Most of Binance's trading activity isn't about being an "onramp" for crypto, it is mostly crypto to crypto trades, in which case the onchain solutions are far superior. The sooner these vestiges of a prior crypto era are torn apart, the better.<p>Within the crypto space, these exchanges are extortionate to project communities and the project founders, and a lot of it can't be talked about because that ensures no listing on Binance, and thats just the tip of the iceberg of what people have to put up with, all of the eastern exchanges have similar practices. eastern europe too, but and to a much lesser extent the US exchanges but to the point that it’s impossible to get listed unless all the VCs backed you.<p>Outside the crypto space, its pretty obvious that the discussion is much more juvenile, any distress with <i>any</i> crypto exchange represents "crypto" as a whole, and validates whatever people already believe. So the sooner these mismanaged companies go away, the sooner that conversation can mature.<p>Unpermissioned market making onchain has been a major boon to the crypto space, and so these exchanges like Binance are not necessary. Most of the major wallets have ways of getting fiat into the crypto space, and they can become the primary users of onramps. Both Block and Paypal are crypto exchanges, all that infrastructure is there by better managed companies, and trading of more esoteric asset pairs can be done onchain, as it already is.