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

Have been seeing plenty of CEXs are basically broken 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, 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 within months which is nearer to firm briefly dropping allow in one area than the CEX mannequin is lifeless.

Examine it to what an actual systemic occasion seems like m, FTX for example where funds have been gone,no one's out any money 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 event to be greater than it's to be true,the fact that funds are protected and withdrawable is binance's system working as meant underneath a licensing failure

Solely place I might half concede for those who have been already sitting on the fence about shifting some trading onchain (i havve had a slice on ostium for RWA/FX/gold publicity for some time 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 around it wonderful, thats truly the bearish case for Binance specifically regardless of what it says about CEXs usually.does anybody thinks I'm underrating this though?