US stock brokers are unable to get through, you can try cryptocurrency brokers. Yesterday, domestic regulatory agencies severely punished three US stock brokers, Futu, Tiger, and Changqiao, and ordered them to concentrate on clearing illegal stock businesses within two years. Three years ago, the doors for new users to register for these three securities firms in China were closed, and now the windows left for old users have also been sealed. Many friends are looking for alternative investment channels and methods in the US stock market. In addition to channels such as Jiaxin Interactive, US stock tokens/RWA products, cryptocurrency brokers are also worth trying. What is a cryptocurrency broker? There are a few points we can talk about: 1. BIT @ BITstocks_CN @ BIToffician_CN is what I call the "crypto brokerage" model: It is a directly connected US FINRA licensed brokerage firm (the directly connected US compliant brokerage firm is RQD Clearing, DTC 4305), with user asset compliance custody and full shareholder rights (including real dividends and voting rights). This model allows users to directly deposit and trade with stablecoins (such as USDT/USDC), with orders directly linked to the liquidity depth of the New York Stock Exchange and Nasdaq, greatly reducing the entry threshold for users worldwide, especially in capital restricted regions. This is equivalent to combining the efficiency of encryption with the true compliance of TradFi, creating a hybrid model of "crypto brokers". Stablecoins can be withdrawn by buying or selling, allowing users to enjoy the ultimate efficiency of using funds. 2. Actually, it needs to be specifically discussed that BIT's encrypted brokerage model is actually the introduction broker+white label model in the traditional financial field. Simply put, Introducing Brokers are mainly responsible for connecting with clients and do not directly hold client funds or execute trades. Clients actually open accounts and trade with backend brokers. The complete trading system, liquidity, and backend management are provided by the backend provider (big broker), which is the white label model. Introducing the broker+white label model is not a gray or marginal practice, but a widely accepted and regulated approach in the industry. It can also be said that Tiger Securities and Futu, which are familiar to everyone, used the introduction broker+white label model for several years before they obtained their own US brokerage license in 2019. At that time, the backend brokers of Tiger Securities and Futu were both Interactive Brokers. From this perspective, BIT can be said to be the stablecoin version of "introducing brokers+white label model", or it can be said to be the early encrypted version of Futu and Tiger, with the core being: It can directly stabilize coin deposits and withdrawals, and also connect directly to compliant brokers in the US stock market. 3. BIT is a rebranded version of the old cryptocurrency asset management platform Matrixport, which has obtained many valuable licenses through its various entities: Singapore MPI License for Major Payment Institutions, Switzerland FINMA Collective Asset Management License, Hong Kong TCSP License for Trust or Corporate Service Providers, Bhutan IPA License, providing currency services, matching transactions, custody, etc. BIT here is directly connected to compliant brokerage firms in the United States through licensed entities in Bhutan (which has not established diplomatic relations with China), so there is no concern about CRS. 4. As a legitimate US stock platform, BIT also supports conversion (in/out) from other securities firms. US stock "transfer" (also known as "account transfer" or "stock transfer") refers to transferring your securities assets (such as stocks, ETFs) from one brokerage account to another without engaging in buying or selling activities. This operation looks like 'switching securities firms to continue holding the same stocks'. Users can directly transfer their US stock holdings in Tiger and Futu to BIT through a transfer method, eliminating the cumbersome process of selling positions, withdrawing funds to a bank account, and then transferring to other securities platforms (such as going to a foreign bank and then to Jiaxin Yingtong, which takes a long time and is also complicated) The advantage of direct transfer is that since it is not a sale, it is not considered a realized profit or loss, so there will be no tax declaration issues. You can take a look at the recent BIT activities: 1) Upon the first deposit and completion of KYC, a cash gift of $20 will be given (the account balance must be greater than $100 when distributing the bonus). 2) Upon completion of KYC for account opening, a $100 processing fee voucher can be given as a gift. 3) Directly transferring stock assets exceeding $10000 will also receive corresponding rewards.