As most of the books I read are out of copyright anyway, I'm not "encumbering" myself with Amazon in any way, except for buying hardware they made.
There is still a need to deal with conversion, but it happens on Amazon servers. Which is convenient, but gives no control over the results (and someone mentioned in another comment that it doesn't even preserve the cover image).
The Kindle itself does not natively support ePub. MOBI is being retired to favour AZW3, and Microsoft is moving to ePub.
Did they exit the business? It looks like the Nook Glowlight 4 was released less than a year ago.
I don't know a single person in real life with an e-reader other than a Kindle, including myself, so I had to google to see how B&N Nook was doing when you said that, but it still seems to be a thing.
It is not amazon encumbered. That is a huge value to many