Ran Neuner, host of CNBC Crypto Trader, stated via X that as competition among cryptocurrency exchanges entering Europe intensifies, users are benefiting the most. He said, "As Binance failed to secure the MiCA (Markets in Crypto-Assets) license, the European Union's cryptocurrency regulatory framework, other exchanges are aggressively moving to gain market share. Although exact performance figures have not been disclosed, looking at the rankings in the financial category of the European App Store, Kraken dropped 1 spot, BybitEU rose 23 spots, Coinbase rose 26 spots, and OKX rose 103 spots. Exchanges are using deposit bonuses as a key incentive to attract users. Competition is beneficial to the market." Previously, the EU officially implemented the MiCA framework on the 1st, ending the temporary grace period for operations.
