#Coinbase vs Binance#

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Overview

Coinbase and Binance are two of the largest cryptocurrency exchanges globally, and they have significantly different market shares in various regions. According to Ki Young Ju, CEO of CryptoQuant, Coinbase dominates the US market, while Binance has a larger market share in other regions globally, including Asia, Africa, South America, the Middle East, and Europe. Data suggests Binance holds a whopping 72% market share in Africa, 68% in South America, and over 50% in both Europe and Asia. This disparity may be attributed to factors like regulatory environments, user preferences, and market maturity levels.

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Analysis

Coinbase and Binance are two of the world's leading cryptocurrency exchanges, but they have significantly different market share across different regions. Ki Young Ju, CEO of CryptoQuant, pointed out that Coinbase dominates the US market while Binance enjoys larger market share in other parts of the world including Asia, Africa, South America, the Middle East, and Europe. Data shows that Binance commands up to 72% market share in Africa, 68% in South America, and over 50% in both Europe and Asia. This disparity could be attributed to factors such as regulatory environment, user preferences, and the services offered by the exchanges. In the US, Coinbase is subject to strict regulation, while Binance enjoys greater freedom in other regions. Additionally, Binance offers a wider range of trading pairs and lower transaction fees, making it more attractive to global users. In conclusion, Coinbase and Binance occupy different positions in the global cryptocurrency market, with Coinbase focusing on the US market and Binance wielding greater influence worldwide.

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Classic Views

Coinbase dominates the North American market with a market share of around 45%

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Binance dominates other parts of the world, especially in Asia, Africa, South America, the Middle East, and Europe

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Binance has a market share of up to 72% in Africa, 68% in South America, and over 50% in both Europe and Asia

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Coinbase primarily serves US users, while Binance targets a global audience

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