After OKX, Binance and other exchanges will follow suit. The industry is constantly evolving. We traders are also hustling to keep learning and improving, all to make money in this market. Survival of the fittest! This means exchanges are transitioning from service providers to underlying infrastructure! From monopolizing traffic to building open ecosystems. My personal guess is that exchanges will soon turn their trading capabilities into ready-to-use toolkits. Instead of doing everything themselves, they’ll package core functions like matching and clearing into standard APIs. Anyone who wants to use them can just call them directly—basically, the platform becomes a service provider! Centralized and decentralized systems will merge, allowing anyone to create their own market. In the future, you won’t need to rely on big platforms. Regular developers or teams can simply stake the relevant tokens and build their own spot, futures, or prediction markets on-chain. This openness will come with built-in risk control and compliance. It’s not just blind openness—modules for risk management, anti-money laundering, and compliance will be embedded directly into the protocols. It’ll be flexible without crossing any red lines. The most powerful exchange in the future won’t be the one with the largest trading volume, but the one that operates like an operating system, enabling countless small markets to grow on top of it.