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

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

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

Examine it to what an actual systemic occasion seems to be like m, FTX for example where funds have been gone,no one's out any money here. The worst case for many customers is to make use of kraken or coinbase for a couple of months lol which is an inconvenience, (not crisis)

The self custody argument is an effective argument by itself deserves and it just doesnt need this occasion to be greater than it is to be true,the fact that funds are protected and withdrawable is binance's system working as meant underneath a licensing failure

Only place I might half concede in case you have been already sitting on the fence about shifting some buying and selling onchain (i havve had a slice on ostium for RWA/FX/gold exposure for a while 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 round it high-quality, thats truly the bearish case for Binance specifically no matter what it says about CEXs usually.does anyone thinks I'm underrating this although?