Even with a five-year head start, Kraken only has more than 220 trading pairs. Now, it offers more than 600 trading pairs as of December 2020, providing a plethora of options for traders. To bolster its fast ascension in the crypto rankings, Binance has listed more tokens in various points of its history. As with Binance, it had an early reputation of being a platform for more advanced traders, but its recent updates, such as a lite version of its app and one-click buy features, have shown that it is eager to cater to more crypto beginners. Kraken: a ComparisonĪs the older exchange, Kraken had plenty of time to refine its platform to make it more convenient for users to buy and sell cryptocurrency.
We’re not going too deep in details, but we’ll provide our basic assessment on the advantages and disadvantages of both platforms. We’ll do this comparison based on a list of criteria. Nonetheless, both exchanges offer compelling services to the public.įor this head-to-head comparison, we’re giving you an overview of the overall cryptocurrency trading experience and conditions on Binance and Kraken. In terms of market position, Kraken had the upper hand in Bitcoin’s early days, but Binance has ranked at the top in terms of trading volume since 2018. Between the two, Kraken is the older exchange, as it was established in 2012, while Binance was created in 2017. In many reputable exchange rankings, both exchanges rank in the top 5.
When it comes to cryptocurrency exchanges, there are few names that are more prominent than Binance and Kraken.
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