It's quite unfortunate how these exchanges get hacked and people end up losing their funds. I think it's high time we all take into great detail exchanges that we trade on for the safety of our funds. It's best to stay away from newly opened exchanges who promises huge gains on any investment plans they offer their customers.
I think you missed the point, it didn't matter with exchanges being hacked nor early introduced market.
Simply because these exchanges I've mentioned are well known market in the network; thus for sure you're already aware of.
If you are the CEO of the biggest cryptocurrency exchange in the world and such thing happens,you will have to resign,because your incompetence is obvious and the owners/shareholders might lose money.
The repeated market maintenance during high buy-on and huge sell-off may spell incompetent market exchanges.
Note that this exchanges were considered pioneer and are very one of the largest market in the network.
So, surge of transaction is not an excuse.
If they will there to protect the market crash then they will be there too to avoid market surge. Therefore, market manipulation.
Damn. So what exchanges can I trust? Seriously. I mean, I don't store any assets on them, but which exchanges could you advice (I'm interested only in BTC) that have at least good reputation?
I'd quote this one for you. Try to research this one:
I have begin to noticed also recently that most crypto exchange are beginning to protect their traders more by giving them tips to reduce their risk.
This is part of the reason why binance delisted that FTX leverage token from their exchange because they discover that traders are losing huge amount of their money to this token when traded.
Binance are trying hard to protect its single investors/traders...At the end if there were such rules in the market like "circuit breaker", I think its about time to know and be more aware about our market.
We need to do research of our own...as an investor/trader, ignorance is no longer an excuse.