#Binance leads globally, Coinbase dominates North America.#
Hot Topic Overview
Overview
Currently, Binance dominates the global market, particularly in Asia, Africa, South America, the Middle East, and Europe, with Africa accounting for 72%, South America 68%, and Europe and Asia exceeding 50%. Coinbase, on the other hand, holds a dominant position in the North American market with a 45% market share. This indicates that although Coinbase leads in the US market, Binance has a wider user base globally.
Ace Hot Topic Analysis
Analysis
Binance dominates globally while Coinbase dominates North America. Ki Young Ju, CEO of CryptoQuant, pointed out on social media platform X that US users primarily use Coinbase, while users in other parts of the world tend to favor Binance. Data shows that Binance dominates the markets in Asia, Africa, South America, the Middle East, and Europe, with Africa accounting for 72%, South America for 68%, and Europe and Asia both exceeding 50%. In North America, Coinbase becomes the preferred choice with a 45% market share. This phenomenon might be related to user habits, regulatory policies, and platform features in different regions. Binance has a wider user base globally, while Coinbase boasts a stronger brand reputation and user trust in the North American market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance dominates globally, particularly in Asia, Africa, South America, the Middle East, and Europe.
Coinbase dominates the North American market with over 45% market share.
Coinbase is mainly used by US users, while Binance is mainly used by users in other parts of the world.
Trading platform preferences in different regions may be related to local regulatory environments, user habits, and market development stages.