Lower Fees
0.6
%
Taker Fee ·
Coinbase Futures
Higher Volume
$13.37B
Taker Fee ·
Bybit
More Leverage
125x
Taker Fee ·
Bybit
Higher Rating
9.4
/10
Taker Fee ·
Bybit
Rating
About
Bybit, founded in 2018 by Ben Zhou, is the second-largest crypto perpetuals exchange by liquidity and trading volume globally.
Headquartered in Dubai, it serves 60M+ users in 160 regions, providing spot trading, futures, crypto options, staking, and lending across 1,800+ assets.
Bybit holds licenses in UAE, Cyprus, and other tier-1 jurisdictions, secures assets via multi-signature cold storage, and regularly publishes verified Proof of Reserves audits.
Coinbase, founded in 2012 by Brian Armstrong and Fred Ehrsam, offers regulated crypto futures through Coinbase Financial Markets (CFM) for US traders, approved by the CFTC.
Internationally, Coinbase provides perpetual futures via Coinbase Advanced, with 90+ markets, up to 20x leverage, and USDC settlement.
Licensed globally (US, UK FCA, Germany BaFin), Coinbase secures funds through audited reserves, NASDAQ-listed transparency, and cold storage custody.
Volume & Liquidity
Bybit | Coinbase Futures | ||
|---|---|---|---|
Perpetuals Volume (24H) | $13.37B | $5.03B | |
Crypto Options Volume (24H) | $730.75M | $0 | |
Open Interest (24H) | $9.54B | $216.47M |
Fees & Costs
Bybit | Coinbase Futures | ||
|---|---|---|---|
Taker Fees | 0.055 % | 0.6 % | |
Maker Fees | 0.02 % | 0.4 % |
Live Funding Rates
BTC Funding Rate
USDT Settlement
Bybit
0.0015%
Coinbase Futures
undefined%
ETH Funding Rate
USDT Settlement
Bybit
-0.0030%
Coinbase Futures
undefined%
SOL/USDT
USDT Settlement
Bybit
-0.0032%
Coinbase Futures
undefined%
BNB/USDT
USDT Settlement
Bybit
0.0027%
Coinbase Futures
undefined%
Trading Features
Bybit | Coinbase Futures | ||
|---|---|---|---|
Perpetual Contract Types | USDT & USDC Settled | USDC only | |
Available Leverage | 125x | 20x | |
Spot Assets | 1800 | 285 |
Regulation & Trust
Bybit | Coinbase Futures | ||
|---|---|---|---|
Regulation | CySEC (Cyprus), VARA (Dubai), FSA (Kazakhstan), and VASP (Georgia) | Tier-1 Regulators including FCA (UK), BaFin (Germany), BitLicense (New York), MAS (Singapore), AUSTRAC (Australia), and VASP (Multiple EU countries) | |
Proof of Reserves | ✓ Yes | ✓ Yes | |
Supported Countries | 160+ | 100 | |
Total Users | 67 Million | 120 Million | |
Headquarters | Dubai, United Arab Emirates | San Francisco, United States |
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