#Use Coinbase in America, use Binance in the world.#
Hot Topic Overview
Overview
Currently, cryptocurrency exchange platform Coinbase dominates the US market, while Binance holds a larger market share in other regions globally, including Asia, Africa, South America, the Middle East, and Europe. Data shows that Binance holds a market share of 72% in Africa, 68% in South America, and over 50% in both Europe and Asia. This suggests that Binance has a broader user base globally, while Coinbase is primarily focused on the US market.
Ace Hot Topic Analysis
Analysis
Recently, the cryptocurrency exchange market has shown a clear regional disparity, with US users primarily using Coinbase, while other regions around the world prefer Binance. Ki Young Ju, CEO of CryptoQuant, pointed out this phenomenon on social media platform X, citing data to support his claim. Data shows that Binance dominates the Asian, African, South American, Middle Eastern and European markets, with a market share of 72% in Africa, 68% in South America, and over 50% in both Europe and Asia. In North America, Coinbase is the preferred choice with a 45% market share. This regional disparity may be related to differences in regulatory policies, trading habits, and services offered by the exchanges. For example, Binance offers a wider range of trading pairs and lower transaction fees globally, while Coinbase focuses more on compliance and user experience, making it more suitable for the US market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase
dominates
the
US
market
with
a
market
share
of
about
45%
Binance
dominates
other
regions
globally
especially
in
Asia
Africa
South
America
the
Middle
East
and
Europe
Binance
has
a
market
share
of
72%
in
the
African
market
68%
in
South
America
and
over
50%
in
both
Europe
and
Asia
Coinbase
and
Binance
have
different
user
preferences
and
market
shares
in
different
regions