#Binance leads globally, Coinbase dominates the US.#
Hot Topic Overview
Overview
Currently, Binance dominates globally, especially in regions like Asia, Africa, South America, the Middle East, and Europe, with a market share exceeding 50%. Notably, Binance holds a 72% market share in Africa and 68% in South America. Conversely, Coinbase dominates the US market with a 45% market share. This phenomenon indicates that Binance possesses a broader user base worldwide, while Coinbase enjoys greater user recognition within the United States.
Ace Hot Topic Analysis
Analysis
Binance dominates globally, while Coinbase reigns supreme in the US market. Ki Young Ju, CEO of CryptoQuant, points out that American users primarily utilize Coinbase, while users in other parts of the world tend to favor Binance. Data reveals that Binance holds a dominant presence in Asian, African, South American, Middle Eastern, and European markets, with Africa claiming a remarkable 72% share, South America reaching 68%, and both Europe and Asia exceeding 50%. In North America, Coinbase emerges as the top choice, securing a 45% market share. This phenomenon could be attributed to factors such as regional user preferences for trading platforms, regulatory policies, and market maturity.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance dominates globally, especially in Asia, Africa, South America, the Middle East and Europe.
Coinbase dominates the US market with over 45% market share.
Binance boasts a 72% market share in Africa, 68% in South America, and over 50% in both Europe and Asia.
Coinbase is popular in the US, while Binance is more popular elsewhere in the world.