1/ I think many people underestimated Binance's launch on the US stock market this time. On the surface, this is an additional feature added to the exchange: You can buy over 7000 US stocks and ETFs. But Brother Men looked deeper and realized that this was actually changing the investment entrance for a group of people. I used to have a complicated process when I wanted to buy US stocks. Opening an account, depositing funds, currency exchange, brokerage threshold, language cost, every step is discouraging ordinary people. Now that Binance has put US stocks into its encrypted account, the logic has changed. For many people, it's not that they don't want to buy US stocks. But TMD used to be too troublesome to enter. 2/ The data is very direct. Within 30 days of its launch, Binance's AUM for US stock trading has exceeded 1 billion US dollars. The total transaction volume exceeds 3 billion US dollars. On average, there is a daily inflow of 41 million US dollars. This is what players choose with real gold and silver. More importantly, about 73% of users come from emerging markets. This indicates that the demand for US stocks has long been not limited to the domestic market, nor is it limited to traditional brokerage users. Many people around the world want to participate in the US stock market, but they have always lacked a more convenient entry point. Especially for cryptocurrency players. 3/ There is another interesting data: Out of every 7 users who visit the Binance stock trading page, 1 has registered. Nearly 90% of registered users have actually completed transactions. What does this mean? These users are not just casually clicking in to watch the excitement. They already have real needs, but they didn't have a suitable place to take them before. Coin circle users don't just want to speculate on counterfeit products. What many people really want is to have both: BTC、ETH、 Stablecoins, US stocks, ETFs, AI assets. Simply put, what they want is not a single market, but a global asset gateway. Of course, it also includes myself. 4/ Looking at what they bought, we can see the problem even more clearly. Out of over 7000 stocks and ETFs, nearly 740 have already generated trading. But the funds are not evenly dispersed. About 71% of stock holdings are in the technology sector. 48% of it is invested in semiconductors. The trading volume of the technology sector is approximately 23 times that of other sectors. This is quite obvious. Coin circle users buying US stocks are not buying randomly. They are buying AI. Buying semiconductors. Buying American technology mainline. This is actually very similar to the risk appetite of the cryptocurrency industry. Coin circle users naturally prefer assets with high growth, high volatility, and high narrative density. Previously, this demand was mainly undertaken by BTC, ETH, and SOL. Now NVDA, SMH, QQQ, and VGT have also begun to undertake this part of the demand. 5/ This is also the most crucial aspect in my opinion. Crypto users' understanding of US stocks may be different from that of traditional investors. Traditional investors may start with banks, funds, and securities firms before gradually getting involved in cryptocurrency. But the new generation of users may do the opposite. They first have a Binance account. First buy encryption, then start buying US stock ETFs, AI, and semiconductors. Their first investment gateway may not necessarily be securities firms. Maybe it's a cryptocurrency exchange. This change is significant. Because the entrance has changed, the funding path will also change. 6/ From this perspective, the launch of Binance on the US stock market is not simply adding a trading category. It's more like bringing cryptocurrency users into the Wall Street asset pool. Previously, the cryptocurrency market and the US stock market were like two separate markets. One discusses on chain, cycle, halving, and liquidity. A talk about financial reports, interest rates, tech giants ETF。 But now these two markets are becoming more and more like a combination. Risk appetite has not disappeared, it is just switching between different assets. 7/ Of course, this does not mean that the US stock market is risk-free. AI will have a foam. Semiconductors have cycles. Technology stocks will also retreat. Buying US stocks through the exchange does not mean that everyone is suitable. But the trend is clear: Global users want to buy good assets. Emerging market users want to participate in US technology growth. Coin circle users are not satisfied with only buying cryptocurrency assets. What they need is a lower threshold, more familiar, and more convenient entrance. What Binance is doing now is to open this entrance. 8/ So when I look at this matter, it's not just about looking at 30 days worth 1 billion dollars in AUM. This number is certainly important. But more importantly, the signal behind it: Cryptocurrency exchanges are transforming from a "cryptocurrency trading portal" to a "global asset gateway". In the future, many people's investment paths may become: Buy encryption first, Buy more US stocks or ETFs, Reconfigure AI and semiconductor, Finally forming a global asset portfolio Binance has not simply launched US stock trading. It is telling the market that the next generation of investors entering Wall Street may no longer be brokers, but Binance accounts. Wall Street investors! Are you ready to join this technological feast?