Quantcast
Millennium Management holds nearly $2 billion in spot bitcoin ETF shares
Consensys is revolutionizing crypto with Smart Transactions on MetaMask
Should you buy or sell Bitcoin according to these influential people in the industry?
Humanity Protocol raises $30M to compete with Worldcoin
Bitcoin worth over $60 million moved for the first time in 10 years
Crypto: This is how tokenization revolutionizes real estate
Top cryptocurrencies to watch this week: ETH, BOME, HNT
BlockFi hires Coinbase to return crypto to its creditors
International Monetary Fund Tells Nigeria To Regulate Crypto Trading Platforms
Arsenal has a sports coin and so does PSG — inside the wacky $3bn market where prices soar for no reason
Solana users are paying millions to stop bots attacking their trades
Nigeria: cryptocurrency exchanges against the local naira (NGN) will soon be banned
Tether announces expansion into Eastern Europe, invests in CityPay
Understand the market to buy and sell Bitcoin at the right time
SEC Delays Decision on Invesco Galaxy Spot Ethereum ETF
Bitcoin (BTC) rebounds over the weekend after a sharp fall
Coinbase benefitting from 'hostile regulatory environment': Bitwise
Blockchain Business School And Pyratzlabs Team Up To Finance Your Web3 Training
This Week's Top Crypto News: Bitcoin, Binance, Ethereum, Solana, Ripple
Crypto companies raise $2.5bn in first quarter — a ‘lacklustre’ 29% increase
Ethereum: The rush of crypto investors continues despite the price drop
Angry investors say ZKasino stole $30m in crypto as Dutch police make arrest linked to scam
Coinbase Profit Jumps As Crypto Rally
Jack Dorsey and Block under legal investigation, but buy more Bitcoin
EigenLayer will distribute 100 more EIGEN tokens to each address eligible for its airdrop
Paragraph Raises $5 Million, Acquires Web3 Blogging Platform Mirror
Baroness' Letter Sparks Debate on UK's AI Market Competition
Web3 wine marketplace Baxus raises $5m from Multicoin Capital, Solana Ventures
Uniswap users can now use Robinhood Connect to buy cryptocurrencies
Bitcoin (BTC) Falls Below $58k as ETF Investors Retreat

CEO of CryptoQuant: 'U.S. uses Coinbase, the world uses Binance'

Web3/Crypto
Webp ju
Ki Young Ju (left), CEO of CryptoQuant, with Michael Saylor (right), Executive Chairman of MicroStrategy | X

Ki Young Ju, CEO of CryptoQuant, said that Binance is utilized by the global cryptocurrency market, while Coinbase remains more popular in the United States. The statement was made on X on January 16.

"U.S. uses Coinbase," said Young Ju. "The world uses Binance."

According to a post on X, a graph showed Binance's presence in cryptocurrency market share across various regions: 51% in Asia, 50% in Europe, 72% in Africa, and 68% in South America. In contrast, Coinbase was depicted as the leading exchange in North America with a 45% share. Binance's market share in Oceania was lower at 18%. Other exchanges such as Kraken, Bybit, and OKX accounted for smaller portions of the global market.


Ki Young Ju's post | X

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Min, founder of ICX, posted on X that Binance would "100% be used" in the U.S. if permitted. Binance CEO Changpeng Zhao (CZ) responded with a shrugging shoulder emoji.

Binance is regulated in 21 countries, which is more than any other cryptocurrency exchange. This includes approvals in markets such as Argentina, India, Kazakhstan, Indonesia, France, Japan, and Dubai. Most recently, Binance secured regulatory approval in Brazil by acquiring Sim;paul, a broker-dealer licensed by the Central Bank of Brazil. This marks the first time a crypto exchange has received a broker-dealer license in Brazil. Binance's regulatory compliance includes Anti-Money Laundering (AML) policies and Know Your Customer (KYC) processes alongside a Financial Crime Compliance unit. With over 1,000 staff dedicated to compliance efforts globally, Binance aims to ensure secure and responsible operations.

Ki Young Ju serves as CEO and co-founder of CryptoQuant since 2018. The company provides institutional-grade on-chain data for digital asset valuation. Previously he worked as a product manager at ICON Foundation and as a researcher at Penta Security Systems focusing on cryptography and web security. He holds a B.S. degree from Pohang University of Science and Technology and studied Computer Science at the University of Waterloo.

More News

Marina Markezic, director and co-founder of the European Crypto Initiative (EUCI), has expressed concerns about the Markets in Crypto-Assets Regulation (MiCA) leaving crypto lending and borrowing to national laws.

Jan 19, 2025

Marina Markezic, director and co-founder of the European Crypto Initiative (EUCI), said that decentralized finance (DeFi) remains a "niche globally," with European Union (EU) adoption above the global average but still behind other developed...

Jan 19, 2025

Member of the European Parliament (MEP) Stefan Berger has emphasized the need for Europe to remain competitive in the field of stablecoins and innovation.

Jan 19, 2025

The Autorité des Marchés Financiers (AMF) has announced its recognition by the International Association for Trusted Blockchain Applications (INATBA) for its innovative approach to digital asset regulation.

Jan 18, 2025

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have released a joint report analyzing crypto-assets, decentralized finance (DeFi), and related activities for the European Union Commission's Markets in...

Jan 18, 2025

The Digital Operational Resilience Act (DORA) enhances European Union (EU) financial regulation, requiring entities to bolster their ability to withstand Information and Communication Technology (ICT) disruptions, mitigate cyber risks, and...

Jan 17, 2025