#Coinbase reigns supreme in North America, while Binance takes the world by storm.#
Hot Topic Overview
Overview
Coinbase dominates the US market with a 45% market share, while Binance is more popular globally, especially in regions such as Asia, Africa, South America, the Middle East, and Europe. Africa holds a remarkable 72% market share for Binance, followed by South America at 68%. Europe and Asia both exceed 50% market share for Binance. This suggests that Coinbase enjoys a dominant position in the US market, while Binance boasts a wider user base across the globe.
Ace Hot Topic Analysis
Analysis
Coinbase and Binance dominate the cryptocurrency exchange market, but their market share distribution shows a significant geographical difference. Coinbase dominates the North American market with a market share of 45%, while Binance has a wider user base globally, especially in Asia, Africa, South America, the Middle East, and Europe. Data shows that Binance holds a 72% market share in Africa, 68% in South America, and over 50% in both Europe and Asia. This geographical difference can be attributed to regulatory environments, user preferences, and market development stages. Coinbase enjoys strong regulatory compliance in the US market, while Binance actively expands its business globally, attracting a large number of users through its low transaction fees and wide range of supported coins.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase
dominates
the
US
market
with
a
45%
market
share
,
Binance
has
a
wide
user
base
globally
,
especially
in
Asia
,
Africa
,
South
America
,
the
Middle
East
and
Europe
,
Binance
has
a
72%
market
share
in
Africa
,
68%
in
South
America
,
over
50%
in
Europe
and
Asia
,
Coinbase
performs
well
in
the
US
market
,
while
Binance
is
more
influential
globally