Other Features
Binance Earn is Binance’s staking feature, which offers a substantially greater number of stakeable coins with over 50 tokens. The Binance staking app also provides much larger payouts of up to 82% APY on assets with a big market capitalisation, such as Axie Infinity (AXS).
Binance Earn allows you to stake 50+ coins. Image: Binance
The OTC desk on Binance enables traders to purchase and sell large sums of cryptocurrency (over 10,000 USDT) without submitting orders in the order book. Through Binance’s Derivatives section, users can access the futures market. Many instruments support perpetual and delivery contracts in various cryptocurrencies, including stablecoins like USDT and BUSD.
Binance has opened an NFT marketplace where users can buy, sell, and exchange digital assets such as art, music, and games. The Binance NFT exchange is still in its infancy.
In contrast, Coinbase Earn is Coinbase’s native staking product that enables investors to earn up to a 5.75% annual percentage yield on cryptocurrencies held on the platform. Coinbase only supports six currencies for staking, including Algorand (ALGO), Ethereum (ETH), Cosmos (ATOM), Cardano (ADA), Solana (SOL), and Tezos (XTZ).
On Coinbase Pro, many order types are supported. Basic orders include market orders, limit orders, and stop orders, while more advanced order kinds are Good ‘Til Canceled, Immediate or Cancel, and Fill-or-Kill. This collection of order types enables traders to optimise trading accuracy, maximise earnings, and prevent losses.
Coinbase Pro’s user dashboard. Image: Coinbase
Coinbase has recently announced Coinbase NFT, which generated significant anticipation before its formal launch. However, it has significantly underperformed, trading as few as 20 ETH in 24 hours. The Coinbase NFT Marketplace provides a few OpenSea collections with reduced trading costs.