Binance, Ouyi and Huobi: Analysis of the advantages and disadvantages of the three major exchanges

The advantages and disadvantages of the three major exchanges, Binance, Ouyi and Huobi, are as follows: 1. Binance: The advantages include a large global influence, rich trading products, strong technical strength, and strong financial strength; the disadvantages are the regulatory risks and limited support for the Chinese market. 2. Ouyi: The advantages include good trading experience, advantages in contract trading, and good customer service; the disadvantages are relatively weak profitability and brand image need to be improved. 3. Huobi: Advantages include compliance efforts, large user base, strict review of currency listing; disadvantages are high pressure on business adjustments and relatively few trading varieties.

Binance

• Advantages
  • Great global influence: It is a global cryptocurrency exchange with high international popularity and users all over the world. Its daily trading volume was as high as US$76 billion. Its valuation in 2021 has reached US$300 billion2.
  • Rich trading products: Provide a variety of trading products, including options, spot, currency standard contracts, etc., and supports more than 100 cryptocurrencies trading2.
  • Strong technical strength: it can handle about 1.4 million orders per second, the trading system is efficient and stable, and can deal with high concurrent transactions2.
  • Strong financial strength: In March 2025, it received a US$2 billion investment from UAE technology and AI investment company MGX, with sufficient funding reserves, which to a certain extent enhanced users' confidence in the security of platform funds2.
• Disadvantages
  • Regulatory Risk 2: Facing regulatory investigations and allegations from multiple countries and regions, such as the Securities and Exchange Commission filing multiple charges against it, including operating unregistered exchanges, broker dealers and clearing agencies, which may affect its business development and reputation in some regions.
  • Support for the Chinese market is limited 2: It has withdrawn from the Chinese market in 2021. For Chinese users, using Binance may have certain inconvenience and legal risks.

OkX

• Advantages
  • Good trading experience: the interface design is simple and easy to operate, suitable for beginners and experienced traders. At the same time, it provides a variety of trading tools and chart analysis to meet the trading needs of different users.
  • Contract trading has advantages: it has a high popularity and market share in contract trading, provides a variety of leverage multiple choices, and has a relatively complete risk control mechanism, which is suitable for investors who like to trade derivatives.
  • Good customer service: Customer service has relatively fast response speed, can solve problems encountered by users in a timely manner, and has a good reputation among users.
• Disadvantages
  • Relatively weak profitability 1: Compared with Binance and Huobi, the profitability reflected in the amount of platform currency repurchase and destruction is relatively weak, which may reflect some of its disadvantages in market competition.
  • Brand image needs to be improved: In some major events or market fluctuations, Ouyi's response method may be questioned by some users, and it is necessary to further enhance the brand image and credibility.

Fire coins

• Advantages
  • Compliance efforts: A lot of work has been done in compliance, actively communicated and cooperated with regulatory agencies in various countries, and tried to conduct business within the compliance framework, which has reduced the legal risks of users to a certain extent.
  • Large user base: I used to have a large number of users in the Chinese market. Although my business in the Chinese market is now restricted, I still have a certain user base around the world and have a high community activity.
  • Strict review of currency listing: The review of newly launched digital currency projects is relatively strict, which to a certain extent guarantees the safety of users' investment and reduces the risk of users being exposed to inferior projects.
• Disadvantages
  • Business adjustment pressure: With the changes in the global regulatory environment, Huobi needs to continuously adjust its business strategies to adapt to regulatory requirements, which may have a certain impact on its business development and user experience.
  • Relatively fewer trading varieties: Compared with Binance, Huobi may support relatively few cryptocurrency trading varieties, which have certain limitations in meeting users' diversified investment needs.

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