Actually no if you love your privacy and you usually avoid centralization.

All these exchanges that failed are as a result of centralization and some certain crime and regulation from governments which you can never find any of such thing with decentralized system. Centralized exchanges are not as transparent as they should be, that is why governments do charge them some regulations which they mostly violate their rules and usually affect them or cause bankruptcy do any exchanges.

Take the case of KuCoin exchange as example, the charges they gave them start affecting them immediately as their native coin KCS dropped drastically within some hours.

Avoid centralized exchanges because they are not safe to hold our coins because they can go down anytime and you might not be able to withdraw your funds because you don’t have full custody over your coins.