OKX is going public in the United States, but the business volume of its US subsidiary is very small. How can it support a valuation of several hundred million or even billions of dollars? Mainly focus on the following three aspects 1. Value of regulatory licenses in the United States 2. Potential for future user growth 3. Global business linkage effect (such as wallet, pay and other products, compliance licenses in other regions, etc.) What do you all think?