WhiteNav homeSTART PAGE
66a3b79e 06b7 41bf 9321 06bddc6bf759.png?ixlib=rails 2.1
CAPinside1 MIN READING TIME2018-06-13

The battle of the two Bitcoin exchanges - Coinbase vs.. Binance

Competition stimulates business. And finally, everyone has something of it. Binance and Coinbase are at the top of the crypto exchanges and have been competing for some time. For traders, that could mean better regulation and offers.

Coinbase and Binance list Ethereum Classic

Both platforms will soon be added. Coinbase recently announced that it will soon be integrating Ethereum Classic (ETC) on the stock exchange. On Binance, trading with Ethereum's Hard Fork is already possible. Traders can exchange ETC with their own Binance Coin (BNB) and the Stable Coin Tether (USDT). This offers different possibilities to come to Ethereum Classic. Coinbase, one of the largest cryptographic exchanges in the world and the largest in the United States, does not primarily offer many cryptocurrencies. Previously only Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) were tradable on Coinbase. But these cryptocurrencies can be bought and sold with fiat money.

Binance looks different. The Japan-based platform has always provided a large amount of cryptocurrencies, especially hundreds of Altcoins. However, these can usually be exchanged only against Bitcoin and Ethereum, more often against its own crypto currency Binance or Tether. The fact that Ethereum Classic is listed on both platforms will benefit traders in particular. Because they offer different options for buying and selling.

Coinbase wants to be regulated

Coinbase has not been idle lately. Recently, the company opened an office in Japan headed by Nao Kitazawa. By its own account, Coinbase worked hand in hand with the Japanese Financial Services Authority. At the same time, the company aims to expand its offer of cryptocurrencies. However, a significant step is likely to be regulation by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) . The additional regulations ensure more seriousness and confidence on the part of traders.

Changpeng Zhao Announces Fiat Currencies.

In an interview, Binance CEO Changpeng Zhao announced that he intends to introduce cryptocurrency trading via Fiat currencies in the near future. He would have found a bank in Malta for that. The stock exchange is to move to Malta later this year. Binance was launched in China in 2017, but fled the regulations of the Chinese authorities to Japan. In this short time, Binance has become one of the largest crypto exchanges in the world. Among other things, this was due to the large selection of cryptocurrencies. However, the traders on the exchange sought in vain for the purchase of coins with dollars or euros. The introduction of Fiat currencies could increase the trading volume of the stock exchange.