Alternatives to Binance differ most on custody model and identity requirements.
Leaving a centralized exchange changes two things at once: who holds the keys, and what the venue asks for before it lets you trade. They move together, and the three arrangements below are the whole field.
This is the structural difference the rest of the page turns on: the keys belong to the company and your balance is a claim on it.
Some venues publish a wallet-connect rule: connecting a compatible wallet is the whole sign-up, and nothing about you is held.
Canborsa sits between the two: an email or a wallet signature instead of a seed phrase or a document check, with margin self-custodied and settlement on Canton. The trade-off is the instrument — a stock perp tracks the price, it does not make you a shareholder.
What custody actually changes
Binance charges 0.1% maker and 0.1% taker.
Binance offers up to 125x leverage.
Binance is not available to US residents.
Canborsa's fee is a flat 0.07% per side (0.14% round trip); Binance charges 0.1% taker.
Fees, leverage and sign-up for other exchanges.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
