How safe are crypto exchanges?

Hello, it should be taken into account that crypto exchanges independently store clients' funds. This is comparable to a bank where a large number of people bring money, and it keeps all the funds together, but for each one it makes a record - who brought how much. At the same time, unlike banks, the state does not guarantee the safety of exchange clients' assets. This means that if the exchange goes bankrupt, all the money will be lost along with it. This is exactly what happened with one of the largest exchanges in the world, FTX. In turn, crypto exchangers transfer crypto to the accounts specified by the client and have nothing to do with them. Thus, responsibility for the reliability of the cryptocurrency wallet lies solely with the client, which increases the reliability of savings. Another difference is that exchanges carry out full verification of the client, with confirmation of passport data and place of registration. Crypto exchangers do not require this. Only in some cases is a simplified identity verification procedure (KYC) carried out, solely to prevent the illegal use of the service for fraudulent purposes. But crypto exchangers like https://www.trustchange.com/ have several licenses and are no less secure than crypto exchanges.