Report: Coinbase and Kraken account for 22% of AI citations in the US crypto industry, with IBIT dominating Bitcoin ETF-related responses

Odaily Planet Daily News A market analysis report shows that Coinbase and Kraken together account for 22% of all AI citations in the crypto category, with Coinbase at 13% and Kraken at 9%, a lead more than three times that of other US trading platforms. Gemini ranks third with 5.5%, Robinhood Crypto ranks fourth with 5%, and BlackRock’s spot Bitcoin ETF IBIT ranks fifth with 4.5%, dominating responses to queries related to “Bitcoin ETFs.”

The analysis points out that the influence of hardware wallets in AI responses is waning. While Ledger and Trezor still dominate responses to “best crypto wallet” queries, for questions about the “best way to store crypto assets,” AI is increasingly leaning towards recommending custody solutions offered by regulated trading platforms. The report suggests that the “self-custody narrative” that gained traction after the FTX incident is no longer the dominant framework cited by AI.

Furthermore, AI is rapidly shaping the landscape of retail crypto financial brands in the US. “When users ask ChatGPT where to buy Bitcoin, the platforms that AI showcases first will have the opportunity to define the industry landscape for the next decade.” (PRNewswire)