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

Have been seeing plenty of CEXs are basically damaged takes after the binance eu lockout, and I feel thats overreading a very slender event.

What truly happened is that one company didnt get a selected license by a deadline in a single regulatory bloc, while 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 again inside months which is closer to firm briefly dropping permit in one region than the CEX model is lifeless.

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

The self custody argument is an effective argument by itself merits and it simply doesnt want this event to be greater than it is to be true,the fact that funds are protected and withdrawable is binance's system working as meant beneath a licensing failure

Solely place I might half concede should 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 a while now, unrelated to any of this), an occasion like this can be a affordable nudge to truly do it ,just dont let it speak you into believing the sky's falling on CEXs usually.

The place I feel this gets fascinating is long run,iff Binance is locked out for months and users route round it effective, thats truly the bearish case for Binance specifically no matter what it says about CEXs usually.does anyone thinks I'm underrating this though?