Why have exchanges started shifting their focus to U.S. stocks over the past year? Elio Cui, head of BITstocks Broker, shared in an interview with Wu Blockchain on June 22 that over the past year, exchanges have begun pivoting to TradFi businesses centered around U.S. stocks. One of the key reasons is the shift in wealth effect. Previously, exchanges relied on growth from new assets, contracts, Launchpad, and other services, essentially catering to users chasing high liquidity, high volatility, and low-barrier assets. As the hype around Altcoins and Meme coins faded, exchanges naturally turned their attention to new sources of wealth effect, with U.S. stocks—especially AI tech stocks—becoming a major focus. Follow Wu Blockchain's YouTube channel for more professional interviews, podcasts, and short videos from the Crypto industry.