CEX, you don't want to be abandoned by users for non-compliance and chased by regulatory authorities, right?
The new policy introduced by the understander has triggered a global reshuffle of CEX, and we will see many CEXs working on compliance and vying for licenses. These exchanges must either complete compliance actions early today and meet compliance requirements, or face a disastrous downfall — Mamba OUT.
Main Impact Analysis:
Escalation of Compliance Pressure
Mainstream CEXs (Binance, OKX, etc.) must accelerate obtaining U.S. licenses, or they will miss out on the trillion-dollar pension market; small exchanges face a survival crisis, either being acquired or transforming into "compliance gateways."
Changes in Business Models
Staking ETFs and other innovative products are becoming the new battleground (for example, the INJ staking ETF has begun to take shape). In the future, the traditional "listing coins to harvest retail investors" model will definitely lose its effectiveness; institutions entering the market cannot and will not allow themselves to suffer losses. Moving forward, it will be more about who has a larger volume and whose words are deemed more "correct."
Intensification of Geopolitical Competition
Exchanges in pro-U.S. regions (Singapore, Dubai) will gain a first-mover advantage against regions (China, Russia) where some CEXs may be forced to "choose one," abandoning the international market.
Summary:
It's like suddenly requiring all informal casinos to become legitimate securities firms. Large exchanges are busy obtaining licenses, medium-sized ones are looking for backers, and small ones either sell out or change their business. In the next year, we will see exchange advertisements shift from "hundredfold coins" to "compliance and licensing";
And what ordinary people should care about the most is — does your exchange have a U.S. license?
Let me think, @币安广场 is the eternal choice