A report has just been released detailing the list of the most powerful leading cryptocurrency exchanges by market share by web “mentions”.
Researchers at B.D Center have worked it out by looking at which exchange was most searched for in web searches and through news and media outlets.
The report, which is an analysis of the headlines of 2500 media outlets to see which exchanges are forming the cryptocurrency news agenda, also studies which countries are most actively monitoring the use of the crypto market.￼￼
Findings show that users in the United States (24%) and Russia (17%) are the ones most actively monitoring the news for the crypto market.
In total around 250 platforms have mentioned exchanges from the period of January 2019 to May 2019.
According to the study, Binance, Coinbase, Bitfinex, Huobi and Bittrex account for over 70% of all mentions.￼
Binance was mentioned over 2282 times between the two dates while Coinbase was mentioned 1328 times, Bitfinex 844 times, Huobi 580 times and Bittrex 357 times.
Binance was mentioned over 2282 times, making it a clear winner with 30.3% of web mentions further cementing its position as the number one Cryptocurrency exchange on the planet. ￼
See the pi-chart below:
The news will come as a further boon to the exchange giant which recently posted a $186 million profit margin in Q3 this year.