Since trading fees do not directly relate to the products traded, U.S. In addition, Binance offers fee reductions for referrals of new users. Binance fees are structured in levels so that the higher tagihan you work at, the less you pay per trade. Exchanges charge trading fees for actions such as exchanging currency and margin trading. Trading Feesīinance has become a favorite among traders because of its low trading fees. This number is much lower than Binance’s international exchange but is on par with other U.S.-based exchanges. As a direct result of these rules, Binance.US only offers about 53 cryptocurrencies for exchange to U.S. regulations limit the number and types of cryptocurrency that a U.S.-based company can sell to U.S. These numbers are far greater than Binance.US. This number is lower than on leading decentralized platforms like Uniswap but is still among the highest centralized exchanges. In total, Binance offers exchange in over 500 cryptocurrencies and trading in more than 1200 trading pairs. In addition, Binance also offers several hundred less well-known altcoins. This includes the top 20 coins such as Bitcoin, Ether, and Ada. The Binance international exchange offers a huge variety of cryptocurrencies. Read: Keeping Crows Away From Bird Feedersīesides these broader differences, there are also some practical differences when comparing Binance vs Binance.US. Binance.US cannot legally offer all the same crypto assets that the main Binance exchange can. The main differences between the two relate to financial regulations in the United States. However, Binance.US is managed independently. What’s the Difference?īinance owns Binance.US’s name and intellectual property. That is why the company was willing to take the steps and suffer the expense of creating a version of the exchange just for one country. That means that it is a valuable market for Binance. The United States has many crypto users and owners within its borders. regulations, Binance instead created a separate exchange for U.S. Rather than change its main exchange to suit U.S. Trading in securities in the United States requires extensive licensing. A security is a category of financial products which includes stocks, bonds, and specialized derivatives like futures. regulators believed some of the crypto assets that Binance’s trading podium allowed a user to trade were essentially securities. Eventually, founder Zhao-often referred to by insiders simply as CZ-declared that Binance had no headquarters, in the same sense that bitcoin has no headquarters.īinance.US was founded in 2019 in response to regulations that impacted Binance’s business in the United States. Originally founded in China, Binance has since moved its headquarters several times.īinance relocated from China to Japan and Taiwan, then eventually Malta. This was the case for Binance, which came into repeated conflict with government regulations of multiple countries in the years after it was founded, including, eventually, the United States. In the quickly changing environment of cryptocurrency, government regulations are often several years behind the cutting edge. However, the rise of this crypto giant was not smooth. Since 2017 Binance has grown quickly to reach its current position. He also served in an executive position at another cryptocurrency exchange, OKCoin. Zhao’s professional experience before that point was in the development of advanced financial software, such as high-frequency trading software. What is Binance?īinance is a centralized cryptocurrency exchange founded in 2017 by Changpeng Zhao. The comparison of Binance vs Binance.US ultimately comes down to financial regulations in the United States. Difference Between Binance and Binance.USĭifference Between Binance and Binance.US.
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