✅ I recently read an interview with Han Lin, the founder and CEO of Gate, in Bloomberg Businessweek/Chinese edition. The most noteworthy issue is not the new product, but the core question: during the industry adjustment period, what does the exchange rely on to establish long-term competitiveness? Gate has invested heavily to obtain currency transfer licenses in multiple states in the United States, covering the vast majority of areas. Many people feel that the cost is too high, but Han Lin said: the United States is still the world's largest capital market and financial innovation highland, and early compliance is to seize the initiative in the future. ️ He particularly emphasizes' autonomy '. Relying on local partners to save money in the short term, but the larger the scale, the higher the cost, and the core capabilities are still in the hands of others. Gate would rather invest more in the early stages, establish its own barriers through licenses, technology, and operations, rather than relying solely on others. In addition to global expansion, the interview also discussed several new directions. Market prediction: The heat is high, Gate has integrated its products, but insists on doing KYC/anti money laundering. In the future, it will need to obtain its own license to launch products, rather than relying on others for a long time. This is completely consistent with their long-term strategy. Pre IPO and RWA: Pre IPO can lower the threshold for ordinary people to invest in unlisted companies, with great potential. But currently, most tokenized stocks are only equity mappings, and their actual implementation requires more mature supervision. Han Lin expressed caution. Cryptocurrency payments: Unlike transactions that are heavily influenced by bull and bear markets, cross-border payments come from real business needs. The advantages of blockchain in efficiency and cost are being widely adopted by cross-border e-commerce and B2B, making it one of the few real applications of Crypto that continues to grow. The core of the entire interview is one word: long-term construction. The competition among future exchanges is no longer about trading volume and listing speed, but about who can continue to invest in underlying capabilities, improve global compliance, and establish their own long-term advantages in the new environment. @Han_Gate @Gate_zh @Gate @JoeyJia11 @Godot_gate