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?
it's like an analogy, you have a garden, you have lots of fruit. but you have no place to sell it, then will you sell it in front of your house?
what if it's not sold, won't the fruit rot?
and you see the market, where they sell various kinds, isn't it more effective to sell on the market ?
That's how it works, You get a profit, Buyers get what they want, and the fruits won't get rot faster.