I also do not think that Binance influenced the price, but the safety of the funds is in priority.

As we see the hack of Binance did not influence the price. I think soon Bitcoin will reach the mark of 7000$. But hackers showed that it is possible to hack even the bigest exchange.

That's for sure, many novice traders keep cryptocurrencies there, ignoring all security recommendations.

I agree that blockhain technology is very usefull, but still now there are a lot of speculation in the cryptocurrency.

But not only traders ignoring all security recommendations but exchanges ignoring them too. And we see the results. The hack of exchanges.

The bottom line is that when hackers broke into other exchanges, this negatively affected the course as people started transferring their cryptocurrency to fiat. But this exchange has a high level of user confidence.

The rate of crypto grows very quicly. There are a lot of transactions. That is why commissions grow. In 2017 the commissions in Bitcoin was till 100$.

Now Bicoin continues to grow. It seems that it is difficult to stop this growing. And along with Bitcoin, other cryptocurrencies are growing. Many cryptocurrencies are growing even more than Bitcoin.

I think traders keep money on exhanges to have more profit. Cryptocurrency are very volatily and it is neccessary to have money on the wallet constantly to trade in good moment or traders will lost profit because deposit money to the wallet takes a lot of time.

If you trade with all means, then of course it is logical to keep them on the stock exchange, but if you trade only part of it, then the rest should be kept in the wallet.