OKX & Binance Broker Enter Traders Union’s Top 10 Crypto Exchange List - Hindustan Times

OKX & Binance Broker Enter Traders Union’s Top 10 Crypto Exchange List

Published on Oct 17, 2023 06:44 PM IST

Traders Union lists top 10 cryptocurrency exchanges, highlighting OKX and Binance.

OKX & Binance Broker Enter Traders Union’s Top 10 Crypto Exchange List
OKX & Binance Broker Enter Traders Union’s Top 10 Crypto Exchange List
ByHT Brand Studio

Cryptocurrency has witnessed a surge in popularity in recent years, with tokens increasingly being adopted as a substitute for traditional fiat currencies. This trend has attracted numerous investors with a strong appetite for high-risk, high-reward assets.

Due to this, the well-established financial platform Traders Union (TU) has curated a list of the Top 10 Cryptocurrency Exchanges to aid traders in their financial decision-making.

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Today’s spotlight falls to OKX and Binance broker, two of the most prominent cryptocurrency exchanges that have garnered significant recognition in recent times.

Commencing with Binance, TU experts positioned it at the sixth spot with an overall score of 7.05 out of 10. Its strongest parameter is trading instruments, garnering a score of 9.48, followed by brand popularity (9.10), customer support (8.97), online education (8.23), commissions and fees (7.61), and user satisfaction (6.51).

The CoinMarketCap cryptocurrency portal has identified Binance as the leading exchange based on a comprehensive assessment of daily trading volume, the influx of new users, active user numbers, liquidity, and web traffic metrics, including rankings, search queries, and statistics across search engines.

Besides, it is also a blockchain startup that has introduced its proprietary "native asset," known as the Binance Coin or BNB, which serves as the primary unit for internal payments within its ecosystem.

In addition to its core functions, Binance also serves as a platform for launching cryptocurrency business projects through Binance Launchpad. Subsequently, it operates as a business incubator and maintains a charitable foundation.

TU analysts attribute its success to the distinctive amalgamation of a technological platform complemented by additional features such as passive investment opportunities and the presence of proprietary tokens, among other distinguishing characteristics.

Binance provides some of the most competitive fees in the cryptocurrency market, thanks to its robust liquidity, and it offers favorable conditions for withdrawing funds.

Transitioning to OKX, it secures the third position in the TU ranking with an impressive overall score of 8.7 points, primarily owing to its extensive array of services and additional features.

Through its platform, traders have the opportunity to engage in cryptocurrency trading, generate income through token storage, and supply funds for margin trading.

This cryptocurrency exchange boasts an extensive selection of over 100 cryptocurrencies, including BTC (₿), LTC (Ł), ETH (Ξ), and XRP, among others.

It also offers various avenues for passive income generation and a wealth of educational resources.

In addition to these features, OKX's clientele values the availability of diverse investment programs, exclusive educational academies offering valuable resources, cryptocurrency listing services, and the convenience of mobile app-based trading.

Furthermore, the exchange employs a high level of security through both cold and hot wallets, and its website is accessible in 20 different languages.

The investment program at OKX permits traders to earn on an hourly basis. To participate, traders need to transfer a portion of their funds to the "Savings" portal, and the exchange utilizes these funds for margin trading.

Interest is accrued hourly on the utilized funds, and traders have the flexibility to withdraw their funds at any time. Typically, withdrawal requests are processed, and funds are returned within an hour.

Both OKX and Binance provide excellent services for traders. However, experts caution that cryptocurrencies are highly volatile assets and may not be suitable for traders with a low-risk tolerance.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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