Lower Fees
0.6
%
Taker Fee ·
Coinbase Futures
Higher Volume
$4.56B
Taker Fee ·
Coinbase Futures
More Leverage
50x
Taker Fee ·
Kraken
Higher Rating
8.2
/10
Taker Fee ·
Kraken
Rating
About
Kraken, founded in 2011 by Jesse Powell, is a top choice for US-based perpetuals traders, offering unmatched regulatory compliance.
Headquartered in San Francisco, Kraken serves 10M+ users globally, providing spot, margin (up to 5x), futures trading, staking, and institutional-grade services.
Licensed by major regulators including the US MSB and UK's FCA, Kraken secures funds through audited Proof of Reserves, SOC 2 certification, and ISO 27001 standards.
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
Kraken | Coinbase Futures | ||
|---|---|---|---|
Perpetuals Volume (24H) | $404.76M | $4.56B | |
Crypto Options Volume (24H) | $0 | $0 | |
Open Interest (24H) | $243.04M | $217.22M |
Fees & Costs
Kraken | Coinbase Futures | ||
|---|---|---|---|
Taker Fees | 0.05 % | 0.6 % | |
Maker Fees | 0.02 % | 0.4 % |
Live Funding Rates
BTC Funding Rate
USDT Settlement
Kraken
-0.0002%
Coinbase Futures
undefined%
ETH Funding Rate
USDT Settlement
Kraken
-0.0005%
Coinbase Futures
undefined%
SOL/USDT
USDT Settlement
Kraken
-0.0007%
Coinbase Futures
undefined%
BNB/USDT
USDT Settlement
Kraken
0.0005%
Coinbase Futures
undefined%
Trading Features
Kraken | Coinbase Futures | ||
|---|---|---|---|
Perpetual Contract Types | USDC and USDT | USDC only | |
Available Leverage | 50x | 20x | |
Spot Assets | 369 | 285 |
Regulation & Trust
Kraken | Coinbase Futures | ||
|---|---|---|---|
Regulation | Tier-1 Regulators including FCA (UK), BaFin (Germany), CySEC (Cyprus), DASP (France), MSB (USA & Canada), AUSTRAC (Australia), and 8 more | 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 | 150+ | 100 | |
Total Users | 15 Million | 120 Million | |
Headquarters | United Arab Emirates | San Francisco, United States |
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