Binance supports over 500 altcoins, stablecoins, and tokens, with the most common trading pairs being Bitcoin, Ethereum, their own Binance Coin, and Tether.Ĭoinbase doesn’t offer much to its users in terms of coins. Coinbase vs Binance: The Comparison Supported Cryptocurrenciesīinance is a crypto-to-crypto exchange only, known for supporting a great number of ICO tokens. This strategy is what holds traders in since they’re using the platform to trade tokens for profit. The platform was initially called GDAX but then rebranded as Coinbase Pro to be directly linked to its mother-platform. In 2016, Coinbase decided to expand its platform and create a separate one for the needs and benefits of an experienced clientele. The platform has more than 30 million customers who have exchanged over $150 billion in cryptocurrencies. Coinbase is licensed in almost every state in America which makes it even more trustworthy, as attested by its trading figures. The official website gives information about the availability of the platform, saying that it can be accessed from more than 100 countries around the world. Due to its amassed popularity, the company has been financially supported by world-leading investment firms and individuals such as Andreessen Horowitz, a venture capital firm, as well as stock exchanges like the NYSE, for instance. Its headquarters are currently located in San Francisco, California.ĭuring these seven years of hard work and constant improvement, Coinbase has come to enjoy an A-list status among traders across the globe. It operates since 2012 when it was launched by software engineers Brian Armstrong and Fred Ehrsam. CoinbaseĬoinbase is one of the oldest and largest digital currency platforms in terms of trading volume. Instead, US traders were redirected to instead, the American arm of this cryptocurrency exchange. In August 2019, Binance announced that the platform won’t be available in the United States anymore. Zhao used his experience and knowledge of the target market and the ICO (Initial Coin Offering) boom of 2017, to launch Binance with a $15 million funding raised during one of the most successful ICOs the crypto world had ever seen. Before founding his own crypto exchange, he worked for on various cryptocurrency projects and was a chief technological officer at OKCoin. Its founder is an experienced marketer, who has a strong background in the crypto sphere. Nevertheless, it has earned the trust of millions of investors around the world. As a result, they’ve recently relocated their headquarters to Malta.īinance has been operating for no more than two years, and it still hasn’t been registered with any legislative board. This country proved to be even less crypto-friendly, and the company was constantly scrutinized by the Japanese Financial Services Authority (JFSA). After facing regulatory issues, they moved their headquarters to Japan. It was founded in 2017 by Changpeng Zhao, also known as CZ, and was initially based in Shanghai, China. Binance is a fairly new platform on the crypto market.
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