#**Use Coinbase in the US, use Binance in the world**#
Hot Topic Overview
Overview
Currently, cryptocurrency exchange platform Coinbase dominates the US market, while Binance has a larger market share in other regions around the world, including Asia, Africa, South America, the Middle East, and Europe. Data shows that Binance has a market share of 72% in Africa, 68% in South America, and over 50% in both Europe and Asia. This indicates that Binance has a broader user base globally, while Coinbase is primarily focused on the US market.
Ace Hot Topic Analysis
Analysis
CryptoQuant CEO Ki Young Ju pointed out on social media platform X that the US primarily uses Coinbase for crypto trading, while other regions around the world tend to use Binance. Data shows that Binance dominates the markets in Asia, Africa, South America, the Middle East, and Europe, with a market share of 72% in Africa, 68% in South America, and over 50% in Europe and Asia. In North America, Coinbase is the preferred choice with a 45% market share. This geographical difference could be related to factors such as regulatory environments, user habits, and platform functionalities. Coinbase has stronger regulatory compliance in the US, while Binance offers a wider range of services and functionalities globally, attracting more international users.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase dominates the US market, while Binance is more popular in other parts of the world.
Binance has a higher market share in Asia, Africa, South America, the Middle East, and Europe.
Coinbase has a higher market share in North America.
Binance has a market share of 72% in Africa, 68% in South America, and over 50% in both Europe and Asia.