Why Do Removable Drives Still Use FAT32 or exFAT Instead of NTFS?

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Microsoft’s Windows XP started using the NTFS file system by default for its internal drives back in 2001. It’s now 23 years later, so why are USB flash drives, SD cards, and other removable drives still using FAT32 or something called exFAT?

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Source : Why Do Removable Drives Still Use FAT32 or exFAT Instead of NTFS?