Binance's situation does raise concerns about the stability of centralized exchanges and like you rightly pointed out: exploring other established exchanges has been the productive way to stay confident in this space. Tbh, I don't stick to one exchange.
While layoffs can be unsettling, it's important to remember that the cryptocurrency market is dynamic and constantly evolving. As users, we should stay informed about the situation and keep an eye on exchanges like Binance while also considering trustworthy alternatives such as Kraken or Coinbase.
Agreed. It's crucial to have backup plans in case of unforeseen circumstances. Researching and diversifying across different exchanges is a wise approach to safeguard our investments.