When Binance futures went down earlier today, it reminded the risk of relying solely on a single exchange. Though I didn’t have a position opened on it at that period because i already placed a trade on Bitget at the time but i know those who were stuck. This just shows why you should have options open as a form of risk management because this can happen to any exchange at any time.
Why would someone open a futures position without setting stop loss/take profit? A scenario like this which exchange temporarily maintenance will keep your position still safe because everything is setup.
Also Exchanges maintenance usually undergo on short period of time so it’s not that a big deal unless you are trading futures on x100 leverage.
Although having several exchange account is good to diversify your trading activity and minimize risk in case exchange bankruptcy.