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

Home
»
Stories
»
2025
»
January

CRYPTO NEWS AROUND THE GLOBE

SEC’s Gary Gensler ditches favourite crypto broadside

Will Dogecoin hit $1 in June? What the forecasts tell us

Author: U.S. citizen detained in Nigeria is being 'denied proper medical treatment for malaria'

France: Lugh announces the end of its stablecoin EURL – Why?

Europe: Bitpanda announces major partnership with Deutsche Bank

What are the 5 cryptocurrencies that performed best in May 2024?

Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens

Ethereum ETF: 3 reasons for future failure for JPMorgan

SpacePay Brings Crypto To Traditional Commerce Using Revolutionary Payment Software – Next Big Altcoin of 2024?

Crypto: The impact of the European elections on regulation

“We must change this peremptory tone”: Bruno Le Maire tackled by the Finance Commission on the public deficit

Bitcoin and gold: A growing correlation to closely monitor

Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% fee

Breaking: DMM Bitcoin Loses 4,502.9 BTC in $305 Million Crypto Hack

A crypto developed thanks to ChatGPT has gained more than 2,000%

DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs

SEC condemned for abuse of power

The U.S. Response to Binance Exec Tigran Gambaryan's Detention Is Shameful

Binance France drops CZ and names two new shareholders to preserve European foothold

Jailed Binance exec in Nigeria is struck by malaria amid anguished pleas from his lawyers and family

SOL, XRP Could Be Possible Candidates for ETFs, Standard Chartered Says

The Paris stock exchange falls as the Fed delays cutting its rates

DOGE: Kabosu, the dog behind the memecoin Dogecoin, died at the age of 17

Ethereum spot ETF (ETH): SEC approves plans from NYSE, CBOE and Nasdaq

Binance exec collapses in Nigerian court as health worsens in prison

WisdomTree may launch its Bitcoin and Ethereum ETPs on the London Stock Exchange

Crypto top & flop: the market pauses except for these three altcoins!

Binance assists Taiwan authorities with money-laundering scheme

A TV host becomes CEO of this crypto platform

Farcaster raises $150M for its social network built on Ethereum

All Crypto News Around The Globe

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

Web3/Crypto

Ki Young Ju (left), CEO of CryptoQuant, with Michael Saylor (right), Executive Chairman of MicroStrategy | X

By Crypto Republique

Jan 16, 2025

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

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.