Most of my transactions are on exchanges. I feel that without an exchange, my transactions will become very troublesome. For our crypto users, the experience of the exchange is very good and convenient to trade.
Despite the collapse of exchanges and the damage done to the market and investors, we will always need exchanges. Once we invest, we should accept all risks, if we can't accept the risk, stay away from it, don't complain or blame anyone. Cryptocurrency is a market full of scams and if we are not greedy no one can fool us. I mean take responsibility for your decisions, life is inherently fake. When I invest in cryptocurrencies, I prepare myself for any trouble.
What you said is true. There is no investment without risk. Especially in crypto, the risk is higher. I cannot imagine a crypto without exchanges. At least for now. I think of it as raising a baby. Stock markets are the most important tools to raise this baby. I don't know what will happen after a while, but right now I can't think of the stock market and crypto separately. Everyone should stand behind their decisions and be aware that they are taking risks.