As a trader, do you feel safe using such exchanges that haven’t released theirs or should the more transparent ones be given preference?
Of course everyone don’t feel safe on exchange that is not transparent since providing Proof of Reserve is very easy for exchange if they don't hide anything. But most of exchange use their customer funds to venture on different crypto investments to get more funds that why they can't provide a legit Proof of Reserve same as Binance. Crypto exchanges are more shady than banks since they are not regulated even with billions of money they are holding.
So far, No crypto exchange manage to provide an official proof of reserved that is audited by official auditors.