It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.
Binance has such great strength because it has a strong support in the market. but if you notice that ethereum has built a very large community so that to defeat ethereum domination is a very heavy work. takes a long time to realize this, binance is a strong threat.
You are right! Binance is one of the most influential exchange today. In fact, it may become a top 5 placer in CMC soon. BNB fluctuates much and it may lead for ethereum to dethrone at top 2. Binance is just silent but it will boom once its community becomes dominant than what we expect of. In addition, Binance is a friendly exchange and I really want to uss when I buy or sell a coin.