This time, the BP CEO is focusing on the "compliance gateway" rather than just the trading narrative, which is worth keeping an eye on.
If Backpack's compliance model for U.S. stocks can run smoothly, the impact could extend beyond just adding another product line; it might reconnect crypto users, stock assets, and on-chain account systems. The last cycle relied on high yields and airdrops to attract new users, but the next round will likely see who can effectively manage real assets, regulatory frameworks, and user experience all at once.
In the short term, don’t just focus on sentiment; it’s crucial to watch the progress of licenses, product launch timelines, and real trading demand. Compliance may not be the fastest narrative, but it could be the most durable moat.
#Backpack #合规 #crypto market
If Backpack's compliance model for U.S. stocks can run smoothly, the impact could extend beyond just adding another product line; it might reconnect crypto users, stock assets, and on-chain account systems. The last cycle relied on high yields and airdrops to attract new users, but the next round will likely see who can effectively manage real assets, regulatory frameworks, and user experience all at once.
In the short term, don’t just focus on sentiment; it’s crucial to watch the progress of licenses, product launch timelines, and real trading demand. Compliance may not be the fastest narrative, but it could be the most durable moat.
#Backpack #合规 #crypto market