Coinbase vs Bittrex vs Kyber Network
What problem does this service solve?
Coinbase is one of the most established and recognizable names in the crytpo industry. It is extremely user-friendly and is great for beginners. | Bittrex is one of the largest US based crypto exchanges. | The Kyber Network provides instant liquidity for digital tokens across several platforms. They do this by keeping a reserve of tokens, and initially, they will be the sole reserve manager to ensure they have the tokens available. Their goal is to enable anyone to become a reserve manager and earn income by providing liquidity on the network. |
Token Stats
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Company Description
Coinbase is one of the most prominent and influential crytpo companies. It is the most recognizable exchange in the United States and has over 20 million users worldwide.It is extremely user-friendly and is great for beginners. Coinbase is the intro platform for many first time crypto investors because it has a number of features such a free GDAX account for all users, a user friendly mobile App, and built in wallet options. | Bittrex is one of the largest crypto to crypto exchanges. It offers a large number of trading pairs, but do not allow fiat to crypto trading. Bittrex has one of the largest trading volumes in the market. | Kyber is a decentralized network and exchange that is focused on providing liquidity. Kyber enables token transactions between platforms and aims to make these exchanges of value easier, by connecting different ecosystems and applications. Kyber users can exchange tokens with greater liquidity because the network maintains a reserve of all tokens. Transactions are very fast and are processed via smart contracts that have a derivative functionality where users can hedge currencies to lower risk. Kyber can also be used make payments to anyone, in any token, across any platform. The network is powered by the Kyber token (KNC) that was released in an ICO that raised almost $49 million. |