#Coinbase leads in the U.S., while Binance reigns supreme globally.#

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Hot Topic Details

Hot Topic Overview

Overview

Currently, Coinbase holds the lead in the US market, while Binance dominates globally. Data reveals that Binance holds a dominant position in Asia, Africa, South America, the Middle East, and Europe, particularly with a 72% market share in Africa, 68% in South America, and over 50% in both Europe and Asia. In North America, Coinbase reigns supreme with a 45% market share. This indicates that Coinbase boasts a substantial user base in the US market, while Binance enjoys a broader user base worldwide.

Ace Hot Topic Analysis

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Analysis

Coinbase dominates the US market, while Binance has a greater global reach. According to Ki Young Ju, CEO of CryptoQuant, Coinbase holds a 45% market share in the US, making it the preferred trading platform for North American users. On the other hand, Binance dominates markets in Asia, Africa, South America, the Middle East, and Europe, with a 72% market share in Africa, 68% in South America, and over 50% in both Europe and Asia. This geographic disparity is likely due to factors such as regulatory environment, user habits, and market maturity. Coinbase enjoys a more established regulatory framework in the US, while Binance has a broader user base and lower trading fees globally.

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Discussion Word Cloud

Classic Views

Coinbase

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dominates

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the

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US

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market

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with

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a

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market

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share

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over

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45%

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Binance

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dominates

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globally

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especially

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in

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Asia

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Africa

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Binance

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has

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72%

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Africa

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68%

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and

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over

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50%

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in

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Europe

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and

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Asia

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Coinbase

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leads

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in

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the

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US

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market

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while

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Binance

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reigns

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supreme

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in

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global

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market

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