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#Gate广场五月交易分享
Morgan Stanley announced the launch of cryptocurrency trading services on its E*TRADE platform, reducing fees to 0.5%, lower than mainstream platforms. This move has sparked discussions about whether traditional finance (TradFi) will "take over" the crypto industry. Some believe this will disrupt existing exchange models. Kevin Lee, Chief Business Officer of Gate, stated that the crypto industry has expanded into diversified revenue streams such as derivatives and staking, and the two will compete rather than replace each other.
Do you think the entry of traditional financial giants is an opportunity or a challenge for native crypto exchanges?