Trading volume ranking: Binance is first, Huobi is second, and OKX is third. In addition, Binance supports over 600 coins, Huobi supports over 500, and OKX supports over 400.
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Comparison of three major cryptocurrency exchanges: Binance, Huobi, OKX
Introduction:
Binance, Huobi and OKX are the world’s leading cryptocurrency exchanges, dominating in terms of trading volume, supported currencies and number of users.
Trading volume:
- Binance: Industry leader with over $20 billion in daily trading volume
- Huobi: Second largest Exchange, daily trading volume exceeds 10 billion US dollars
- OKX: The third largest exchange, daily trading volume is about 6-8 billion US dollars
Supported currencies:
- Binance: Supports more than 600 currencies
- Huobi: Supports more than 500 currencies
- OKX: Supports more than 400 currencies
Transaction fees:
- Binance: The fee structure is complex and varies based on transaction volume and the amount of BNB held on the platform.
- Huobi: adopts a fixed fee model and charges a certain percentage of fees based on the transaction amount.
- OKX: similar fee structure to Binance, but also offers discounts and fee rebates.
Security:
- Binance: Has security measures like two-factor authentication, anti-phishing codes, and cold storage.
- Huobi: Adopts a layered security architecture, including multi-signature, cold wallet and DDoS protection.
- OKX: Has a bank-grade security system, using multi-factor authentication and cold wallet technology.
User experience:
- Binance: The interface is simple and easy to understand, providing a variety of trading tools and transaction types.
- Huobi: The interface is complex but feature-rich, providing a highly customized trading experience.
- OKX: Modern interface, easy to navigate, and offers a range of analysis tools.
Customer Service:
- Binance: Online support and chatbot available 24/7.
- Huobi: Customer support is available via email, live chat, and phone.
- OKX: Offers 24/7 live chat support and a comprehensive help center.
Regulation:
- Binance: Licensed or registered in multiple jurisdictions, but faces regulatory challenges.
- Huobi: Obtained licenses in Singapore and Japan, but has not yet received U.S. regulatory approval.
- OKX: Licensed in Malta and exploring licensing in other jurisdictions.
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