#Coinbase leads in the U.S., while 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 45% market share in the US, while Binance dominates regions like 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 both Europe and Asia. This phenomenon suggests that Coinbase enjoys a strong user base in the US, while Binance, with its global strategy and extensive market coverage, has garnered a larger user base worldwide.
Ace Hot Topic Analysis
Analysis
Coinbase dominates the US market while Binance reigns supreme globally. CryptoQuant CEO Ki Young Ju pointed out on X that American users primarily use Coinbase, while users in other parts of the world tend to favor Binance. Data shows that Binance dominates in Asia, Africa, South America, the Middle East, and Europe, with a market share of up to 72% in Africa, 68% in South America, and over 50% in both Europe and Asia. In North America, Coinbase is the top choice with a 45% market share. This phenomenon may be related to the two exchanges' market strategies and user base targeting. Coinbase launched earlier in the US market and actively expanded its local user base, while Binance, with its global operating model and lower fees, attracted users from all over the world.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase
dominates
the
US
market
with
a
45%
market
share
Binance
dominates
globally
especially
in
Asia
Africa
South
America
Middle
East
and
Europe
markets
Binance
has
a
72%
market
share
in
Africa
a
68%
market
share
in
South
America
Binance
has
over
50%
market
share
in
both
Europe
and
Asia