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.
An exchange like Binance will not just go on maintenance without notifying their traders. The exchanges would have shown it as a message displayed on the trading page. I have used Binance before for trading and how I know what the exchange can do.
I have at least 5 exchanges that I am using for trading right now and Binance is still among them but I am not using it frequently.