#Coinbase and Binance are vying for market share.#

Coinbase and Binance are vying for dominance in the cryptocurrency exchange market, with a clear geographic disparity emerging. According to analysis by Ki Young Ju, CEO of CryptoQuant, Coinbase holds the dominant position in the North American market, with a market share of 45%, while Binance enjoys a larger market share in other regions around the world, including Asia, Africa, South America, the Middle East, and Europe. For example, Binance commands a market share of 72% in Africa, 68% in South America, and over 50% in both Europe and Asia. This geographical disparity is likely attributable to factors such as regulatory environments, user preferences, and market maturity. Coinbase has secured a significant market share in the United States, where the regulatory environment is relatively strict, while Binance has cultivated a broader user base in other regions, particularly in those with more lenient regulatory frameworks. Looking ahead, the market share of both Coinbase and Binance could shift as the cryptocurrency market evolves and regulatory landscapes change, leading to even more intense competition between the two exchanges.