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Ran Neuner, founder of Crypto Banter, observes that since Binance was denied its EU license, a competitive landscape has emerged as other exchanges fight to attract European customers.
Neuner notes that none of the competing exchanges has published actual result data, making it difficult to assess their progress in capturing Binance's former user base.
Neuner has weighed in on previous scenarios involving major market players. In an earlier post, he outlined why Kevin Warsh's debut FOMC as Chair may be a pivotal moment for Bitcoin. He has also highlighted speculation about what might happen if Michael Saylor sold Bitcoin to buy STRC if STRC stays below $100.