Binance EU thing is being framed much more negatively than it deserves

Have been seeing lots of CEXs are basically damaged takes after the binance eu lockout, and I feel thats overreading a really slender occasion.

What truly occurred is that one firm didnt get a selected license by a deadline in a single regulatory bloc, whereas three of its direct rivals did. Its withdrawals still work and binance itself says its actively pursuing a license in france and expects to be back inside months which is nearer to company briefly dropping permit in one area than the CEX model is lifeless.

Examine it to what an actual systemic occasion appears like m, FTX as an example the place funds have been gone,no one's out any cash right here. The worst case for most customers is to make use of kraken or coinbase for a couple of months lol which is an inconvenience, (not disaster)

The self custody argument is an effective argument on its own merits and it just doesnt want this occasion to be greater than it is to be true,the truth that funds are protected and withdrawable is binance's system working as meant beneath a licensing failure

Only place I might half concede in case you have been already sitting on the fence about shifting some trading onchain (i havve had a slice on ostium for RWA/FX/gold exposure for some time now, unrelated to any of this), an event like this can be a affordable nudge to truly do it ,simply dont let it speak you into believing the sky's falling on CEXs usually.

Where I feel this gets fascinating is long run,iff Binance is locked out for months and customers route around it fantastic, thats truly the bearish case for Binance particularly no matter what it says about CEXs usually.does anyone thinks I'm underrating this although?