I’m not going to lie when I say that the funds I keep on Binance sometimes keep me up at night, worrying about what regulatory body is going to ban them next, while anything I have on Coinbase I feel is about as secure as the money in my bank. If they had a one-two combo, their speciality is onboarding those new to crypto, and their combo would be playing nice with regulators and staying legal and compliant. They have one heck of a hail maker swing, and that comes in the form of being the most beginner-friendly platform in the space. To look at Coinbase from our prize fighter analogy, Coinbase would be the fighter who has one trick, one speciality that they do well, better than anyone else in the industry. What the choice should ultimately come down to are the features, fees, asset support, and the security/reputation of the exchange. Now, all this talk about size and volume can be considered moot for your average retail trader as any major exchange will be suitable by those metrics. Here is a look at how the top five exchanges stack up on CoinMarketCap Image via CoinMarketCap But for the average retail investor, both exchanges are more than suitable in terms of deep liquidity and trading volume. You cannot find these levels of liquidity or trading volume anywhere else. How much bigger you ask?Īt the time of writing, here is how these two stack up in terms of 24-hour trading volume:Īs you can see, Binance is the preferred exchange by many retail and big money players/institutions in the space. It is by a large margin, the largest cryptocurrency exchange in the world, used by millions worldwide in hundreds of countries, ranging from retail clients to institutions. They are like the MacGyver of crypto, or the James Bond if you will, with all the trinkets.īinance is truly unmatched when it comes to the sheer size of trading volume and features offered. That is to say that Binance can do it all, and it does it well. If we were to continue with the prizefighter analogy, in an MMA match, Binance would be bigger, have a longer reach, and out strategize the challenger by being well versed both from a standing position and down on the mat.
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