According to CoinDesk, research firm Bernstein said in a research report on Wednesday that under government supervision, there has been no major panic among customers, and Binance remains the dominant cryptocurrency exchange internationally, hosting $67 billion in funds. Binance will remain an "important entity outside the United States," and competition from listed competitor Coinbase (COIN) and new exchanges in regulated markets such as Hong Kong and Singapore is expected to intensify. They wrote: In our view, this is the last straw for regulators to approve a regulated Bitcoin ETF.