The square frequently pushes live broadcasts, it seems that users are not actively trading and can only rely on guidance.
In the past, exchanges relied on launching new coins + promoting altcoins, creating myths of 10x and 50x. But now, old altcoins have no space, new projects have no buyers, and users are becoming more discerning, making it difficult to retain people in spot trading.
Therefore, the focus can only shift to contracts + high-frequency trading. As long as there is volatility, there will be transaction fees; users do not need to make a profit, they just need to keep trading.
But in the bear market of 2026, altcoin contracts are not recommended; everyone can just trade Bitcoin and Ethereum, and can short at highs.