A Solana ETF is a type of exchange-traded fund that offers a way for investors to gain exposure to the Solana ecosystem without directly owning SOL tokens.

The U.S. Securities and Exchange Commission (SEC) 

) on Jan 10, 2024 electrified the cryptocurrency community, 

. This landmark decision has opened the floodgates for speculation about the introduction of spot ETFs for other leading cryptocurrencies. Several issuers have already 

, a rising star in the blockchain arena, could also be a prime candidate for its own spot ETF. This article examines the feasibility of a Solana Spot ETF in the wake of Bitcoin’s ETF success. Explore the potential of a Solana Spot ETF while considering the lessons learned from Bitcoin’s ETF journey and the unique aspects of Solana’s blockchain technology that could influence its own spot ETF approval.

A Solana ETF is a type of exchange-traded fund that tracks the price of Solana's native cryptocurrency, SOL, offering a way for investors to gain exposure to the Solana ecosystem without directly owning SOL tokens.

A Solana ETF, if approved, would function as a regulated investment fund that follows the price of Solana’s native token, SOL, by directly holding these tokens in its underlying basket. The ETF would be traded on stock exchanges, so investors could buy and sell shares of the fund, just as they would with stocks. The value of the ETF shares would fluctuate with the market price of SOL tokens, providing investors with exposure to Solana’s performance without the need to directly purchase or store the cryptocurrency.

The mechanics of a Solana ETF would involve several key components:

The establishment of a Solana ETF would depend upon regulatory approval. This requires the ETF issuer to demonstrate that the fund meets all legal and regulatory standards, including those related to investor protection and market integrity. The SEC’s stance on cryptocurrency ETFs has been cautious, but the recent approval of Bitcoin Spot ETFs has set a precedent that could pave the way for other cryptocurrencies such as Solana.

The current landscape of Solana ETFs is filled with anticipation and a few options for those eager to get in. While there aren't any official Solana ETFs approved yet in the U.S., there's a lot of talk about the possibility. People are particularly hopeful following the SEC's approval of Bitcoin Spot ETFs, whose funds directly hold BTC.

Although the exact timeline for approval remains uncertain, experts believe that Solana could hit the crypto spot ETF market in 2024. They're keeping a close eye on the SEC's decision regarding potential Ethereum Spot ETFs, 

, which could set a precedent for Solana ETFs.

In the meantime, investors looking to get a piece of the Solana action can turn to products such as 

 (VSOL), which are available in certain regions. In Canada, 

 is getting ready to launch a Solana Spot ETF, which could be the first of its kind in North America.

The excitement around Solana ETFs comes from the blockchain's increasing adoption, its technological advancements and its attractiveness as an investment. Nevertheless, getting ETF approval is anything but straightforward, as the market needs clear structures to support them and there are numerous regulatory hoops to jump through.

Still, with the growing interest in crypto ETFs, there's a reasonable chance of Solana ETFs becoming a reality soon. When they do, they'll offer investors a new way to tap into Solana’s exciting blockchain platform.

Chances of Solana ETF Applications Being Approved

As mentioned above, approval for Solana ETFs depends upon a few key factors, including the regulatory landscape. Right now, it seems like getting the green light for a Solana ETF in the U.S. might be a long shot. Tellingly, no company has yet applied for one to the SEC.

Instead, all eyes are on Ethereum. Several companies, including big names like Franklin Templeton and 

s. The SEC is expected to decide on these applications this year, a decision that could hold sway over the fate of Solana ETFs.

However, there's a twist: The SEC sees Bitcoin differently because of its 

 (PoW) consensus mechanism, whereas Ethereum and Solana are both 

 blockchains, making approval trickier. The SEC is still investigating whether Ether (ETH) is a security, which would open up additional compliance requirements for the asset.

 because it aims to play a similar role in the blockchain world. It boasts compelling features, such as fast transactions and low fees. Therefore, if Ethereum gets the thumbs-up, it may bode well for Solana, too. The anticipation is that if a Solana ETF gets the go-ahead, it could see a wave of inflows, much as Bitcoin did.

What Will It Mean If a Solana ETF Application Is Approved?

If a Solana ETF application were approved, it would mark a significant moment for the crypto world, especially for Solana itself. 

Investors would gain the ability to effectively buy Solana's token, SOL, through a regulated investment product traded on stock exchanges. This could bring more liquidity into Solana, make its token easier to access and provide some regulatory clarity — all of which could attract larger institutional investors.

Looking at the impact of Bitcoin ETFs on the crypto market, we could see a similar rush of mainstream adoption if a Solana ETF were to be approved. Being able to invest in Solana from a typical retail or institutional brokerage account would open the door for larger inflows.

However, since the SEC is still trying to determine whether Ether is a security, it will almost certainly have ruled on this issue before approving a Solana ETF. 

The SEC's January 2024 approval of Bitcoin Spot ETFs has sparked excitement over the potential for a Solana ETF, a possibility that could make investing in the SOL token more accessible for everyone. Although no applications are in the U.S. pipeline yet, the anticipation in the industry is undeniable. Approval would mark a major milestone, with an impact potentially similar to that of Bitcoin's Spot ETF approvals — and the promise of bringing more institutional players into the cryptocurrency market.

Intermediate

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Solana ETF: The Next Contender After BTC and ETH Spot ETFs

Tensor (TNSR) is revolutionizing Solana's NFT trading infrastructure with innovative features and a community-focused model, becoming the second-largest NFT marketplace on Solana.

Tensor, an NFT marketplace built on Solana (

), created quite a buzz after the Tensor Foundation announced that rewards worth over $200 million for its season one, two and three airdrops were available for claim.

, TNSR, which generated over $640 million in trading volume within seven hours or so of its launch.

Such success is synonymous with the incredible performance of various projects within the Solana ecosystem, especially 

 that have raked in millions of dollars in trading volume upon launch.

So, what’s the hype around Tensor, and what does it bring to the crypto space?

Tensor is an on-chain marketplace built on Solana whose traders and creators can buy, sell and trade 

Tensor is the second largest Solana NFT marketplace after 

NFT enthusiasts can easily and conveniently 

 and manage their assets with Tensor’s innovative platform. Tensor has adopted a similar rewards model as 

), whereby users receive tokens distributed through 

Launched in July 2022, Tensor was created to offer traders deep liquidity and swift transactions for NFT trading, along with the opportunity to earn rewards.

The project carried out its first season of airdrops in September 2022, followed by a second season in March 2023, attracting a considerable number of participants. During the second season, activity on the platform briefly surpassed that of Magic Eden, as users increased activity while targeting the rewards.

NFT creators can also use the platform to add or remove NFT mints, and even to change the descriptions of the NFTs they’ve created. The platform also has a launchpad for Solana NFTs, such as pNFTs and compressed NFTs.

Tensor supports its creators through enforced royalties, whereby the buyer (taker) pays the royalties, a marketplace fee and the listed price. However, a collection can include optional royalties so the buyer can choose the rate of royalty they wish to pay.

 NFT collection, which consists of 10,000 NFTs that target Tensor’s die-hard community. By becoming a Tensorian NFT holder, you unlock various benefits, such as 

, becoming part of the Tensor community, and receiving rewards and exclusive merchandise. 

Following are the key features that are part of building the NFT infrastructure on Tensor.

Tensor AMM (also known as TensorSwap) is Tensor’s automated NFT marketplace, where trading NFTs is automated and has advanced order types. Think of it as an automated market maker (

), like those used in DeFi, but for NFTs instead of fungible tokens.

Unlike traditional NFT marketplaces, such as Magic Eden or 

, TensorSwap allows you to get paid. You can configure your maker fees and earn rewards for activities on the platform, especially setting orders. Best of all, you get to keep all the fees from your completed market orders. Additionally, TensorSwap helps to auto-manage your NFT portfolio by making sure you buy low and sell high in order to counteract emotionally charged trading.

Tensor Price Lock is an innovative feature that lets you 

 NFT prices by locking them in for seven days. When using this feature, you can be a taker (the one who buys a price lock) or a maker (the one who funds the price lock). Introduced on Jan 22, 2024, this feature allows those who fund price locks (in a similar way as liquidity providers in DeFi) to earn Tensor rewards from their NFTs.

Shared escrow is an innovative feature on Tensor that provides you with a capital-efficient way to bid for NFTs. You can place multiple bids, such as collection bids and trait bids, using the same pool of SOL tokens.

In order for the bid to remain fillable, you need to ensure that it’s less than or equal to the balance available on your shared escrow account. You can also activate purchase caps to set limits to the number of NFTs a particular order buys, protecting your shared escrow balance from being depleted.

YOLO Buy is a feature that lets you bid on your favorite NFT by placing a nonrefundable fee, which is a percentage of the listed fee. By placing more bids, you stand a better chance of winning the NFT, with up to 75% odds. The winner is determined through a free spin, whereby even those who lose the bid receive Tensor rewards. When an NFT is purchased through YOLO Buy, the maker (person who listed the NFT) receives 1.5% more from the purchase.

TNSR is Tensor's governance token, used to empower the community that manages key protocols on the platform. By holding TNSR, you can vote on various proposals, including those in the Tensor DAO that governs the proposal process. As a TNSR token holder, you also receive discounts on the platform, such as fees reduced by 25% if you list an NFT using TNSR.

TNSR has a total supply of 1 billion tokens. As with BLUR’s tokenomics, most of its total supply has been reserved for the community to power the airdrops program. The TNSR token allocation is as shown below:

You can buy Tensor on Bybit through its Spot trading platform as a 

 Spot trading pair, or on Bybit’s Derivatives platform as a USDT Perpetual contract (

 was $0.86, a 61.3% drop from its ATH of $2.23 on Apr 8, 2024, and an 15.8% increase from its ATL of $0.74 on May 1, 2024.

Price prediction experts are quite bullish on the future for TNSR. According to CoinCodex, TNSR’s price 

, though it sees a slight reduction to a high of $3.51 in 2030. Price experts on DigitalCoinPrice 

 on TNSR, believing the token will hit $$2.17 in 2025 and increase to $6.34 by 2030.

While these price predictions appear bullish, they aren’t a guarantee of TNSR’s future price. We highly recommend you 

 before investing in Tensor or any other altcoins.

Tensor has quickly become the second-largest NFT marketplace on Solana through its innovative approach of using blockchain technology to trade NFTs, and its community-focused model of rewarding members through airdrops.

Its innovative features, such as Price Locks and the TensorSwap AMM, could be game changers for the way NFTs are traded. As more liquidity continues to flow back into Solana, Tensor will be among the top projects to watch.

TNSR.png

Tensor (TNSR): Revolutionizing Solana's NFT Trading Infrastructure

Mysten Labs, the creator of the Layer 1 Sui protocol, celebrated its mainnet's first anniversary with significant growth and notable partnerships with major tech companies like Google and TikTok's parent company, ByteDance.

Daily Top Performer — Near Protocol (NEAR)

Last week, the SPX index is up 0.55%, and the jobs report for April indicated a slowdown in hiring, which fell short of expectations and was lower compared to March. Additionally, Berkshire Hathaway reported a significant reduction in its Apple holdings at its annual shareholder meeting. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 0.35% and 0.26%, respectively in the past 24 hours.

Today’s outperformer is NEAR, which jumped 8.0% after 

 enhances ecosystem scalability with NEAR Protocol Data Availability integration.

Near Protocol (NEAR), launched on April 2020, is a decentralized platform using sharding for efficient app development and operation. Prom has announced the integration of the NEAR Protocol Data Availability (DA) solution into its ecosystem. This strategic move aims to enhance scalability for rollup developers by offering low-cost, reliable, and high-performance data availability. The integration allows for greater flexibility in addressing blockchain architectural constraints and promises more updates in the future.

Check Out the Latest Prices, Charts, and Data of 

Mysten Labs, the creator of the Layer 1 Sui protocol, celebrated its mainnet's first anniversary with significant growth and notable partnerships with major tech companies like Google and TikTok's parent company, ByteDance. The CEO of Mysten Labs, Evan Cheng, expressed optimism about the future of blockchain technology, predicting a transformative "

" for web3. The company announced new ecosystem partnerships focused on enhancing security and scalability with Alibaba Cloud and Google Cloud, and developing web3 gaming and other digital initiatives with BytePlus. Despite facing stiff competition from other blockchains and having fluctuated in the rankings of total value locked (TVL), Sui remains a strong contender in the blockchain space, boasting robust transaction volumes.

Prices dropped from around $64,000 to below $57,000, with significant ETF outflows peaking at $563.7 million on May 1. Concurrently, Grayscale’s GBTC saw major outflows, while some ETFs like Ark Invest’s ARKB experienced inflows. 

 for its upcoming ZRO token airdrop, an essential milestone in the protocol's development aimed at fostering cross-chain interoperability. The airdrop, set to occur in the first half of 2024, has sparked significant anticipation within the DeFi community, evidenced by trading activity on Hyperliquid DEX, where ZRO's perpetual futures are priced at $8.4, indicating a $17 billion valuation. However, concerns persist about the potential adverse effects of Sybil users, who may exploit the airdrop for short-term gains, as seen in other recent airdrops, which could impact ZRO's price stability post-launch.

Beginner

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Mysten Labs Celebrates Sui Protocol's First Anniversary with Major Partnerships and Optimistic Outlook for Web3

Slash (SVL) is a decentralized platform revolutionizing crypto payments with solutions like Slash Payment and Slash Card for seamless transactions across different cryptocurrencies and fiat assets. 

One of the biggest crypto payment issues is the need to swap assets, sometimes more than once, to pay for a purchase. This is because there's often a mismatch between the tokens merchants are willing to accept and the assets held by a potential customer/payer. What’s more, the fees from these swaps can add up quickly on both sides of the purchase equation. 

, was supposed to solve these problems. However, these coins only partially addressed the issue, as different merchants still have various stablecoin preferences. In addition, cryptocurrency in general still struggles to move beyond the realms of 

). The quest to make crypto as common as fiat money for payments is still ongoing. 

Slash fintech (SVL), or simply Slash, is a decentralized project working to solve both issues. Slash aims to facilitate effortless, streamlined crypto payments both within and outside the DeFi domain, facilitating transactions in cryptocurrencies preferred by merchants and payers.

) that provides merchants with an easy-to-use, streamlined and secure way of accepting crypto payments.

 The platform's flagship products include Slash Payment, a crypto payment solution that lets users pay in their preferred cryptocurrency while enabling merchants to accept the payment in the asset of their choice, and Slash Card, an internationally recognized credit card utilizing established stablecoins as collateral.

Founded in 2021 by Japanese entrepreneur Shinsuke Sato, the Slash platform's operations were launched in mid-2022 on 

 platform. Thanks to its utilization of Mantle, Slash can offer users negligible transaction fees and near-instant finality. In late April 2024, Slash launched its native token — Slash Vision Labs (SVL).

In order to enable efficient crypto payments, Slash sources data from various DeFi protocols and pools to offer users the best swap rates and lowest transaction fees. All revenues collected by Slash go back to the stakers of the platform's SVL token.

The project's ecosystem includes several crypto payment and non-fungible token (

) products. Among these, two payment solutions — Slash Payment and Slash Card — stand out as its main products.

Slash Payment is the platform's primary crypto payment solution. It allows payers to use a crypto token of their choice to make payments, while in turn letting merchants accept the payment in their preferred cryptos. During transaction execution, Slash Payment checks in real time for the best swap rates and fees across numerous DeFi platforms to facilitate the payment. Consequently, payers can enjoy the lowest possible fees at all times.

At the same time, merchants pay no fees for accepting payments. Payment settlement is noncustodial and nearly instant. Another advantage of Slash Payment is the absence of 

 (KYC) requirements, which adds a significant degree of privacy and flexibility for transacting parties.

At the moment, Slash Payment supports nine blockchain networks, including major 

Slash Card is a service offered by the Slash platform that allows you to use two 

 — USDT and USDC — as collateral to acquire an internationally recognized credit card for online payments. By offering the card, Slash bridges the gap between cryptocurrencies and fiat assets.

It's a known fact that using your crypto assets with products such as credit cards isn't a widely offered option online, especially in the stringent regulatory landscape of Japan. Yet Slash Card stands out as a rare crypto-powered credit card product approved by the Japanese authorities for use in the nation's market and payment systems.

The project's ecosystem also includes the Slash Vaults platform, which enables 

 such as SVL around NFTs based on the ERC-721 standard. By wrapping the tokens around an NFT and turning the NFT into a key, users create their own crypto vaults, enabling the deposit, withdrawal, timelock and investment of the tokens. Tokens deposited into the vaults can be used for payments with the platform's Slash Vaults Pay solution.

Alice NFT is a cyberpunk-themed NFT collection released by the Slash project. The collection consists of 10,000 NFTs, each depicting a cyberpunk-styled individual. The collection has 20 different cyberpunk characters, with the main character named Alice, hence the collection name.

The collection is based on the Ethereum blockchain. In early April 2024, Slash announced the 

 that facilitates the transfer of Alice NFTs (see link in this sentence) from Ethereum to Mantle.

Slash Vision Labs (SVL) is the platform's native cryptocurrency. It's an 

 token based on Mantle Network, and its main functions include 

. The governance function is enhanced by timelocking more SVL (and for a longer period) in the Slash Vaults platform. Timelocking SVL also provides rewards in the form of wrapped BTC (

The SVL token is also used to facilitate the revenue-sharing arrangement on Slash. SVL stakers are entitled to 100% of the protocol revenues generated from the Slash Payment and Slash Card products. The protocol uses the revenues to buy Mantle Network's native MNT token off the market. These funds are then distributed to holders of SVL TimeLock NFTs, which are 

 non-fungible assets issued to SVL stakers.

 asset, with a total and maximum supply of 10 billion. Token supply allocation shares are per the chart below.

When you stake your SVL tokens on Slash, you’re issued a soulbound SVL TimeLock NFT. Soulbound tokens (SBTs) are nontransferable assets tied to a particular wallet, and typically serve as a form of decentralized identity. SVL TimeLock NFTs are used as confirmation of your staking and entitle you to other benefits, such as participation in on-platform governance processes. Upon un-staking your SVL funds, the NFTs are 

In addition to SVL TimeLock NFTs, the staking process on Slash involves another type of NFT — KeyNFT. Only certain whitelisted NFT collections on Mantle can act as KeyNFTs. These NFTs grant you the right to access the SVL staking process. Thus, they act as a form of cryptographic key for staking. In contrast, an SVL TimeLock NFT is issued upon staking and serves as a "confirmation certificate" for your staked funds. 

The abovementioned Alice is one of the whitelisted NFT collections that can be used to access SVL staking. Another collection whitelisted for KeyNFTs is VeryLongSlash NFT, an SBT whose 

Among the collections that can be used as KeyNFTs is 

. This special collection was distributed by the project via an airdrop in late April 2024 to celebrate the launch of Slash Vision Portal version 0.75. As part of the campaign, SVL stakers earned Genesis NFTs and were eligible for a share of the 50,000 MNT prize pool. These NFTs also entitle their holders, as early adopters, to additional on-platform benefits in the future.

The SVL token is available through Bybit's 

 portal, a platform for decentralized, efficient and low-cost crypto asset swaps. It supports tokens from various blockchain platforms and offers other benefits, such as no KYC requirements, one-step swaps, support for new tokens unavailable on most other platforms and fully on-chain transactions.

In addition to Web 3 Swap, the SVL token is also available on Bybit's Spot market (

). Bybit's Spot and Derivatives markets provide you with opportunities to trade hundreds of cryptocurrencies and crypto-based products. If you don't have a Bybit account, you can easily 

 to access our extensive range of crypto products and assets.

Navigating numerous exchanges and liquidity protocols to find the best swap rates is a challenging and time-consuming activity for crypto users. Slash’s unique platform greatly simplifies this process. In fact, with Slash Payment, there's no need to bother with swap operations at all — it's all automated to deliver you the best rates for a given transaction. Additionally, Slash Card is a unique product and valuable tool for anyone who would like to put their cryptocurrency funds to use outside of the 

With these innovative products, Slash is bound to gain notice among the broader crypto user and merchant communities. As crypto payments become more actively used, we'll undoubtedly be hearing more about Slash fintech and its unique products.

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Slash (SVL): Making Crypto Payments Effortless

Bybit Learn

Trading

Bybit Institutional Services

Bybit Guide

Crypto brokers are firms or individuals who serve as financial intermediaries for people who are looking to exchange money for cryptocurrencies. Learn more.

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Whether you’re about to buy your first cryptocurrency or have been investing in different currencies for years, crypto trading is a complex process that involves many moving parts. Investors use numerous trading techniques, making identifying the most effective techniques difficult. If you're interested in cryptocurrency trading, two clear options are available to you: a crypto exchange and a crypto broker.

Purchasing or selling various digital currencies is referred to as crypto trading. The purpose of trading is to make a profit based on the ever-changing values of the underlying asset. This form of trading differs from making a cryptocurrency investment, whereby you invest in a specific currency, and can profit only if the buy price is lower than the sell price.

A key aspect of crypto trading is speculating on price movements without owning the actual asset. Traders enter into a contract with a crypto broker, which involves fluctuating currency values between the opening and closing of the trade.

The Importance of Choosing the Right Crypto Broker

When you trade crypto, you deposit funds into a crypto broker platform before buying and selling a cryptocurrency. Since your assets will flow through your platform of choice, it's essential that you select one that offers ample security. When selecting a crypto broker, verify their credentials to ensure they're secure.

The broker you select should have a modern security system while complying with national regulatory measures. It's important that you're able to access the platform 24/7 on your desktop computer or a mobile app from your smartphone. Bybit Broker Program offers all the security features you need.

There are several criteria to use when evaluating different crypto brokers. For one, it's important that your broker uses the latest trading data, and doesn't do anything to manipulate prices. Search for online reviews to determine if the broker you're interested in has a strong reputation.

In addition, assess the features that each broker’s platform offers. Some provide bonuses that can help you grow your crypto portfolio at a faster rate. Others accommodate most fiat currencies. Identify the features that matter most to you before conducting your search.

There are dozens of crypto brokers you can utilize for cryptocurrency trading. However, the following 10 brokers are the best options for secure trading in 2023.

 is a feature-rich crypto trading program that provides investors with numerous helpful and convenient tools. When you enter this program, you'll receive a full rebate on Spot Fees for 90 days. Bybit Broker offers three distinct types of broker tools for you to consider: API broker, exchange broker and OTC broker. The API broker tool is ideal for trading platforms, trading bots and asset management.

With Bybit's powerful rebate system, you'll receive competitive rebates based on trading volume. You'll also benefit from dedicated technical support, a simple onboarding process and 24/7 multilingual support. This platform is highly secure and will keep your assets safe.

 is a unique crypto trading broker that gives you the ability to start trading in the manner that's most comfortable for you. When you first enter the site, you'll be asked if you wish to trade cryptocurrencies and automate your entire portfolio, or copy a strategy that a crypto professional uses.

If you decide to use a professional strategy, the ICONOMI site provides you with comprehensive details about each strategy and how it could benefit your portfolio. Once you create an account, you simply send funds to your account to begin trading. You can use this platform as you would a broker because every aspect of trading can be set up on their website. However, it offers more features than many traditional brokerages.

If you develop your own crypto investing strategy, ICONOMI gives you the ability to share this strategy with other users on the platform. In addition, you can receive some referral bonuses when you bring other users to the site. If you work as a financial advisor or planner, you can create a business account with ICONOMI as well.

Creating an account with ICONOMI is free, meaning you can become acclimated to the platform without spending too much of your own money. The availability of extras and bonuses makes it easier for you to build your portfolio. Including copy trading ensures that you can use proven trading strategies without developing your own. However, the main downside to using this broker is that its best features are primarily meant to be used by companies and financial managers instead of individual investors.

 is a highly reputable broker with a focus on European derivatives. It specializes in 

 (contracts for difference). You'll have everything you need to enter these contracts without taking on too much risk.

Before you create an account with Plus500, keep in mind that it isn’t available in the U.S. However, it can be found in most other countries around the world. Plus500 doesn't take any commissions from trades that are made on their platform. Their cut is taken only from the profits that accrue with the spreads you pay.

While Plus500 is a highly popular broker, it's not the best platform for beginners. It doesn’t provide new investors with much information, making the onboarding process more challenging than you may be prepared for. The main benefits of using Plus500 for your crypto trading needs include a fantastic mobile app, the ability to substantially diversify your portfolio, an unlimited 

 and extensive features for advanced traders.

 is currently among the most popular brokers globally. Over the years, they’ve served over 100 million users. This platform has gained popularity because of its potent security and compliance with regulators. With Coinbase, you can use efficient trading tools for over 200 separate cryptocurrencies.

You'll also discover ways to gain free crypto using the Coinbase platform. Once you create an account, you'll have the opportunity to spin a reward wheel, which gives you a prize of up to $200 in USD or Bitcoin. Another program you might benefit from is 

, which makes it easy for investors to earn small amounts of crypto by reading about different tokens and taking short quizzes. You can earn around $20–$30 in crypto with this tool. Crypto staking is also provided for users who wish to earn passive income.

The primary advantages of Coinbase are brand-name recognition, the ability to earn numerous rewards and the option to trade hundreds of cryptocurrencies. 

® provides many advantages over the competition. For example, most exchanges charge a spread on any buy or sell orders you make, meaning you're paying more to purchase crypto. Interactive Brokers doesn't charge custody fees, spreads or markups. Their commissions amount to 0.12–0.18% of the total trade value. They currently offer Litecoin, Bitcoin, Ethereum, Bitcoin Cash and other tokens that the Paxos Trust Company provides.

There are many reasons to join Interactive Brokers, including extensive functionality and a lack of markups or spreads. Note that even though they have a strong partnership with the Paxos Trust Company, they support only a small number of digital assets.

 is a renowned broker that provides users with more than 250 digital assets to select from. In fact, they offer more variety than most brokers in this guide. Uphold also supports trading in precious metals and stocks.

Users who enjoy staking their crypto assets will benefit from Uphold’s fantastic interest rates and numerous passive income opportunities. Its platform offers more features and functionality than many others. However, no broker is perfect for everyone. Despite the advantages of using Uphold for your trading needs, it's not the best platform, as the user experience is more suitable for afvanced traders.

 is a relatively modern trading platform known for supporting many of the more difficult-to-find tokens. For example, you can trade Dogecoin, Gnosis and Kava on the Kraken platform. You'll also benefit from more than 50 tokens to trade.

In addition to personal portfolios, investors who create business accounts with Kraken gain access to 24/7 customer support. Corporate clients can take advantage of features like Kraken Account Management and Kraken Trade Desk, which simplify the trading process for corporate financial managers and futures traders.

There are many reasons to consider using Kraken, especially as they offer a wide range of more unique coins that allow you to remain on just one platform, regardless of the types of currencies you enjoy investing in. They also go above and beyond to provide institutional traders with all the tools needed to perform successful trades. The main downside to using Kraken is its novelty. It doesn't have all the support, tools and insights that can be found with other brokers, which makes it challenging for beginners to become acclimated to the platform.

 is an all-in-one crypto broker that supports stocks, Dogecoin, Ethereum, Bitcoin and a wide selection of altcoins. When you sign up with this platform, you'll be able to trade crypto in an instant, which makes it easier for you to avoid heavy losses in the volatile crypto market.

The primary advantages of using Webull for your trading needs include low fees and the ability to hold your assets on the platform. However, the website isn't easy to use, which may be a deterrent when there are other brokers out there.

). It’s part of the Ethereum blockchain and offers custom bots for trading. This particular platform works like a traditional broker by using a "linked orders" feature to match 

. With the functionality that Carbon DeFi provides, you can set up automated trading strategies that allow you to gain higher profits by considering market movements and current pricing. These trades are implemented quickly to ensure losses are kept to a minimum.

Carbon DeFi’s platform makes it easier for crypto traders to buy low and sell high. You'll notice that you aren't charged any fees when making trades. The broker also supports numerous 

 tokens, which include everything from ETH and USDC to LINK and MATIC.

Keep in mind that you have full customization control over your bots, which makes it possible to efficiently adopt or discard trading trends. The platform is ideal for people who have an in-depth knowledge of decentralized finance (

). The main advantages of using Carbon DeFi:

The main issue with Carbon DeFi is that it's not a traditional broker, so you may need comprehensive knowledge of the platform to make the most of its features.

Recap: Choosing the Best Crypto Broker for Your Needs

Choosing the best crypto broker for your portfolio requires comprehensive research and in-depth knowledge of each platform's features. While all the brokers in this guide have their own unique advantages and disadvantages, the best platform on the market is Bybit Broker, which offers low fees, ample features and potential rebates.

When you select a crypto broker, it's essential that you take security and cost into account. If your chosen broker doesn't keep your information and assets secure, it's not worth using.

Crypto trading is a form of investing that allows you to increase the value of your portfolio without needing to add coins to it. The right crypto brokers can guide you through this process and give you the tools you need to succeed. Before you select a platform, weigh the pros and cons of each to determine which broker meets your needs.

9 Best Crypto Brokers to Know in 2023

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