OKX's biggest move this time is not to release products, but to break down the exchange and sell them. Before, when you wanted to open a trading market, there were basically only two ways: Either match, liquidate, risk control, and liquidity from scratch. Either go to the exchange. But OKX's Exchange OS this time is about the third path: You come to do the market. The engine is mine. This sentence is crucial. Because the most valuable thing on the exchange has never been the app icon. But it's the machine behind that nobody sees: matchmaking margin deposit liquidation settlement risk control liquidity Account system These things used to be locked in the exchange. The project team wants to come in, they need to queue up. Users want to trade and need to enter the app. Developers want to innovate and have to remake the wheels themselves. Now OKX wants to transfer this set of capabilities to X Layer. Translated into human language, it is: In the future, OKX may not open all markets on its own. But instead, let others open up more markets based on OKX's underlying capabilities. spot Perpetual. Predicting the market. Even various on chain financial gameplay that you haven't figured out yet. The most interesting thing about this is that: OKX doesn't want to just be a 'trading portal' anymore. It wants to develop an operating system for on chain finance. Previously, exchanges competed for users. Now they are competing for developers, market creators, and who will define the next generation of trading scenarios. Do you think it's releasing a product. It is actually saying: In the future, you can open casinos, stock exchanges, World Cup prediction tables, and any financial market on my foundation. Of course, the words are fierce, and the real things to see are also very realistic. Firstly, how much does it mean that there is no need for permission? If the deployment market needs to pledge OKB, follow specific rules, and comply with regulations in different regions, then it is not completely wild open. It's more like an 'open door with a threshold'. Secondly, can liquidity really be shared? Opening a market is easy. The difficulty lies in having someone to trade, having depth, market making, and clearing security. A market without liquidity is just a beautiful shell. Thirdly, OKB's role has become heavier. If in the future, opening markets, participating in governance, and deploying protocols are all bound to OKB, then OKB will not just be a platform coin. It will become a ticket to enter this system. This is where the market truly focuses. I think it's smart to be the first to test the World Cup prediction market. Because predicting the market is easier to break through than contracts, options, and structured products. You don't have to explain the funding rate to ordinary people. You just need to ask one question: Who do you think will win? Users will understand. So what Exchange OS really needs to verify is not whether OKX can make a market prediction. But rather: Can OKX transform the exchange from an app into a financial infrastructure that others are also willing to access. If it runs through, the boundaries of the exchange will become very strange. It is both a platform and a base. I am both working in the market and renting out market machines. I want to open up to others while also mastering the core engine. Congratulations to OKX for once again making a big name in web3 infrastructure! @star_okx @okxchinese @Haiteng_ok