This estimate is around $85-100 million per day. However, you can make a rough estimate of Coinbase’s average daily volume based on the figures it provides on its homepage. It’s hard to say which exchange is bigger because Coinbase isn’t listed on CoinMarketCap. Note: A 24-hour trading volume is the total value of the cryptocurrency that is bought and sold on an exchange in one day. The exchange used a Binance Coin ICO to raise $15 million USD in July 2017. It also has its cryptocurrency called Binance Coin ( BNB). Both founders started their careers in crypto at the OKCoin exchange.īinance is a crypto-to-crypto exchange, which means it connects buyers with sellers for cryptocurrency trading. It’s based in Malta, although it has had offices in China, Japan, and Taiwan. More recently, it’s been rumored that the social media giant, Facebook, is interested in buying the exchange! All this makes Coinbase one of the most legit businesses in crypto.īut what about Binance? A Quick Binance Overviewīinance was founded in 2017 by Changpeng Zhao and Yi He. Since its creation, Coinbase has built partnerships with large companies like Dell, Time Inc., and Expedia. Not bad for a company that’s only six years old, right? Brian Armstrong has also been ranked number 10 on Fortune's list of the most influential young people in the business. In August 2017, Coinbase was the first exchange to become a unicorn! No, not the mythical horse! Coinbase became a financial unicorn which is a company that’s valued at more than $1 billion. Coinbase is the largest broker exchange on the market. Also, if you're in a rush, you can find the main details about each of the platforms below.Ī broker exchange buys a cryptocurrency for its customers instead of bringing buyers and sellers together as trading exchanges do. I’ll start with Coinbase and then move to Binance. I’ll be answering all the important questions like, is Binance safe? And what are Coinbase limits? However, the first question I’ll ask is - shall we begin? Yes? Great!īefore I start talking about the Coinbase VS Binance comparison, I’ll take a quick look at what each exchange is and where it came from. For beginners, the number of choices can be frightening, but don’t worry as I’m here to help! Popular trackers list around 200 cryptocurrency exchanges where users can trade hundreds of coins and tokens. The businesses that make up this industry are called cryptocurrency exchanges. So, if you’ve been thinking about investing in some Ethereum, Bitcoin or Ripple then you’re not the only one! A whole industry has been created to make it as easy as possible for people to buy and sell cryptocurrencies. The cryptocurrency market is worth more than $320 billion today. Because this is a Coinbase VS Binance review, I’m also going to tell you which exchange is best for newbie traders. I’m going to tell you what they are, what services they offer, and how safe they are to use. In this Binance VS Coinbase comparison, we're going to discuss two of the biggest crypto exchanges on the market.
0 Comments
Leave a Reply. |