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…)