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Best DEX for Leverage Trading

Explore decentralized exchanges (DEX) that offer leverage trading, enabling you to amplify your positions in a decentralized environment. These platforms combine the benefits of DEXs with the power of leveraged trading. If you’re looking to trade with leverage while maintaining control over your assets, continue reading to find the best DEXs for leverage trading.

dYdX

GMX

Gains Network

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The 7 Best DEX for Leverage Trading

dYdX

Our evaluation

4,4

Network

Ethereum

EARN

Yes

Fees

0,10%/0,05%

Open account

Direct link to the exchange website

GMX

Our evaluation

3,5

Commissions

Arbitrum

Regulated

Yes

Investor protection

0.10%

Open account

Direct link to the exchange website

Gains Network

Our evaluation

Commissions

Polygon

Regulated

Yes

Investor protection

0.08%

Open account

Direct link to the exchange website

LeverFi

Our evaluation

Commissions

Ethereum

Regulated

Yes

Investor protection

Fluctuates

Open account

Direct link to the exchange website

MarginSwap

Our evaluation

Commissions

Ethereum

Regulated

Yes

Investor protection

fluctuates

Open account

Direct link to the exchange website

Perpetual Protocol

Our evaluation

3,5

Commissions

Arbitrum

Regulated

Yes

Investor protection

0.10%

Open account

Direct link to the exchange website

Kine Protocol

Our evaluation

Commissions

Ethereum

Regulated

Yes

Investor protection

0.10%

Open account

Direct link to the exchange website

Let's Analyze the 7 Best DEX for Leverage Trading

dYdX

Read dYdX Review

Why Choose dYdX?

Choosing dYdX as your trading platform offers several compelling advantages, particularly for those interested in more advanced trading mechanisms typically found in traditional financial markets. Firstly, dYdX provides access to complex financial instruments such as derivatives, futures, and margin trading within a decentralized framework. This not only allows for leveraging positions but also offers the benefits of decentralized security, eliminating the need for intermediaries. Such features are particularly attractive to experienced traders looking to expand their trading strategies in a secure, blockchain-based environment.

Secondly, dYdX stands out for its robust security measures and high liquidity, making it a reliable choice in the decentralized finance space. The platform’s use of smart contracts ensures that all trades are executed automatically and without custodial risk, granting traders full control over their funds at all times. This security is complemented by the platform’s impressive trading volume, ensuring that traders can perform large transactions without significant price slippage, which is crucial for the execution of quick, efficient trades.

Lastly, dYdX’s commitment to transparency and its established reputation provide additional layers of trust and reliability. The open nature of its blockchain operations allows users to verify transactions independently, promoting a transparent trading environment. Combined with positive reviews from the trading community and a proven track record since its establishment in 2017, dYdX represents a premier choice for traders who prioritize security, advanced trading options, and transparency. Whether you’re looking to engage in complex trading strategies or seeking a reliable and secure decentralized trading platform, dYdX offers a compelling package that caters to diverse trading needs.

Pros

Cons

Editor's Note

As an expert interacting frequently with various trading platforms, I find dYdX to be an exceptional choice for traders looking to delve into advanced trading options like derivatives and leverage within a secure, decentralized environment. The platform’s robust security measures and transparency make it a trustworthy option. However, I recommend it primarily for seasoned traders due to its complexity and focus on advanced financial instruments. Newcomers to cryptocurrency trading might find simpler platforms more suitable to start with.

GMX

Read GMX Review

Why Choose GMX?

Choosing GMX as your cryptocurrency exchange offers numerous benefits that make it an excellent choice for both novice and experienced traders. Firstly, GMX provides a seamless trading experience with its user-friendly interface and advanced features. The platform supports up to 50x leverage, allowing traders to maximize their potential returns while benefiting from low transaction fees due to its operation on the Arbitrum and Avalanche networks. This makes GMX highly attractive for those looking to engage in high-volume trading or take advantage of market volatility.

Additionally, GMX’s robust security measures ensure a safe trading environment. The platform has undergone comprehensive audits and implements a substantial $5 million bug bounty program, demonstrating its commitment to user safety and security. These measures help protect user funds and enhance trust in the platform. Moreover, GMX’s decentralized nature means users retain full control over their assets, reducing the risk of centralized points of failure.

Finally, GMX’s innovative tokenomics and reward systems provide further incentives for users. By staking GMX tokens, users can earn rewards in the form of Escrowed GMX (esGMX) tokens, ETH, and AVAX from trading fees, along with multiplier points that boost APRs. The GLP token also allows users to participate in liquidity provision, offering another avenue for earning passive income. These features make GMX not just a trading platform, but a comprehensive ecosystem that rewards active participation and long-term engagement.

Pros

High Leverage Options GMX offers traders up to 50x leverage, allowing them to maximize their potential returns on trades.
Multi-Chain Support GMX operates on both Arbitrum and Avalanche networks, providing low transaction fees and broad accessibility.
Advanced Price Oracles Utilizing Chainlink oracles, GMX ensures accurate and real-time price feeds, enhancing trading precision and security.

Cons

Editor's Note

As an expert, I highly recommend GMX for its advanced trading features and robust security measures. The platform’s support for up to 50x leverage and its use of Chainlink oracles for precise pricing make it ideal for both novice and experienced traders. Moreover, the comprehensive audits and substantial bug bounty program underscore GMX’s commitment to user safety. If you’re looking for a reliable and efficient decentralized exchange, GMX stands out as a top choice.

Gains Network

Read Gains Network Review

Why Choose Gains Network?

Choosing Gains Network as your crypto exchange can be a strategic decision due to several compelling reasons. Firstly, Gains Network offers a highly flexible trading environment where users can trade not only cryptocurrencies but also stocks and forex with significant leverage. The platform is built on Polygon and Arbitrum, ensuring low transaction costs and fast execution times, which is ideal for traders looking for efficient and cost-effective trades.

Moreover, Gains Network’s decentralized nature provides users with control over their assets at all times. There are no deposit or withdrawal fees, and trades are settled on-chain, which enhances transparency and security. The platform’s unique approach to leveraging synthetic assets means that traders can achieve high exposure to various markets without needing substantial capital. This makes it particularly attractive for those looking to maximize their trading potential with limited resources.

Additionally, Gains Network’s ecosystem is bolstered by the GNS token, which serves multiple purposes including paying trading fees, participating in governance, and earning rewards. This integration of a native token adds an extra layer of utility and engagement for users. The platform’s commitment to community involvement and ongoing improvements, such as the introduction of GNS NFTs and the development of a DAO, demonstrates a forward-thinking approach that aligns with the interests of its user base.

Pros

Decentralized Trading Platform Gains Network operates as a decentralized exchange, providing users with full control over their assets and enhancing security through on-chain transactions.
High Leverage Options Available Traders can utilize high leverage, up to 150x for cryptocurrencies and 1000x for forex, enabling them to maximize potential returns with relatively small capital.
Supports Crypto, Stocks, Forex Gains Network stands out by offering the ability to trade not just cryptocurrencies, but also stocks and forex, providing a diverse range of trading opportunities.

Cons

New Exchange, Less Established Reputation Being a relatively new exchange founded in 2022, Gains Network has a shorter track record, which might make potential users cautious about its long-term reliability.
Anonymous Team, Limited Transparency The anonymity of the Gains Network team may raise concerns regarding transparency and trustworthiness, which can be a significant drawback for some users.

Editor's Note

As an expert in the crypto space, I find Gains Network to be a solid choice for traders looking for a decentralized platform with diverse trading options. The ability to trade cryptocurrencies, stocks, and forex all on one platform is a significant advantage. Additionally, the low fees and fast transactions on the Polygon and Arbitrum networks make it cost-effective and efficient. The leverage options are impressive, allowing traders to maximize their potential returns. However, it’s important to note the anonymous nature of the team and the relative newness of the platform, which may be concerns for some users. Overall, I recommend Gains Network for its innovative approach and broad trading capabilities.

LeverFi

Read LeverFi Review

Why Choose LeverFi?

LeverFi stands out as a strong choice for those looking to engage in advanced DeFi trading and yield farming. Firstly, its ability to integrate trading and yield farming into a single platform allows users to maximize their returns by leveraging their assets up to 10 times. This unique approach is ideal for traders seeking to optimize their strategies and capitalize on market opportunities efficiently.

Secondly, the platform’s compatibility with various EVM-compatible chains, such as BNB Chain, Avalanche, and Polygon, provides users with extensive options for collateral and trading pairs. This flexibility is particularly beneficial for experienced traders who want to diversify their portfolios and access a broad range of DeFi protocols without being limited to a single network.

Lastly, LeverFi’s transparent governance structure and robust security measures enhance its appeal. The platform’s use of the Ethereum blockchain ensures a secure and reliable environment for trading and lending activities. Additionally, the governance token, LEVER, allows users to participate actively in the platform’s development, fostering a community-driven approach that enhances trust and long-term sustainability.

Pros

Integrated Trading and Yield Farming LeverFi allows users to trade and yield farm simultaneously, maximizing their potential returns on a single platform.
Supports Multiple Collateral Types The platform accepts various collateral types, such as Bitcoin, Ethereum, and liquidity provider tokens, offering great flexibility to traders.
Routes Trades Through DeFi Protocols LeverFi routes trades through existing DeFi protocols and exchanges, ensuring efficient and transparent transactions without acting as a counterparty.

Cons

Editor's Note

As an expert in the field, I find LeverFi to be an impressive platform for those looking to delve into decentralized finance with leverage trading capabilities. The integration of trading and yield farming offers a unique opportunity to maximize returns, and the platform’s compatibility with multiple EVM-compatible chains provides great flexibility for users. However, it’s essential to be mindful of the associated risks and ensure you have a good understanding of leverage trading before diving in. Overall, LeverFi is a solid choice for advanced traders seeking innovative DeFi solutions.

MarginSwap

Read MarginSwap Review

Why Choose MarginSwap?

MarginSwap is an excellent choice for those looking to engage in margin trading on decentralized exchanges (DEXs). The platform’s integration with multiple blockchain networks allows users to trade a diverse range of assets with better liquidity and flexibility. This makes it particularly appealing for experienced traders who are familiar with margin trading and want to leverage the benefits of decentralized finance (DeFi). By eliminating the need for a centralized intermediary, MarginSwap offers enhanced security and transparency, which are critical considerations for any serious trader.

Another compelling reason to choose MarginSwap is its advanced trading features. The platform supports sophisticated margin trading capabilities, allowing users to amplify their positions and potentially increase their profits. This is especially beneficial for traders looking to capitalize on market movements without transferring assets between different exchanges. The user-friendly interface, combined with comprehensive support resources, ensures that traders can navigate the platform effectively and execute their strategies with ease.

Moreover, MarginSwap’s commitment to security and transparency further strengthens its appeal. The platform employs robust DeFi security measures, including smart contract audits and decentralized governance, to safeguard user funds. This, coupled with its transparent operational model, builds trust within the trading community. For traders who value these aspects and seek a reliable and innovative margin trading solution, MarginSwap presents a solid option.

Pros

Decentralized Exchange Integration MarginSwap integrates directly with decentralized exchanges, offering users access to better liquidity and diverse trading pairs without the need for centralized intermediaries.
Supports Multiple Blockchain Networks The platform supports trading across several blockchain networks, allowing users to diversify their portfolios and access a broader range of digital assets.
Advanced Margin Trading Features MarginSwap provides sophisticated margin trading capabilities, enabling users to leverage their positions and potentially increase profits by borrowing funds.

Cons

Complex for Beginners Margin trading on a decentralized platform can be challenging for those new to cryptocurrency trading, requiring a solid understanding of DeFi protocols and risk management.
Smart Contract Vulnerabilities Despite rigorous security measures, the inherent risks associated with smart contracts and potential vulnerabilities remain a concern for users, necessitating caution and due diligence.

Editor's Note

As an expert in cryptocurrency trading, I highly recommend MarginSwap for traders looking to engage in margin trading on decentralized exchanges. Its integration with multiple blockchains offers exceptional liquidity and flexibility, making it a top choice for experienced traders. The platform’s advanced trading features and commitment to security through smart contract audits provide an extra layer of confidence. If you’re looking to maximize your trading potential with the benefits of DeFi, MarginSwap is a robust option to consider.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the article

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.