Introduction

In the digital age, the cryptocurrency market has expanded rapidly, hitting valuations that surpass traditional financial markets. According to recent data from Statista, the global cryptocurrency market cap reached an astonishing $2.5 trillion in 2023, showcasing immense growth opportunities. However, navigating this landscape can be tricky, especially in regions like Vietnam where the market is both burgeoning and evolving.

With over 9 million cryptocurrency users in Vietnam as of early 2023, a significant growth rate of approximately 60% from 2022, understanding the difference between global and local exchanges is vital.

This article will comprehensively explore the comparison between global and local exchanges, particularly through the lens of HIBT – the leading exchange platform serving Vietnamese users. We will uncover what users should consider when trading in either environment, highlighting security standards (