Binance vs Loopring vs Gate.io
What problem does this service solve?
Binance is one of the largest crypto exchanges. | Loopring is a decentralized exchange protocol with unique automated execution mechanisms. | Gate.io is an unregulated USA based crypto to crypto exchange. |
Token Stats
Not Relevant |
Company Description
Binance is the largest cryptocurrency exchange by trading volume. The large trading volumes and range of cryptocurrency pairs available for trading, make Binance one of the most influential companies in the blockchain field. The Binance Coin (BNB) gives holders a discount on trading. Binance is capable of processing 1.4 mil orders/second, has multi-language support – Chinese, English, Korean, Japanese and has all the major coins available – BTC, ETH, LTC, BNB etc. Binance's trading fee is 0.1%. | Loopring is an Ethereum-based decentralized exchange protocol with an automated execution. Loopring is not a decentralized exchange. It is an infrastructure that enables decentralized exchange. Loopring is designed to allow any platform that uses smart contracts to integrate. By pooling all orders sent to its network, Loopring provides maximum liquidity and optimal pricing across exchanges and platforms. One of Loopring's unique features is that users don't need to deposit funds with an exchange. Tokens remain in wallets and are not locked by orders. In addition to not requiring direct deposits, the protocol has innovative mechanisms built in that allow for a series of trades to be bound together in an order ring to fulfill each other. The orders can then be split through order sharing, where partial orders will be filled until the whole amount is completely filled. This unique automated execution feature increases liquidity. | Gate.io is a crypto to crypto exchange based in the USA. It is an unregulated exchange and does not accept US clients. They offer one of the widest selections of tokens. Trading Fee: 0.2% Gate.io has received many negative reviews regarding difficulties withdrawing funds. |