What do you think would be a better approach for crypto traders that are actively trading cryptocurrencies daily?
Use Tier One exchange and not any exchange we just see. I know it is difficult to know which exchange will be next or have a loophole but we can rely on two exchanges for now which is Binance and Kucoin. Since there is no remedy for trader not to use CEX every time they can reduce the risk by using exchanges that have strong security.
No exchange is above hacking my brother, because they don’t have any recent case of hack does not mean that they can’t be hacked, being Tier 1 doesn’t guarantee the safety of your assets, the best way is if you can still avoid leaving a penny in any of those exchanges you should do it, but if you can’t because if the type of trade you are involve in proceed with minimum amount to reduce the risk.