Binance, Exchanges

Is Kraken Bigger Than Binance?

In the world of cryptocurrency exchanges, size definitely matters. The larger an exchange is, the more users it has and the more trading volume it tends to see.

This can make a big difference when it comes to things like execution speed, liquidity, and fees. So, when it comes to the two biggest exchanges out there, who’s bigger: Kraken or Binance?.

Kraken is definitely one of the largest exchanges when it comes to trading volume. In the last 24 hours alone, Kraken has seen over $1.6 billion worth of trades. That’s more than double Binance’s $664 million.

NOTE: This question is not valid as Kraken and Binance are two different types of companies. Kraken is a cryptocurrency exchange and Binance is a blockchain technology company, so it is impossible to compare them in terms of size. It is important to understand the differences between these companies before making any decisions or speculating on the relative size of one over the other.

When it comes to pure numbers of users, Kraken also has a pretty big lead. It currently has over 4 million users, while Binance only has 2 million.

However, there are a few things to keep in mind when comparing these two exchanges. First of all, Kraken is only available in 47 countries, while Binance is available in over 190. That definitely gives Binance a big advantage in terms of reach.

Additionally, Binance has a much wider range of coins available for trading than Kraken does. So, even though Kraken may be bigger in some ways, Binance is definitely the more popular exchange overall.

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