In this situation:
CEX - the CEX, their bank, your bank, you
P2P -the P2P platform, the other guy, the other guy bank, your bank, you
A bit two many peers above 2!
CEX - the CEX, their bank, your bank, you
P2P -the P2P platform, the other guy, the other guy bank, your bank, you
A bit two many peers above 2!
I can't argue with your math, it is correct
However, I still think that these p2p exchanges need a better chance simply because they don't get your ID just for trading your pocket money (I don't talk about whales and day traders here).