### Binance User Survey Report Released#

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Overview

CryptoQuant's crypto user survey report shows that Binance excels in several key metrics, making it the preferred exchange for many users. The report reveals that 53% of respondents use Binance most frequently, 48% store the majority of their crypto assets on Binance, and 51% have achieved their biggest gains through Binance. Binance dominates in regions such as the Middle East, South America, Africa, Asia, and Europe, with user shares ranging from 50% to 72%. Moreover, over half of the respondents believe Binance has the best network security measures, customer service, and C2C trading platform.

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Analysis

CryptoQuant's recent survey on crypto users revealed that Binance excels in several key metrics, ranking first across various categories. 53% of respondents reported Binance as their most frequently used centralized exchange (CEX), while 48% store the majority of their crypto assets on Binance. 51% of respondents also cited Binance as the platform where they achieved their greatest returns. In terms of global regional market share, Binance dominates in the Middle East, South America, and Africa, boasting user bases of 52% to 72%. It also exhibits strong influence in competitive markets like Asia and Europe with adoption rates of 50% and 51%, respectively. Furthermore, over half of the respondents believe Binance offers the best network security measures, customer service, and C2C trading platform. Out of the participants, 83% emphasized the importance of compliance in the crypto industry, with 32% deeming Binance to possess the highest compliance standards – a lead of 18% over the second-ranked CEX.

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Binance performs best in multiple key metrics, including user adoption, asset storage, revenue generation, etc.

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Binance is dominant in multiple regions globally, especially in the Middle East, South America, and Africa

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Binance enjoys a good user reputation in network security, customer service, and C2C trading platform

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Binance is also recognized by users for its compliance

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