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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

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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.

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