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?
Untill now, a person who has a cryptocurrency is mostly used as a system to get profit, whether they use trading, lending or investing. Because most of the online trading system or conventional trading system still use money fiat. The function of an exchange itself is to exchange cryptocurrency against money fiat, even though they (users) who store bitcoin in hardware wallet when they want to exchange cryptocurrency for money fiat they must definitely use an exchange.