Binancevs
Coinbase Futures
Compare Binance vs Coinbase perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.
Coinperps score
Four weighted criteria, scored out of 10 by Coinperps Research. How we score ›
Binance9.4/10Coinbase Futures6.75/10Market position
Each venue's share of the perpetual venues Coinperps tracks, live over the last 24 hours.
The same market on each venue
One perpetual, both books: where the liquidity and the crowd actually are right now.
BinanceBTC/USDTCoinbase FuturesWinner marked per row. Funding is an 8-hour equivalent; the lower rate is cheaper for longs. Depth: order-book liquidity within 1% of mid.
BTC funding over 90 days
Daily funding on each venue's BTC perpetual against the cross-venue median, every venue normalised to an 8-hour equivalent. Persistent gaps are what a carry trade or a long hold actually pays.
Binance vs Coinbase Futures: head-to-head
Fees, leverage and regulation from each venue's published terms; volume, open interest and funding live from the Coinperps feed. The better figure is marked where one exists.
| Dimension | Binance | Coinbase Futures |
|---|---|---|
| Fees & costs | ||
| Taker fee | 0.05% | 0.6% |
| Maker fee | 0.02% | 0.4% |
| Volume & liquidity | ||
| Perpetuals volume (24h) | -- | -- |
| Open interest | -- | -- |
| Options volume (24h) | -- | -- |
| Liquidations (24h) | -- | -- |
| Perpetual contracts listed | -- | -- |
| Live funding rates | ||
| BTC funding rate | -- | -- |
| ETH funding rate | -- | -- |
| SOL funding rate | -- | -- |
| XRP funding rate | -- | -- |
| All funding on this page is shown as an 8-hour equivalent. Venues that settle hourly (Hyperliquid, Kraken, Coinbase, dYdX) are scaled by the interval the feed reports, so the figures compare like for like. | ||
| Trading features | ||
| Contract types | USDT and USDC | USDC only |
| Maximum leverage | 125x | 20x |
| Spot assets | 400 | 285 |
| Platform type | Centralized | Centralized |
| Regulation & trust | ||
| Regulation | FinCEN (USA), FINMA (Switzerland), FCA (UK), ADGM (Abu Dhabi), AMF (France), and 17 more | Tier-1 Regulators including FCA (UK), BaFin (Germany), BitLicense (New York), MAS (Singapore), AUSTRAC (Australia), and VASP (Multiple EU countries) |
| Proof of reserves | ✓ Yes | ✓ Yes |
| Supported countries | 160 | 100 |
| Users | 265 Million | 120 Million |
| Headquarters | Dubai, United Arab Emirates | San Francisco, United States |
About Binance
Binance is the largest cryptocurrency exchange by trading volume, founded in 2017 and home to the deepest perpetual futures liquidity in the market, from BTCUSDT down to long-tail altcoin pairs.
Headquartered in Dubai and led by CEO Richard Teng, it serves more than 260 million users across 180+ countries, offering perpetuals at up to 125x leverage alongside 350+ spot assets, options, and margin trading.
Binance is licensed in major hubs including the UAE, Japan, and Australia, backs users with a $1 billion SAFU insurance fund held in Bitcoin, and publishes Proof of Reserves so anyone can verify assets are backed at a minimum 1:1 ratio. EU access is restricted while it pursues MiCA authorization.
About Coinbase Futures
Coinbase, founded in 2012 and led by CEO Brian Armstrong, became the global leader in crypto derivatives by open interest and options volume after closing its $2.9 billion Deribit acquisition.
Perpetuals run through three regulated channels, CFTC-cleared perpetual-style futures for US traders, the Bermuda-licensed International Exchange with 180+ perps at up to 50x, and MiCA-covered access in the EEA.
International perps fees start at 0.020% maker and 0.040% taker, scaling to 0% and 0.015% at the top tier, while retail traders on Coinbase Advanced pay a promotional 0% maker and 0.03% taker.
On September 9 the international derivatives business consolidates onto Deribit's matching engine, bringing a unified order book, a larger insurance fund, and continuous funding accrual.
