I've always felt that in the future, brokerage firms and exchanges are likely to become the same thing. In the past, if you wanted to buy stocks, you had to open a brokerage account; if you wanted to buy crypto, you had to register on an exchange. Funds from both sides couldn't flow directly, and assets lay in different accounts. But recently, more and more products make me feel that this boundary is disappearing. The gStocks recently launched by Gate is one such example. Many people think it's just tokenizing stocks.