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.
I've never encountered a problem like this because I usually set stop-loss and take-profit limits when opening futures trades on a particular exchange, so maintenance downtime doesn't affect anything. Relying on a single exchange does carry significant risks, especially for those who actively trade or hold assets on that exchange. If the case involves holding assets, an exchange might not be the right choice. However, if you're a trader, choosing an exchange with a high level of credibility is probably better, even though no exchange is perfect.