#Coinbase leads in the US, Binance reigns supreme globally.#
Hot Topic Overview
Overview
Currently, Coinbase dominates the US market, while Binance reigns supreme globally. Ki Young Ju, CEO of CryptoQuant, pointed out that Coinbase holds a whopping 45% market share in the US, while Binance dominates regions like Asia, Africa, South America, the Middle East, and Europe. Notably, Binance boasts a staggering 72% market share in Africa, 68% in South America, and over 50% in Europe and Asia. This phenomenon suggests that Coinbase enjoys high user recognition in the US market, while Binance, with its global reach, has captured larger market share in other regions.
Ace Hot Topic Analysis
Analysis
Coinbase dominates the US market, while Binance reigns supreme globally. CryptoQuant CEO Ki Young Ju pointed out on social media platform X that US users primarily use Coinbase, while users in other parts of the world are more inclined to use Binance. Data shows that Binance dominates the Asian, African, South American, Middle Eastern and European markets, with Africa holding a market share of 72%, South America 68%, and Europe and Asia both exceeding 50%. In North America, Coinbase is the preferred choice with a 45% market share. This phenomenon could be related to the two exchanges' market strategies and user base positioning. Coinbase had an early start in the US market and gained regulatory approval, making it the top choice for American users. Binance, on the other hand, has adopted a more aggressive global expansion strategy, establishing operations in multiple regions and offering a wider range of cryptocurrency trading services, attracting users worldwide.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase
dominates
the
US
market
with
a
market
share
of
over
45%
Binance
dominates
globally
especially
in
Asia
Africa
South
America
the
Middle
East
and
Europe
Binance
has
a
market
share
of
72%
in
Africa
68%
in
South
America
and
over
50%
in
Europe
and
Asia
Coinbase
is
popular
in
the
US
market
while
Binance
is
more
popular
in
the
rest
of
the
world