#Coinbase leads in the U.S., while Binance reigns supreme globally.#
Hot Topic Overview
Overview
Currently, Coinbase holds the lead in the US market, while Binance dominates globally. Data reveals that Binance holds a dominant position in Asia, Africa, South America, the Middle East, and Europe, particularly with a 72% market share in Africa, 68% in South America, and over 50% in both Europe and Asia. In North America, Coinbase reigns supreme with a 45% market share. This indicates that Coinbase boasts a substantial user base in the US market, while Binance enjoys a broader user base worldwide.
Ace Hot Topic Analysis
Analysis
Coinbase dominates the US market, while Binance has a greater global reach. According to Ki Young Ju, CEO of CryptoQuant, Coinbase holds a 45% market share in the US, making it the preferred trading platform for North American users. On the other hand, Binance dominates markets in Asia, Africa, South America, the Middle East, and Europe, with a 72% market share in Africa, 68% in South America, and over 50% in both Europe and Asia. This geographic disparity is likely due to factors such as regulatory environment, user habits, and market maturity. Coinbase enjoys a more established regulatory framework in the US, while Binance has a broader user base and lower trading fees globally.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase
dominates
the
US
market
with
a
market
share
over
45%
Binance
dominates
globally
especially
in
Asia
Africa
South
America
Middle
East
and
Europe
markets
Binance
has
a
market
share
of
72%
in
Africa
68%
in
South
America
and
over
50%
in
Europe
and
Asia
Coinbase
leads
in
the
US
market
while
Binance
reigns
supreme
in
the
global
market