BinanceBybit
Trading fees (base tier)
Spot maker0.1%0.1%
Spot taker0.1%0.1%
Futures maker0.02%0.02%
Futures taker0.05%0.055%
Markets (live)
Coins listed1,189892
Coins with perpetuals744797
Coins with spot pairs812397
24h volume$73.52B$15.83B
Coins only here693 coins trade on both496199
New listings (detected live)
Last 30 days80
Last 90 days80
Perpetuals listed on both
Cheaper on more coinsof 654 shared perps, by mid price310 coins305 coins
Average funding (24h)positive = longs pay shorts+0.020%+0.012%
Typical price gapmedian between the two venues0.059%0.059%
Safety and access
Proof of reservesYes · monthlyYes · regular (roughly monthly) · Hacken
Licenses2Abu Dhabi (ADGM) authorisation to operate (December 2025), Japan: re-entered via acquisition of Sakura Exchange (November 2022)1EU: MiCA crypto-asset service provider authorisation from Austria's FMA (May 2025)
Restricted regions7 regionsUnited States (served by separate Binance.US), Canada, Netherlands, United Kingdom (new sign-ups closed), European Union (no MiCA licence since July 2026)…12 regionsUnited States, Canada, Chinese Mainland, Hong Kong, Singapore…
HeadquartersNo official headquarters; operates through regional entities (e.g. Abu Dhabi, Japan)Dubai, United Arab Emirates
Exchange tokenBNB—
Incidents on record41
Binance or Bybit?
Binance and Bybit are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.
Binance lists 1,189 coins and Bybit 892. 693 coins trade on both, 496 only on Binance and 199 only on Bybit. In the last 30 days Binance added 8 new coins and Bybit 0.
On the 654 perpetual contracts listed on both exchanges, Binance was cheaper on 310 and Bybit on 305, with a typical gap of 0.059%. Gaps like these are what the arbitrage scanner tracks; average 24h funding on the shared coins was +0.020% on Binance and +0.012% on Bybit.
Fees above are base-tier rates before VIP levels and token discounts; Binance offers 2 discount options. Availability depends on where you live, so check the restricted regions before signing up.