The recent market crash wiped out billions of dollars, leaving countless traders facing devastating losses. Many saw their positions liquidated, with some losing their entire investments. Meanwhile, Changpeng Zhao (CZ), the former CEO of Binance, continues to benefit—earning profits regardless of market trends.
Binance, as the world’s largest crypto exchange, offers advanced features, but it lacks critical safeguards for less experienced traders. High-risk trading, such as leveraged positions, often leads to heavy losses during sudden price swings. Sadly, no clear systems are in place to limit these risks for beginners.
Stricter measures like capping leverage for new users, providing real-time alerts on major market events, or implementing better risk assessment tools could significantly reduce the number of traders losing their funds. Tools to guide users on market volatility or potential dangers could save people from such life-changing losses.
💬 What’s your take? Should Binance introduce more protections for its users? Share your thoughts below. Let’s start the conversation..