#Binance User Survey 1st#

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Hot Topic Overview

Overview

Binance shines in CryptoQuant's 2024 Cryptocurrency Survey Report, ranking first across several key metrics. The survey reveals that Binance is the most frequently used centralized exchange by 53% of respondents, 48% store most of their crypto assets on Binance, and 51% earned their largest gains through Binance. Binance holds a dominant position in regions such as the Middle East, South America, Africa, Asia, and Europe, being the preferred platform for 50% to 72% of respondents in these areas. Additionally, over half of the respondents believe Binance boasts the best cybersecurity measures, customer service, and C2C trading platform.

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Analysis

CryptoQuant's crypto user survey report shows that Binance ranks first in several key metrics, making it the most popular cryptocurrency exchange globally. 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% generated their largest gains through Binance. Binance boasts a user base ranging from 50% to 72% across regions such as the Middle East, South America, Africa, Asia, and Europe, showcasing its strong market influence. Furthermore, over half of the respondents believe Binance possesses the best network security measures, customer service, and C2C trading platform. Despite 83% of respondents valuing compliance in the crypto industry, only 32% believe Binance has the highest compliance standards, indicating potential for improvement in this area. Overall, Binance excels in user count, asset holdings, revenue sources, market share, security, and customer service, solidifying its position as the preferred trading platform for global crypto users.

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Binance leads the user share in multiple regions around the world, especially in the Middle East, South America, and Africa.

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Binance is the most frequently used centralized exchange by users, with more than half of respondents using Binance as their primary trading platform.

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Binance also dominates in terms of user asset storage, with nearly half of respondents storing most of their cryptocurrency assets on Binance.

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Binance has also earned recognition from users in areas such as network security, customer service, and C2C trading platforms, with over half of respondents believing Binance performs best in these areas.

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