PSA: Be aware that your beloved exchange spies on you after you send money to your self-custody wallet. They will close your account and take your money if you try to prevent them from doing so.
Discussion
Very very true
To what end? Tax reporting or what ?
Clearly it is not about taxes because they already know how much you have.
Spying is always about knowing what you do to gain power over you.
I lost my Robinhood and venmo account from this
How? The only way is by recording it as possibly owned by you. Some may even follow that address, but good OpSec - not reusing addresses- should help a lot here.
The ideal of course is what Monero does, but Bitcoin has decided against that.