I believe Kraken offers margin trading for US residents, no?
Leverage is capped at 5x and requires KYC. It's the best "legit" option we have, but it's no replacement for Bitmex or Deribit.
Bitmax is worth a shot as well, though hasn't been around as long so doesn't have quite the same track record.
It looks like the maximum leverage is 10x (which is okay for me) but liquidity is really bad. Check out this wick down to the $8,000s a few days ago:
https://bitcointalk.org/index.php?topic=5178197.0I wouldn't recommend margin trading with such thin order books. Same problem at Kumex......only safe for really small positions.
Agreed, but at this point the options are:
1) Go with Kraken, do KYC
2) Use a VPN, use Bitmex or ByBit
3) The only alternatives are less established which by default means order books are going to be thinner