#Coinbase reigns supreme in the US, while Binance leads globally.#
Hot Topic Overview
Overview
Currently, Coinbase dominates the US market, while Binance leads globally. Data shows that Binance dominates the Asian, African, South American, Middle Eastern, and European markets, with Africa accounting for 72%, South America for 68%, and both Europe and Asia exceeding 50%. In North America, Coinbase is the preferred choice with a 45% market share. This geographic disparity could be attributed to factors such as regulatory environment, user habits, and market maturity.
Ace Hot Topic Analysis
Analysis
Coinbase dominates the US market, while Binance leads globally. Ki Young Ju, CEO of CryptoQuant, points out that Coinbase holds a 45% market share in the US, while Binance dominates in Asia, Africa, South America, the Middle East, and Europe. Africa's market share reaches 72%, South America boasts 68%, while Europe and Asia both exceed 50%. This geographical discrepancy could be attributed to regulatory environments, user habits, and market maturity stages. The US maintains stricter cryptocurrency regulations, granting Coinbase, a native US exchange, a compliance advantage, leading to its dominance in the US market. Conversely, Binance actively expands globally, attracting users worldwide with its diverse trading products and services.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase
dominates
the
US
market
with
a
market
share
of
around
45%
Binance
leads
globally
especially
in
Asia
Africa
South
America
the
Middle
East
and
Europe
Binance
has
a
market
share
of
up
to
72%
in
Africa
68%
in
South
America
and
over
50%
in
both
Europe
and
Asia
Coinbase
is
popular
in
the
US
market
while
Binance
is
more
popular
in
other
regions
around
the
world