When downturns happens with a CEX, why users panic?

[amebo]

This wouldn’t be long, in short; when a CEX encounters a downside in the ecosystem, two things run through the hearts of its users:

1. the CEX is no longer trustworthy to invest in
2. Maybe a crash is on its way.

And most times this are the qualifying factors for a reputable CEX; continuation in growth and amplified quality both in products and services provided, including protocol advancement and security updates.

Just recently, seeing that of-course at all time Binance has maintained a first class when it comes to trading volume and rankings. But let’s move our eyes a bit to some well to do CEX platforms like bitget.

According to CoinGecko’s report, from the beginning of this year, this platform grew from a market share of 4.6% to 7.2%, with a trading volume reaching $92B at the end of April. making it the 3rd largest crypto exchange platform.

This is the definition of taking advantage of the downturns—hope other CEX aren’t sleeping cuz with how fast this CEX moves, Binance might be out of the way soon.

What’s your thoughts on this—let’s watch this thread