Regulatory framework is the key to whether traditional financial derivatives businesses can operate healthily on-chain. Some exchanges have already established compliant spot and derivatives trading systems in the Middle East's financial free zones, which is indeed a rare standardized case in the industry. Currently, although many platforms are exploring the TradFi track, very few are truly fully compliant.

Interestingly, traders can now operate traditional commodities and cryptocurrencies simultaneously on the same platform—gold, silver, Bitcoin, Ethereum, and more—immediately expanding the trading scope for precious metal investors. This cross-asset integration has indeed changed the trading experience. More promisingly, there may be more traditional assets gradually entering the scene, as the exchange ecosystem continues to expand outward, and the maturity of the entire track is accelerating.