Managing Exchange Risk in Trading

[Cryptoic]

The temporary issue on Binance futures earlier today made me realize an important point that relying on a single exchange bring about unnecessary risk. Although I did not open a trade on it at the time since I was already trading on Bitget prior but several traders i know were affected.

This raises the need for diversification and not just in investment portfolios but also in the CEXs we use. By spreading our trading activities on multiple exchanges, the impact of such issue whenever it arise will not be felt.

Personally, I diversify across Binance and Bitget to manage this risk. In my opinion, using this approach is a good risk management practice for any trader. Do you also diversify your exchanges or prefer to use one platform ?