Most small cexs are susceptible to penalties, potentially amounting to billions of dollars. Binance has the ability to process payments, but smaller cexs do not, potentially leading to insolvency and subsequent collapse, similar to FTX. This is even more likely during a bear market. They frequently lock user accounts unfairly. use DEXs to avoid that. or cexs with good compliance like OKX.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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