The Paradoxes of Coinbase

Binance attained these heights by executing aggressively on several fronts: expanding geographically, adding to its listing of coins and tokens, and experimenting with new products, including its own decentralized exchange and exchange token.

While Coinbase's product appeals to the newcomer, other exchanges cater to advanced users. Binance and Bitmex offer leverage and derivatives, while platforms like LocalBitcoins and Paxful support anonymous, non-custodial options for buying and selling bitcoin.

Binance offers markets in over 150 different cryptocurrencies, while Coinbase supports fewer than 50.

That may partially be because Binance's trading fees are highly competitive, coming in at 0.10% versus Coinbase's 3.99% and Coinbase Pro's ~0.50%.

Binance also does not restrict users to a maximum daily trading amount.