GM fam. If you do trade on an exchange, wanted to ask you about your favorite option so far.
Last week I was discussing with some friends the benefits Binance offers: quick trading, minor crashes within each year, and also the liquidity it already has created over the years.
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source:
https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/Binance liquidity is obviously crazy and it has been the market leader since 5-6 years now. But I still feel that the global version is not that safe. Binance has ben involved in shady things in the past like manipulation of prices because volatility can be a boon and bane as well. I remember when BTC fell to 32k from 40k in a day a year ago. It went all the way down till 28k on Binance because there were so many longs who got liquidated, Infact fall on Binance was much sharper and deeper than the fall on any other exchange. Ironically the US Binance version is much credible thanks to the regulatory norms in the US. Quite the same thing can be said for FTX US as well.