Best Bullish Alternatives 2026: We Compared 6 Exchanges, Bullish Won on Price, and It Still Is Not Our Pick
- MEXC is our top pick among Bullish alternatives for retail traders outside the EEA, US and UK, and it wins on asset coverage rather than on price.
- Bullish publishes the lowest base spot taker fee in this comparison at 0.5 basis points for individual accounts, and we are not disputing that.
- Our count of Bullish's published withdrawal-fee table returns 67 assets, against 1,633 that CoinGecko tracked on MEXC on 2 September 2026.
- Bullish caps perpetual and dated futures at 7x leverage, settled in USDC, per its own December 2023 launch announcement.
- Bullish's Gibraltar terms limit customers in its ten Eligible U.S. States to BTC and ETH spot trading only.
- Bullish Europe GmbH holds a BaFin MiCA licence and MEXC does not, so EEA readers should not treat MEXC as a compliant replacement.
Our View: Why MEXC Is Our Pick, and the One Number It Turns On
What We Concede Before Making the Case
The Case for MEXC, in Four Steps
Why Bullish Looks the Way It Does
Institutional Venue vs Retail Exchange: The Feature Matrix
Dimension | Bullish | Typical retail exchange | MEXC |
Client classification in the terms | Professional Clients and Eligible Counterparties, per clause 13.11 | Retail clients | Retail clients |
Withdrawable assets | 67 named on the official fee schedule | Several hundred to over 1,000 | 1,633 tracked by CoinGecko |
Maximum futures leverage | 7x on BTC and ETH perpetuals, USDC-settled | 50x to 125x on major pairs | Up to 500x on select USDT-M pairs |
Liquidity provision by users | AMM Instructions, institutional customers only | Not offered | Not offered |
Staking and yield products | None | Standard | Flexible and fixed Earn products |
Copy trading | None | Common | Available |
New-listing access for individuals | Listings driven by institutional demand | Varies widely | Launchpad and Launchpool, plus a fast listing pipeline |
Support channel | Email and a named Relationship Manager for institutions | Live chat and ticketing | Support centre and ticketing |
Liability cap in the terms | Greater of three months of fees paid or 50 USD, per clause 30.4 | Varies by contract | Varies by contract |
6 Bullish Alternatives Compared on Fees, Coins and Leverage
Platform | Base spot fees | Listed assets | Derivatives | Reserve disclosure | Retail availability note |
Bullish | 0 bps maker, 0.5 bps taker on standard markets for individual accounts | 67 withdrawable assets on its own fee schedule | Perpetual and dated futures to 7x, USDC-settled, plus BTC options | NYSE-listed parent with SEC reporting; full-reserve custody model per its terms | Ten Eligible U.S. States, BTC and ETH spot only; UK access limited to professional and high-net-worth investors |
MEXC | 0.0000% maker, 0.0500% taker; 0.0400% taker with MX deduction | 1,633 tracked by CoinGecko | USDT-M and coin-M futures, up to 500x on select pairs | Monthly proof of reserves audited by Hacken since February 2023; 9 out of 10 CoinGecko Trust Score | Not available in the US or Canada; restrictions apply in the UK, Singapore and other markets; not MiCA-authorised in the EEA |
OKX | 0.08% maker, 0.10% taker | Broad major and mid-cap coverage | Unified account margining spot, perpetuals and options together | Proof of reserves using zk-STARK cryptography; 10 out of 10 CoinGecko Trust Score | Operates a separate licensed US platform |
Bybit | 0.10% maker, 0.10% taker | Broad major and mid-cap coverage | Deep perpetuals book, 0.02% maker and 0.055% taker on futures | Reserve data available per CoinGecko | Not available in the US or the UK |
Kraken | 0.25% maker, 0.40% taker on Kraken Pro | More than 450 digital assets, plus over 11,000 US-listed equities and ETFs on its own figures | Futures at 0.02% maker and 0.05% taker | Reserve data available per CoinGecko; published proof of reserves | Licensed across the US, UK, EU, Canada and Australia |
Coinbase | 0.40% maker, 0.60% taker on Advanced at the entry tier | Curated listing policy, narrower than offshore venues | Regional derivatives products | Nasdaq-listed with SEC filings and third-party asset audits | Broad US availability; check state-level coverage before funding |
Gate | 0.20% maker, 0.20% taker | Very broad long-tail catalogue | Tiered futures schedule | Reserve data available per CoinGecko; 10 out of 10 Trust Score | US retail access runs through a separate limited entity |
MEXC
- Spot maker fees of 0.0000% match Bullish's zero maker rate, so a limit-order strategy costs the same on both venues.
- CoinGecko tracked 1,633 listed assets on MEXC, against 67 in our count of Bullish's published withdrawal-fee table.
- Monthly proof of reserves audited by an external firm, published continuously since February 2023.
- The 0.0500% spot taker fee is ten times Bullish's individual standard-market rate, and that gap is real money at high taker volume.
- MEXC is not available to residents of the United States or Canada, with restrictions in markets including the United Kingdom and Singapore.
- MEXC does not hold MiCA authorisation and appears on ESMA's register of non-compliant entities, which makes it unsuitable for EEA readers leaving Bullish Europe.
OKX
- A unified trading account margins spot, perpetuals and options from one collateral pool, which is the structure institutional users leaving Bullish will recognise.
- Base spot fees of 0.08% maker and 0.10% taker undercut the 0.10% retail standard on the maker leg.
- Proof of reserves published using zk-STARK cryptography rather than a plain Merkle tree.
- The interface carries a steeper learning curve than beginner-focused platforms.
- Listing pace for small-capitalisation assets trails the listing-focused venues.
Bybit
- Among the largest perpetual futures venues by reported volume, at 0.02% maker and 0.055% taker.
- Withdrawals stayed open through the February 2025 security incident, and CNBC reported that a Hacken proof-of-reserves audit confirmed Bybit had restored its reserves within days.
- A full testnet and demo environment for strategy development before committing capital.
- Not available in the United States or the United Kingdom.
- The 2025 breach remains a legitimate counterargument on custody risk.
- Spot listing breadth trails the listing-focused exchanges.
Kraken
- Licences across the US, UK, EU, Canada and Australia, which is the widest Western footprint in this list.
- More than 450 digital assets alongside over 11,000 US-listed equities and ETFs on the company's own figures.
- Operating since 2011 with no customer-fund hack losses on record, per the company.
- Kraken's 0.40% spot taker fee is eighty times Bullish's 0.5 basis point individual rate, against a 0.25% maker fee.
- Fewer small-capitalisation and meme listings than offshore venues.
- Instant-buy products carry meaningfully higher effective costs than the Pro interface.
Coinbase
- A Nasdaq-listed, SEC-reporting company with quarterly filings and third-party asset audits.
- Broad US availability with institutional-grade custody used by spot-ETF issuers.
- The cleanest onboarding path in this list for a first-time buyer.
- Advanced base fees of 0.40% maker and 0.60% taker are the highest here.
- A conservative listing policy means new tokens arrive later and in smaller numbers.
- Derivatives access is delivered through regional products rather than one global venue.
Gate
- Operating since 2013, which is thirteen years of continuous survival across multiple market cycles.
- One of the broadest early-stage and niche token catalogues among established venues.
- A 10 out of 10 CoinGecko Trust Score with published reserve data.
- A flat 0.20% maker and taker spot rate is four times MEXC's taker fee.
- US retail access runs only through a separate, more limited entity.
- Interface density can overwhelm newer traders.
For platforms beyond this list, see the complete exchange alternatives comparison, which covers the wider field on fees, listings and regional access.
The 7x Ceiling, and What It Actually Protects You From
For how the leading venues compare on leverage caps, fees and pairs, see our derivatives exchange comparison.
Where Bullish Still Wins
How those strengths net out against MEXC's is the subject of our MEXC vs Bullish comparison.
Who Can Actually Use Bullish, and Where
If You Are in the EEA, Read This First
How to Move Off Bullish in 3 Steps Without Losing Coins
The same checks apply to any destination, as our complete guide on how to switch crypto exchanges explains.
Who Should Pick What
If you are | Pick | Because |
A retail trader outside the EEA, US and UK who left Bullish over the asset list | MEXC | 0.0000% maker matches Bullish, and 1,633 tracked assets against 67 answers the actual complaint |
A high-volume taker who only trades majors and stablecoins | Stay on Bullish | Nothing in this list beats 0.5 basis points on the assets Bullish already lists |
A trader who left over the 7x leverage ceiling | Bybit or MEXC | Deeper perpetuals books and higher leverage tiers, with proportionally higher liquidation risk |
An advanced trader who wants Bullish-style unified margin | OKX | One collateral pool margining spot, perpetuals and options together |
A reader in the EEA | Any MiCA-authorised venue here | Bullish Europe, Kraken, Coinbase, OKX and Gate are in the ESMA register; MEXC is not |
A reader in the United States | Coinbase or Kraken | Bullish gives you ten states and two assets; MEXC gives you nothing, because it does not serve US residents |
A reader in the United Kingdom | An FCA-registered platform | Bullish restricts UK access to professional investors and MEXC applies UK restrictions |
Frequently Asked Questions
Risk and Regulatory Notice
Where to Go From Here
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