What are the external and internal disks of the currency circle?

The external currency market refers to overseas exchanges with large trading volume and strong liquidity, such as Binance, Huobi, OKEx, etc.; the internal market refers to domestic exchanges with large trading volume and strong liquidity, such as Huobi, OKEx, Matcha, etc. . Their main differences are: 1. The trading scope is wider; 2. The external trading volume and liquidity are better; 3. The external trading uses English trading interface and customer service, and the internal trading uses Chinese; 4. The external trading is not subject to domestic supervision, and the internal trading follows domestic regulations. .

Coin Circle External Market and Internal Market

Definition

Coin Circle External Market and Internal Market are two corresponding trading platforms, respectively:

• Outer Market: Global trading volume is large and liquid Cryptocurrency exchanges with strong security, such as Binance, Huobi, OKEx, etc.
• Internal trading: Domestic cryptocurrency exchanges with large trading volume and strong liquidity, such as Huobi, OKEx, Matcha, etc.

Differences

1. Trading scope

There are many external trading varieties, including mainstream currencies, small currencies, derivatives, etc., while internal trading varieties are mainly concentrated in mainstream currencies.

2. Trading volume and liquidity

The trading volume and liquidity of the external market are much higher than that of the internal market, with better trading depth and less volatility.

3. Language and customer service

The external market mainly uses English trading interface and customer service, while the internal market provides Chinese trading interface and customer service to facilitate domestic users.

4. Compliance

External exchanges are not subject to domestic supervision, while internal exchanges need to comply with domestic regulatory requirements.

Selection basis

Choosing external or internal trading depends on the specific needs of traders:

• High depth and liquidity requirements: Suitable for choosing external trading.
• High demand for diversity of trading varieties: Suitable for external trading.
• High demand for convenience and compliance: Suitable for internal trading.

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