
Binance
Trust score 10 / 10 · Trust rank #4 · Founded 2017
Binance is a leading cryptocurrency exchange offering a wide range of cryptocurrencies and low trading fees, catering primarily to experienced investors.
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Data refreshed 5 Nov 2026 · Compiled by Charlie Williams

Trust score 10 / 10 · Trust rank #4 · Founded 2017
Binance is a leading cryptocurrency exchange offering a wide range of cryptocurrencies and low trading fees, catering primarily to experienced investors.
Read the Binance review
Trust score 8 / 10 · Trust rank #27 · Founded 2017
Upbit is a cryptocurrency exchange known for its user-friendly interface and comprehensive range of digital assets. It provides you with access to a wide variety of cryptocurrencies and offers competitive trading fees.…
Read the Upbit reviewBinance and Upbit are both centralized exchanges. Binance (founded 2017, headquartered in Cayman Islands) ranks #4 on our trust rank, reports $8.86B in 24-hour trading volume and lists 519 coins across 1,376 trading pairs. Upbit (founded 2017, headquartered in South Korea) ranks #27 on our trust rank, reports $963.0M in 24-hour trading volume and lists 346 coins across 553 trading pairs.
Scored on 7 measurable dimensions where both exchanges have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | Binance | Upbit |
|---|---|---|
| Trust score | 10 / 10 | 8 / 10 |
| Trust rank | #4 | #27 |
| 24h trading volume | $8.86B | $963.0M |
| Coins listed | 519 | 346 |
| Trading pairs | 1,376 | 553 |
| Founded | 2017 | 2017 |
| Headquarters | Cayman Islands | South Korea |
| Exchange type | Centralized (CEX) | Centralized (CEX) |
| Countries available | 48 countries | 1 countries |
| Licences / registrations | Financial Intelligence Unit (FIU-IND), registration - India, Financial Services Agency (JFSA) - Japan (through Binance Japan), Securities and Exchange Commission (SEC Thailand) - Thailand (through Gulf Binance Co., Ltd), Virtual Assets Regulatory Authority (VARA), exchange services - United Arab Emirates | Korea Financial Intelligence Unit (KoFIU), VASP registration - South Korea, Securities and Exchange Commission (SEC Thailand) - Thailand (through Upbit Exchange), Monetary Authority of Singapore (MAS) - Singapore (through Upbit Singapore Pte. Ltd.) |
| Trading types | Derivatives, Spot | Spot |
| Best-for use cases | Beginner-Friendly, Centralized, Copy Trading, High Liquidity, Low-Fee, Margin trading, Peer-to-Peer (P2P) | — |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that exchange — we never fill gaps with estimates.
Only Binance (48): Albania, Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, Colombia, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel and 23 more.
Only Upbit (1): South Korea.
Availability reflects the countries each exchange declares it serves. Local rules change; confirm on the exchange's own site before signing up.
Binance reports the higher 24-hour trading volume ($8.86B vs $963.0M), based on the latest market data in our catalogue.
Binance lists more coins: 519 at Binance versus 346 at Upbit.
Binance has the higher trust score (10 / 10 vs 8 / 10). The score reflects liquidity, scale of operations and cyber-security signals as tracked in our catalogue.
Binance is the older of the two, founded in 2017; Upbit was founded in 2017.
They overlap in 0 countries. Binance is additionally available in 48 countries (Albania, Argentina, Australia, Austria, Belgium, Brazil and 42 more) and Upbit in 1 countries (South Korea).
Risk warning: cryptoassets are highly volatile and largely unregulated in many jurisdictions. You may lose the entire amount you deposit. Nothing on this page is financial advice; check availability and terms with the exchange before opening an account. Full risk disclosure.