Recently, a cw and ht exchange popped up, and interestingly, after cw ran away, I went to find an ht representative. The representative assured me how great ht is. As a result, it ran away yesterday. cw held on from April until now, but ht only lasted thirteen days from July 1 to July 13 before it ran away. It's truly a case of the pot calling the kettle black.
Undeniably, the rebate ratio of smaller exchanges is very high and attractive, but the risks are commensurate. Recently, I've seen many KOLs get criticized for promoting shoddy exchanges.
In the rights protection group, as an influential KOL, I think there should be some bottom line. Not to mention how to help fans make money, at the very least, ensure the safety of clients' funds.
Would you choose the safer Binance with lower rebates, or the shoddy exchange with higher rebate ratios? It's really a case of different paths leading to the same destination.