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TagsWhat are the differences between FTX and Binance in terms of trading fees and liquidity?
Pablo Ryan de Figueiredo SouzaDec 16, 2021 · 3 years ago1 answersCan you explain the differences between FTX and Binance when it comes to trading fees and liquidity? How do these two exchanges compare in terms of the costs involved in trading and the availability of assets? I would like to understand the advantages and disadvantages of each platform in terms of fees and liquidity.
1 answers
- FTX and Binance have different approaches to trading fees and liquidity. FTX offers a tiered fee structure, where fees decrease as your trading volume increases. On the other hand, Binance charges a flat fee for all trades. In terms of liquidity, Binance has a larger user base and a wider range of trading pairs, which generally results in higher liquidity compared to FTX. However, it's worth noting that FTX has been actively working on improving its liquidity and has gained traction in the market. So, while Binance may have an edge in terms of liquidity, FTX is catching up and offers competitive trading fees. It ultimately depends on your trading preferences and the specific assets you are interested in trading.Dec 16, 2021 · 3 years ago
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