In reality, CEXs are like casinos, where steady progress is key. No amount of marketing resources can offset the far-reaching impact of a single reputational collapse.
Binance's rise was a time of flourishing CEXs, with a plethora of schools of thought. What kept me holding onto $BNB and remaining a loyal Binance fan wasn't the flashy merchandise I received annually, but watching @cz_binance and @heyibinance repeatedly prove Binance's leadership with real money during crises.
This is easy to do in the short term, but after eight years, there are only a handful of CEXs that have managed to maintain their reputation. @star_okx's handling of multiple issues at OKX over the past two years impressed me, and I'm now more confident in investing and trading in it.
How many people have been deterred from using HTX by pGala? I hope @bitgetglobal will also pay attention to the Morph Black Card fiasco and avoid it becoming their own pGala moment, which would be counterproductive.