Let me share my opinion regarding KYC. I prefer trading on exchanges which ask for mandatory KYC. I think it's for our safe and, that is the most important point, those exchanges have a chance to stay live longer. Remember that Binance asks for KYC.
Even Binance exchange are requiring KYC I feel my identity will be safe there because that is most trusted exchange for me..
KYC is not benefits to the user of the crypto because we are not have freedome to hide our identity to tean of exchange or investment sites. But it depends to you if you agree on KYC it's good and follow it but for me I do not any choices to follow it but I don't like it.
Its not actually safe if you just think about the possiblity that the Chinese government can access these data. I'm just taling possibilities not that its confirmed but quite possible. I'm moving to decentralize exchanges because its just not good because while adoption is gradually occuring, our data are being collected everyday. Its enought for me to trade in the low volume DEX as long as I can escape that chain.