If competition were the reason Barclay’s blocked the transaction (it’s not) then Barclay’s would also block brokerage accounts from purchasing mutual funds advi

If competition were the reason Barclay’s blocked the transaction (it’s not) then Barclay’s would also block brokerage accounts from purchasing mutual funds advised by competitors and block retail banking customers from paying competitor credit cards via ETF. Banks “fund the competition” all the time. The transaction was blocked because Binance is breaking the law in allowing unauthorized securities transactions within the UK.