Recently, an interesting phenomenon has been observed: Chinese-based exchanges are gaining an increasing share of the global CEX market. Taking a leading exchange as an example, its compliance strategy is indeed steady and solid, neither aggressive nor falling behind.

I attended the anniversary celebration of a top exchange in Dubai, where a large number of institutions and high-net-worth users gathered. The event was of high standard in terms of scale and organization. Judging by the enthusiasm of the participants, the market's recognition of these platforms is quite strong.

Looking at the global CEX landscape, Chinese-based exchanges have already occupied a significant market share. Although they each follow different routes, they are all competitive in operational capability and user service. This indicates a trend: under increasingly strict compliance requirements, professional operation and prudent strategic choices are becoming key to CEX breakthroughs.