Battle Of Crypto Exchanges: Binance VS Huobi Pro

2 min readApr 16, 2018

The competition to become the #1 cryptocurrency exchange in the world has gotten more competitive. Huobi Pro launched their token sale of the Huobi token to lower fluctuation and stabilize their platform back in February. So far they have raised $300 Million and are going against Binance to become the best cryptocurrency exchange in the world. Binance has their referral system working, but now Huobi pro announced their Huobi Super Rebates program as well.

Binance

Founded in China, but recently moved to Malta due to regulations on its respective country launched their exchange and token sale back in 2017. Their BNB token was able to raise $15 Million and is worth now more than $1 Billion. The new business model of exchanges launching their own token to reduce fees amongst traders.

Binance Referral

Binance charges 0.1% trading fee on market trades and 0.05% when trading with their native BNB token. Their referral program allows investors who invite new traders to the platform and get a 20% commission on their trades.

Pros:

50+ cryptocurrencies
High liquidity
20% reward system based on referral
Native token for discount trades
Multi- language support
Educational portal
Their CEO, Changpeng Zhao

Cons:

Delays when withdrawing certain coins
Regulatory uncertainty of its native token
Available only for crypto-crypto trades in most countries

Huobi Pro:

Huobi is one of the largest Chinese exchange platforms, founded by Leon Li in 2013. Their main focus was the Chinese market but now with their expansion, Huobi Pro plans to tackle more countries. Launching their native token Huobi token to lower fluctuation and stabilize their platform back in February. As they look to expand to more markets such as the Japanese, S. Korean and the US.

Huobi Super Rebates

Huobi charges 0.2% maker/taker trading fees. Their new Huobi Super Rebates program is incentivizing investors to invite their friends and reward them with 30% trading commission for the first 3 months. Join their Telegram group to learn about future airdrops on the platforms and trading fees.