It can move into stablecoins or the exchange's fiat accounts. At the same time however you can't outright move a bunch of money off an exchange unless your acc

It can move into stablecoins or the exchange's fiat accounts. At the same time however you can't outright move a bunch of money off an exchange unless your account is rated for that. I don't particularly move a lot of value in cryptocurrency (I'm not remotely close to wealthy, just a SWE in an east coast, non-FAANG job) but I have a 250k USD daily withdraw limit on my exchange account. At least on my main exchange, if you set up certain security restrictions(2FA, wallet quarantine periods, etc), do KYC, and have an active account for X duration in time, you get larger withdraw limits and access to higher trade volume tiers. It's all about how much risk you present to the exchange and the associated financial organisations. I represent a very low risk level (I'm very boring and generally risk adverse) so I get access to pretty high withdrawal and deposit volumes. I don't leverage them but if I wanted to I could.