Robinhood, SoFi and kraken are leading crypto companies and competitors to Coinbase.

In this report, published by the American magazine "Inc", writer Christine Lagorio Shafkin reviewed the fiercest competitors of Coinbase, the second largest cryptocurrency trading platform.

The Binance platform was established in 2017. (Al-Jazeera)

Binance platform

Founded in 2017, this platform is the largest crypto exchange in the world by trading volume.

Binance has its own currency called Binance Coin.

Changping Zhao, the platform's founder, moved the company out of China in 2017 due to increased restrictions on cryptocurrencies.

In 2019, the company launched the Binance.US platform after it was briefly banned by the United States (it is still banned in many states).

The Binance platform is expanding into new areas, including the launch of Binance NFT, an auction marketplace for non-fungible tokens.

It is reported that the recent daily trading volume of digital currencies amounted to 35 billion dollars, while the trading volume on the “Binance.US” platform amounted to 1.26 billion dollars, and the number of displayed currencies was 398. And 62 currencies on the “Binance.US” platform.

Entrepreneur Jesse Powell launched the Kraken platform in 2011. (Al Jazeera)

Kraken platform

Entrepreneur Jesse Powell launched Kraken in 2011, after anticipating the collapse of the bitcoin exchange MT Jukes, which halted trading in 2014. Although Powell was vehemently opposed to cryptocurrency regulations, he expanded the company – Headquartered in San Francisco - within the highly regulated world of traditional banking.

The state of Wyoming recently granted Kraken a license to become the first private-purpose depository, the Kraken Bank for cryptocurrency.

The last daily trading volume on the platform amounted to $1.98 billion, and the number of coins offered was 98.

The "Crypto.com" platform was founded in 2016 and is headquartered in Singapore. (Al-Jazeera)

Crypto.com platform

This platform was founded in 2016 and is headquartered in Singapore.

Two years after entrepreneur Chris Marsalek co-founded Monaco, a digital currency and financial services company, the company was renamed Crypto.com.

This platform offers the world's largest crypto credit card service and the largest insurance policy in the industry.

The last daily trading volume amounted to $1.13 billion, while the currencies offered were 137.

Gemini platform

This platform was founded in 2014 by billionaire twins Tyler and Cameron Winklevoss, and is based in New York City.

It is considered the first trading platform regulated and licensed by the state of New York.

Gemini is known as the most secure and unhackable platform, and its application allows users to keep their cryptocurrency for later use in the stores that offer this option.

The last daily trading volume amounted to $335 million, while the number of coins offered for sale was 68.