The precious metals market has been very active recently—gold has risen above $4,600, and silver has also broken through to $85, both hitting record highs. Many are discussing whether the driving forces behind this wave of market movement have changed, but my view is: the underlying logic of the market hasn't changed; what has changed is the timing.

As early as 2022, some users were calling for exchanges to introduce traditional financial assets. At that time, we chose to wait conservatively, not because we didn't see this direction, but because we clearly understood—the importance of precious metals as safe-haven assets would become increasingly prominent. However, when exactly they would become mainstream in the market still required more signals to confirm.

Now it seems the timing is maturing. The core competitiveness of exchanges ultimately lies in their judgment of market rhythm—when to act and when to wait. The recent performance of precious metals further validates our initial strategic approach.