#Binance User Research Leading#

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Hot Topic Overview

Overview

Binance stands out in the recent CryptoQuant Cryptocurrency User Survey Report, ranking first across multiple key metrics. The report shows that 53% of respondents use Binance most often as their centralized exchange, 48% store most of their crypto assets on Binance, and 51% have earned the most profit through Binance. Binance dominates regions like the Middle East, South America, Africa, Asia, and Europe, being the platform of choice for 50% to 72% of respondents in these areas. Furthermore, over half of respondents believe Binance has the best network security measures, customer service, and C2C trading platform.

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Analysis

CryptoQuant's survey report on crypto users shows that Binance is leading in several key metrics, becoming the preferred cryptocurrency exchange for users in multiple regions. The report shows that 53% of respondents most often use Binance as their centralized exchange, 48% of respondents store most of their crypto assets on Binance, and 51% of respondents have earned their biggest profits through Binance. In regions such as the Middle East, South America, Africa, Asia, and Europe, Binance has a user share exceeding 50%, reaching as high as 52%-72% in the Middle East, South America, and Africa. Additionally, over half of respondents believe that Binance has the best cybersecurity measures, customer service, and C2C trading platform. It is noteworthy that although 83% of respondents value regulatory compliance in the crypto industry, only 32% believe Binance has the highest compliance standards, indicating that Binance still has room for improvement in compliance. Overall, CryptoQuant's survey results indicate that Binance is leading in terms of user base, user experience, and market influence, but it still needs to make further efforts in compliance.

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Classic Views

Binance has a wide user base globally, especially dominating in regions such as the Middle East, South America, Africa, Asia, and Europe.

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Binance excels in user experience and is considered to have the best cybersecurity measures, customer service, and C2C trading platform.

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Binance is the most frequently used centralized exchange by users and is the preferred platform for storing crypto assets.

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Binance is also recognized by users for its compliance, although ranked second, 32% of respondents believe Binance has the highest compliance standards.

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