Then just try to imagine how badly it will affect the market if Binance runs away or some authorities shut them down. Remember how it affected the market during the Terra Luna crash? How volatile the market was? Binance has over 800K Bitcoins in their control which they claim as proof of reserves. Their other wallets got millions of Bitcoins which is not their funds. Those funds are user funds. Imagine you woke up and saw Binance was shut down for some reason and the market kept dumping. That will be great chaos in the crypto market. People making this exchange more and more powerful by using their service without understanding the risk. There is nothing we can do if they start manipulating the market.