- Business Insider reviewed crypto trading platforms KuCoin, Coinbase, Kraken, and Gate.io.
- It rated KuCoin 5/5 for its investment selection and granted it an overall 4.51 score.
Ahead of 2024, Business Insider, a well-known multinational financial and business news publication, reviewed crypto trading platforms KuCoin, Coinbase, and Kraken and rated KuCoin over its rival crypto exchanges.
Business Insider highlighted KuCoin’s extensive digital assets services, including staking opportunities, NFTs, futures, and trading bots. KuCoin received a 5/5 rating for its investment selection. Additionally, the publication also granted the exchange a rating of 4.4 for trading fees, operational ethics, and accessibility, culminating an overall score of 4.51.
Meanwhile, the report rated Kraken 3/5 in ethics, 5/5 in investment selection, and an overall rating of 4.35. Similarly, Coinbase was rated an overall rating of 4.35. Kraken and Coinbase were rated above KuCoin in the customer service category. Nonetheless, their overall ratings were less than that of KuCoin, which was 4.51.
Furthermore, Business Insider noted that alongside features such as crypto self-custody, AI bot trading, staking rewards, and crypto loans, KuCoin presents an affiliate program and content program that compensates users in commissions and Bitcoin.
It also noted that KuCoin’s spot trading fee schedule may appear complex, but users can benefit from a 20% discount using the KuCoin token (KCS) to pay for orders.
While KuCoin offers a selection of over 700 cryptocurrencies, Gate.io outshines it with well over 1,400. On the other hand, the report noted that KuCoin stood out with a broader array of NFT perks, including fractional NFTs, NFT launches, and other features. Moreover, data from CoinMarketCap shows KuCoin ranks above Gate.io, Bitstamp, and Bybit.
Throughout the review, a major disadvantage highlighted for KuCoin was its minimal institutional investor services. It is worth mentioning that KuCoin is a global exchange with over 30 million registered users and 24 communities.
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