One perspective: No boasting allowed.
Take a look at bn's API documentation and GitHub; anyone with a little programming knowledge can quickly get started with trading. Real-time market data is free, without any nonsense L1/L2 fees. They directly offer 5000 order book queries and incremental pushes, and even historical market data can be downloaded for free. They allow direct account openings without brokers making profits from spreads or reselling information; they also support x125 leverage, 30 sub-accounts, spot/futures/options/wealth management/loans, etc., all handled by one exchange. In simple terms, the gap between bn and our regulated securities/futures exchanges is even greater than the gap between Alipay and traditional online banking back in the day, and their credibility might not even be worse than that of certain shady operations.
Speaking of bn, whether in terms of talent or financial strength, it probably cannot compare with Shanghai and Shenzhen. The hard strengths like matching speed, stability, and uptime should also be inferior. However, they are already a generation ahead in service content and philosophy, which is worth serious reflection and learning for domestic regulated exchanges and securities companies. After spending so much money and nurturing so many people, what are they doing?
Recently planning to invest in a potential coin, aiming for a double at the start, with an expected increase potentially exceeding 10 times. If interested, we can discuss in the comments!
