I believe that the benefits often outweigh the risks for certain people. Some others do not just know how much they stand to lose should anything happen to the exchange. For me, the most important lesson for proponents of bitcoin in 2022 is that nothing is guaranteed and nothing is promised. Exchanges are vulnerable to hacking, and they can vanish in an instant, taking with them your money. It's also possible that people keep their digital assets on cryptocurrency exchanges since they just have a tiny number of them there and don't care what happens to the exchange.