Some weeks back, the clash between the federal government and Binance stirred controversy online, leading to Binance halting naira pair trading and removing naira P2P from its platform. This prompted users to shift their assets, especially USDT, to other exchanges like Bitget, Bybit, OKX, and Kucoin.

Binance has long been a stalwart in the crypto sphere, delivering satisfaction to users and constantly innovating to enhance the user experience. However, a friend of mine recently faced issues with Bybit P2P, noting unresponsive customer support—a departure from the swift resolution typically seen on Binance.

The question arises: What strategies can these other exchanges employ to compete with Binance effectively? Is any exchange poised to fill the void left by Binance? Let's explore this topic further.