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

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

What truly occurred is that one firm 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 back inside months which is nearer to company briefly dropping permit in one area than the CEX mannequin 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 money right here. The worst case for many customers is to use kraken or coinbase for a number of months lol which is an inconvenience, (not disaster)

The self custody argument is an effective argument by itself merits 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 beneath a licensing failure

Only place I might half concede for those who 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 publicity for a while now, unrelated to any of this), an occasion 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.

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