I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
Good exchange could help investors to trust their coins on it and we been see so many exhcange got hacked and thats why we do need a good exchange such as binance and kraken. The more investors in the more better the crypto ecosystem. Exchange also became the first gate for investors to start investing their money into crytpocurrency.