About Binance
- They justifies delisting because of smart-contract vulnerabilities and lack of development (Monero is under high development and dont have smart contracts because it's made to be digital cash 🤨)
- Increasingly halting withdrawals even after delisting ( monitoring chart )
- Users are complaining about a 3 XMR limit, we talk about 300$ that's a very very small amount that even your hood friend can refund you 🤨.
- People can be rewarded in USDT by taking risk to hold paper XMR if they can't withdraw them so hold if you can't withdraw to create a debt ( announce ).
ChangeNOW, FixedFloat and SideShift
- Exchanges like Binance, KuCoin (as examples) haves swap features used by all theses "non-custodial" exchanges, they just get referral on swaps you make.
- Technically by using then you're just feeding their reserves so again opt for Bisq.
- Since Binance fully stopped monero spot trading, sideshift and FixedFloat stopped monero swaps.
About Huobi & Poloniex.
- Both haves closed withdrawals, with proven price anomalies. Compare PLX + HTX versus TradeOgre or Bisq
- Huobi is very likely insolvent due to a hack and PLX were bought by Justin Sun (Huobi owner)
What can we conclude of this ?
Most of exchanges giving on monero:
- Leverage
- Lending / Borrowing
Struggle in reality to cover their reserves. People should also avoid as much they can KYC platforms, where they can get restricted on their trading/arbitrage activity like we seen on CoinEX. KYC and AML leads to frozen funds so money losses.
About CoinGecko & CoinMarketCap
- No one knows on what their "trust score" of an exchange is based.
- It changes constantly and they don't list all exchanges (BasicSwapDEX, IncognitoChain, SevenSeas ect..)