The trend of CEXs becoming more like brokerages is irreversible. For exchanges, this is the key to de-cyclicality and improving user retention. For users, once they get used to unified accounts, USDT pricing, and 24/7 trading, it’s hard to go back to the old ways. The direction is irreversible, but the form is far from settled. On the same path, different CEXs have vastly different strategies. Some stick to compliant tokenization, taking a steady and cautious approach; others focus on derivatives as their strong suit, using tokenization as a supplement. As for @MEXC, their strategy is "full-route coverage + contract depth." They break down stock trading into three distinct needs 1/ **RealStocks - For true ownership of shares** If you’re looking for underlying ownership, this is your choice. - **Real shares with real value**: Eligible users can directly buy and hold over 7,000 global stocks and ETFs, with underlying assets provided by licensed brokers partnered with MEXC. - **Real shareholder rights**: Eligible holdings can earn corresponding dividends and profit distributions. And the entry barrier is super low—participation starts at just 5 USDT. 2/ **Stock Futures - The leverage weapon** - **Multi-market coverage**: Over 300 stock assets spanning U.S., Hong Kong, South Korea, and Japan markets. - **Event-driven tool**: Perfect for earnings season, macro events, sector rotations, and risk hedging. The leverage operations that are second nature in the crypto world can seamlessly translate to the volatility of traditional stocks. 3/ **Tokenized Stock - 24/7 price exposure** - **Trade directly with USDT**: Over 200 tokenized stocks available for spot trading with USDT. - **Break time zone barriers**: Some products are tradable even outside regular U.S. stock market hours. It doesn’t provide ownership or voting rights in the underlying companies, but it gives you the purest two things—price exposure and volatility gains. 4/ **Conclusion** The majority of CEXs only take one or two approaches to stock trading—either licensed brokerage, tokenization, or pure contracts. MEXC is one of the few players rolling out multiple product lines simultaneously, with a clear differentiation in its coverage of non-U.S. markets. So its user profile is crystal clear: if you’re an active trader looking to leverage, capitalize on events, and are fee-sensitive, the combination of breadth + speed + low fees is a great fit for you. MEXC0808