de valor nocional, enquanto outros s\u00e3o microcontratos adequados para contas mais pequenas com investimento inicial limitado.<\/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

Como funcionam os futuros de Bitcoin<\/h2>\n

Contratos de futuros sobre bitcoin em bolsas regulamentadas<\/h3>\n

Os futuros de Bitcoin no CME Group s\u00e3o os principais produtos de futuros regulamentados nos Estados Unidos. S\u00e3o compensados atrav\u00e9s de uma contraparte central e est\u00e3o sujeitos \u00e0 supervis\u00e3o da Commodity Futures Trading Commission. Estas bolsas regulamentadas publicam especifica\u00e7\u00f5es contratuais detalhadas e requisitos de margem. Os dados relativos aos juros em aberto, ao volume e \u00e0 liquida\u00e7\u00e3o s\u00e3o transparentes e a metodologia da taxa de refer\u00eancia baseia-se em pre\u00e7os \u00e0 vista de mercados \u00e0 vista aprovados. Os investidores e certas empresas de investimento, incluindo alguns fundos m\u00fatuos e ETFs, utilizam os futuros de bitcoin ou de \u00e9ter do CME Group para cumprir as regras relativas a t\u00edtulos e mercadorias, restri\u00e7\u00f5es nacionais e pol\u00edticas internas de investimento.<\/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

Futuros perp\u00e9tuos em plataformas cripto-nativas<\/h3>\n

Os locais nativos de criptografia listam futuros perp\u00e9tuos sobre bitcoin, ether e altcoins. Os perp\u00e9tuos n\u00e3o expiram, mas utilizam pagamentos de financiamento entre os comprados e os vendidos para ligar o pre\u00e7o aos pre\u00e7os do mercado \u00e0 vista. Estas plataformas promovem frequentemente taxas baixas, ferramentas avan\u00e7adas e uma execu\u00e7\u00e3o extremamente r\u00e1pida numa plataforma de elevado desempenho. Embora a liquidez possa ser elevada nas principais bolsas, a estrutura jur\u00eddica da plataforma, o regime regulamentar e as protec\u00e7\u00f5es das contrapartes diferem das dos futuros regulamentados. Reveja sempre as tabelas de comiss\u00f5es das bolsas, as regras de margem e o mecanismo de risco antes de negociar.<\/p>\n

Futuros do \u00e9ter e mais al\u00e9m<\/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> Futuros<\/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
OKX<\/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
Deribit<\/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> Futuros<\/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

Mec\u00e2nica da negocia\u00e7\u00e3o de futuros<\/h2>\n

Dimensionamento, liquida\u00e7\u00e3o e expira\u00e7\u00e3o de contratos<\/h3>\n

A negocia\u00e7\u00e3o de futuros requer aten\u00e7\u00e3o \u00e0s especificidades do contrato. Um contrato especifica o montante nocional do ativo subjacente, como um ou cinco bitcoins, ou uma vers\u00e3o micro que representa uma fra\u00e7\u00e3o de um \u00fanico bitcoin. Os contratos datados expiram num calend\u00e1rio definido e normalmente s\u00e3o liquidados a uma taxa de refer\u00eancia ou a um \u00edndice de mercados \u00e0 vista. Liquida\u00e7\u00e3o em dinheiro significa que a sua conta \u00e9 creditada ou debitada em dinheiro ou stablecoin em vez de entregar o ativo subjacente. Os futuros perp\u00e9tuos n\u00e3o t\u00eam expira\u00e7\u00e3o, mas utilizam financiamento peri\u00f3dico para equilibrar a procura longa e curta relativamente aos pre\u00e7os \u00e0 vista.<\/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

Margem, alavancagem e liquida\u00e7\u00e3o<\/h3>\n

Quando negoceia futuros sobre bitcoin, coloca margem inicial como garantia para abrir uma posi\u00e7\u00e3o. A alavancagem permite-lhe controlar uma exposi\u00e7\u00e3o nocional maior com um dep\u00f3sito em dinheiro menor. A alavancagem amplifica os ganhos e as perdas, pelo que a gest\u00e3o do risco \u00e9 fundamental em mercados altamente vol\u00e1teis. A margem de manuten\u00e7\u00e3o \u00e9 o capital m\u00ednimo necess\u00e1rio para manter a sua posi\u00e7\u00e3o aberta. Se o seu capital cair abaixo da manuten\u00e7\u00e3o devido a movimentos adversos de pre\u00e7os, o mecanismo de risco pode acionar a liquida\u00e7\u00e3o para evitar mais perdas para o sistema. Algumas plataformas utilizam a desalavancagem autom\u00e1tica ou fundos de seguros para gerir o risco sist\u00e9mico. Os investidores devem compreender que, mesmo com um investimento inicial limitado, podem perder mais do que depositaram se as posi\u00e7\u00f5es se movimentarem rapidamente e a liquidez diminuir.<\/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

Taxas de financiamento e base de futuros<\/h3>\n

Nos contratos perp\u00e9tuos, as taxas de financiamento s\u00e3o pagamentos peri\u00f3dicos entre comprados e vendidos que ajudam a alinhar os pre\u00e7os perp\u00e9tuos com os pre\u00e7os do mercado \u00e0 vista. Quando a taxa \u00e9 positiva, os comprados pagam aos vendidos. Quando \u00e9 negativa, as posi\u00e7\u00f5es curtas pagam \u00e0s posi\u00e7\u00f5es longas. Nos contratos a prazo, a diferen\u00e7a entre o pre\u00e7o dos futuros e o pre\u00e7o \u00e0 vista \u00e9 designada por base. A base reflecte os custos de financiamento, os rendimentos esperados e o sentimento do mercado. Em condi\u00e7\u00f5es de alta, os futuros s\u00e3o frequentemente transaccionados com um pr\u00e9mio em rela\u00e7\u00e3o ao pre\u00e7o \u00e0 vista. Em mercados em queda, os futuros podem ser negociados com desconto, uma configura\u00e7\u00e3o conhecida como backwardation. Compreender a base, o financiamento e a forma da curva ao longo dos prazos de validade ajuda a informar a estrat\u00e9gia de negocia\u00e7\u00e3o.<\/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

Estrat\u00e9gias principais para futuros de criptomoeda<\/h2>\n

Posi\u00e7\u00f5es longas e curtas direcionais<\/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: Impostos sobre a transa\u00e7\u00e3o de futuros<\/a> | O que s\u00e3o futuros na negocia\u00e7\u00e3o<\/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\/pt\/wp-json\/wp\/v2\/posts\/15669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/comments?post=15669"}],"version-history":[{"count":4,"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/posts\/15669\/revisions"}],"predecessor-version":[{"id":17432,"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/posts\/15669\/revisions\/17432"}],"wp:attachment":[{"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/media?parent=15669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/categories?post=15669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bestcryptoexchanges.com\/pt\/wp-json\/wp\/v2\/tags?post=15669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}