Will brokerages be replaced by exchanges? Gate's move has Wall Street on alert

Whenever new technology emerges, someone always asks the same question.
Will old industries be eliminated?
Now that Gate has launched stock trading, many investors are discussing:
Will exchanges take away brokerage customers?
The answer may not be that simple.
Traditional brokerages have regulatory experience, institutional resources, and mature service systems.
These advantages are hard to replicate in a short period.
But exchanges also have their own weapons.
Young users.
Global operations.
Digital experiences.
Especially the new generation of investors, whose platform requirements are increasing.
They care more about efficiency.
They care more about convenience.
Who can reduce operational costs,
Who will more easily gain attention.
Therefore, the future may not be about who replaces whom.
It’s more likely about who learns from whom.
Brokerages learn from exchanges about efficiency.
Exchanges learn from brokerages about regulation.
Eventually, a new industry form will emerge.
Competition has never destroyed an industry.
Competition only drives industry evolution.
And Gate’s move may be accelerating this change. #Gate正式推出股票交易