Binance is a cryptocurrency exchange that launched in 2017. The exchange is headquartered in Malta. Binance has grown rapidly since its launch and is now one of the largest exchanges in the world.
Binance offers a variety of services including a spot exchange, margin trading, futures, and options. Binance also has its own native token, Binance Coin (BNB), which is used to pay fees on the exchange.
Coinbase Pro is a cryptocurrency exchange that launched in 2018. Coinbase Pro is a rebrand of GDAX, which was launched in 2016. Coinbase Pro is headquartered in San Francisco.
Coinbase Pro offers a spot exchange, margin trading, and OTC trading. Coinbase Pro also has its own native token, Coinbase USD Coin (USDC), which can be used to pay fees on the exchange.
Binance fees are lower than Coinbase Pro fees overall. Binance charges a 0.1% fee for spot trading, while Coinbase Pro charges a 0.3% fee.
Binance also offers discounts on fees when paying with BNB. For example, if you use BNB to pay your spot trading fees, you will only be charged a 0.075% fee. Coinbase Pro does not offer any discounts on fees.