### Binance User Survey Results Are In#

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Overview

Binance performed exceptionally well in a recent CryptoQuant survey of crypto users, topping the rankings in several key metrics. The report revealed that Binance is the most used centralized exchange among 53% of respondents, with 48% storing the majority of their crypto assets on the platform, and 51% generating their largest profits through Binance. Binance dominates regions like the Middle East, South America, Africa, Asia, and Europe, emerging as the preferred platform for 50% to 72% of respondents. Additionally, over half of the respondents believe Binance has the best cybersecurity measures, customer service, and C2C trading platform.

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Analysis

A crypto user survey report released by CryptoQuant shows that Binance performs best on several key metrics, ranking first in multiple categories. The report reveals that 53% of respondents most frequently use Binance as their centralized exchange, 48% store the majority of their crypto assets on Binance, and 51% achieved their largest gains through Binance. Binance dominates multiple regions, including the Middle East, South America, Africa, Asia, and Europe, being the platform of choice for 50% to 72% of respondents in these areas. Over half of the respondents believe Binance boasts the best network security measures, customer service, and C2C trading platform. Furthermore, 83% of respondents participating in the survey value regulatory compliance in the crypto industry, while 32% consider Binance to have the highest compliance standards, exceeding the second-ranked CEX by 18%. These findings suggest that Binance possesses a robust user base and brand influence amongst cryptocurrency exchanges and is perceived as a secure, reliable, and compliant platform.

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Classic Views

Binance performs best on multiple key metrics, including user adoption, asset custody, revenue sources, etc.

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Binance is dominant in multiple regions, including the Middle East, South America, Africa, Asia, and Europe.

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Binance enjoys high user recognition for network security, customer service, and C2C trading platforms.

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Binance is also recognized by users for its compliance, even though it ranks second, 32% of respondents believe Binance has the highest compliance standards.

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