Crypto futures in the EU: six licensed exchanges compared, all capped at 10x

As a retail client in Germany, you can trade crypto futures legally on six large exchanges that hold an EU licence as an investment firm or trading venue: Kraken, Coinbase, OKX, Gemini, Robinhood and One Trading. All six cap retail leverage on Bitcoin at 10x. The differences lie in contract design, fees, the currency in which you post collateral and the regulator responsible for your money. This comparison reflects the position as of November 4, 2026.