There are a few things unique to passkeys though. You can register multiple passkeys for the same account so you could in theory have a physical USB key and cloud synced passkeys. Not many people would do this I would think though it would be easier than memorizing every password. There are also data portability specs in progress right now that let you export/import passkeys between services.
But at the end of the day I would suggest that it should be straight up illegal for a company to freeze your account without letting you export your data. It probably actually is by the GDPR. This problem also already exists for email too. If Google bans you, you'll find a lot of your accounts become unusable. Anything with email OTPs wont work, and some services like Discord won't allow updating your email without access to the existing one.