![]() This is because Binance’s spot market includes many different crypto categories such as GameFi, DeFi protocols, and even meme coins. ![]() It has more than 600 coins and tokens compared to Coinbase which has over 100. In this section, we will take a closer look at what Binance and Coinbase have to offer and compare them based on these features: Cryptocurrency and Productsīinance is the winner in terms of the number of cryptocurrencies supported. Additionally, Coinbase has called on the SEC to develop a viable regulatory framework for digital asset securities following the insider-trading incident in July. The exchange immediately discovered the root cause of the outage in 2020 and remediated traffic spikes through autoscaling procedures. In fact, like Binance, Coinbase is also proactive, and has demonstrated time and time again the ability to turn unfavorable situations around. Nevertheless, Coinbase remains one of the top crypto exchanges in the world and will continue to be in the future. However, Coinbase has also had its fair share of controversies, from experiencing outages in the 2020 bull run to insider trading and Securities and Exchange Commission (SEC) investigations this year. With its market value on the stock market worth $100 billion in 2021, this is an impressive achievement that would further advance the crypto industry as a whole. Moreover, Coinbase was the first crypto exchange to go public on the Nasdaq in 2021, establishing itself as one of the front-runners of the crypto industry. Moreover, they also have cheaper transaction fees and more supported cryptocurrencies compared to Coinbase. Both platforms provide charting tools, real-time order books, among other tools to help advanced traders make the most of the exchange. Coinbase itself is for retail investors, and only offers spot trading, unlike other exchanges which offer other products such as derivatives or futures trading.Ĭoinbase Pro is for individual professional traders, and Coinbase Prime is for larger institutional clients. Key Features of CoinbaseĬoinbase is split into several categories catering for different types of users. As such, it is the largest cryptocurrency exchange in the U.S. Unlike other exchanges, Coinbase is based in the U.S. What is Coinbase?įounded in 2012, Coinbase is one of the earliest crypto exchanges in the world. In 2022, Binance has received regulatory approval to set up locations in Dubai and Bahrain, which is an important step as the granted license allows them to operate in compliance with global standards. The exchange is held in high regard for being proactive and astute in their planning and actions, not only for themselves but also for advancing the crypto space as a whole.īinance has been very active in collaborating with global regulators such as the Financial Action Task Force to support the development of crypto regulatory framework and policies. Binance’s Milestonesįor the longest time, the cryptocurrency industry is dominated by Binance. See also: Binance Exchange Review (2022) Best Crypto Exchange? Who Founded Binance?īinance was founded in 2017 by Chengpeng Zhao (CZ), former Chief Technology Officer of OKCoin who had years of experience developing high-frequency trading softwares. ![]() regulations for citizens to trade freely. Since Binance is not accessible in the U.S., Binance started Binance.US in compliance with U.S. There is also no shortage of trading features for experienced investors such as leveraged trading, options trading, and lending platform. ![]() On top of that, users can earn passive income on their holdings via Binance Earn. This is because Binance is largely focused on the spot market, supporting a wide range of cryptocurrencies for users to trade. Sign up and get 20% off Binance fees! Key Features of Binance It is rank one in organic trading volume per day ($14 billion at the time of writing) and in website and app user session (87 million visits). See also: Top Best Cryptocurrency Exchanges of 2023 What is Binance?īinance is the world’s most popular crypto exchange by a large margin. In this article, we will be comparing two of the top crypto exchanges in the world: Binance and Coinbase. With hundreds of crypto exchanges available, everyone is constantly asking “which crypto exchange is the best?” Traders want to make the most of their investments, whether it be low trading fees or lucrative services. However, one of the key factors in successful trading is finding the right crypto exchange. This has attracted many others to join in hopes of profiting from trading crypto. Traders worldwide have made substantial returns on their investment just from pressing a couple of buttons. Which Cryptocurrency Exchange is the “Best?”Ĭryptocurrency exchanges have been the central trading platform in the crypto space. Which Cryptocurrency Exchange is the “Best?”. ![]()
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